Real-time News

The UK's three-month ILO unemployment rate in October was 5.1%, the highest since January 2021.

The UK's average earnings annual growth rate, including bonuses, for the three months ending in October was 4.7%, below the expected 4.4% and the previous figure revised from 4.80% to 4.9%.

The UK's average earnings growth rate excluding bonuses for the three months ending in October was 4.6% year-on-year, below the expected 4.5% and the previous figure revised from 4.60% to 4.7%.

UK ILO employment figures for the three months ending in October fell by 17,000, compared to a forecast of -67,000 and a previous reading of -22,000.

A recent Politico poll shows that respondents in France and Germany want their governments to reduce financial aid to Ukraine. Respondents in the United States, Canada, and the United Kingdom, however, tend to hold the opposite view, supporting continued substantial support.

December 16th Futures News: 1. WTI crude oil futures trading volume was 804,251 lots, an increase of 132,579 lots from the previous trading day. Open interest was 1,934,679 lots, an increase of 20,002 lots from the previous trading day. 2. Brent crude oil futures trading volume was 127,309 lots, an increase of 6,201 lots from the previous trading day. Open interest was 214,524 lots, an increase of 520 lots from the previous trading day. 3. Natural gas futures trading volume was 596,131 lots, a decrease of 139,478 lots from the previous trading day. Open interest was 1,559,196 lots, a decrease of 1,731 lots from the previous trading day.

December 16 - According to the Japan Meteorological Agency, a 5.2-magnitude earthquake struck off the eastern coast of Aomori Prefecture, Japan, at approximately 2:38 p.m. local time on the 16th. The maximum tremor was felt as a 3, and the epicenter was 20 kilometers deep.

Bank of Thailand: Tightening gold-related transactions.

Berenberg: Lowered his price target for Ferrari (RACE.N) from $466 to $447.

Moscow court documents show that Russian grain trader Parada has filed a lawsuit against the Syrian State Grain Trading Company, seeking 10.7 billion rubles in damages.

According to the Financial Times, the Finnish Prime Minister warned that Russia would redeploy troops to NATO's eastern flank if a peace agreement is reached in Ukraine. He urged Europe to invest more in the defense of frontline countries.

According to the Financial Times, Greg Gut, head of Shell's M&A team, has resigned after the CEO rejected a takeover bid for BP.

December 16th, Futures News: Economies.com analysts' latest view: Spot gold has risen slightly in recent intraday trading, gaining initial bullish momentum thanks to the solid support level of $4300, further strengthened by its price action above the 50-day EMA. In the short term, the main bullish trend dominates, and spot gold is trading along the support line of this trend, further solidifying its upward momentum.

December 16th, Futures News: Economies.com analysts' latest view: WTI crude oil futures have continued to decline in recent intraday trading, reaching the key support level of $56.40, which was the potential target mentioned in our previous analysis. Currently, this support level is under threat of being broken, mainly because the price continues to be pressured below the 50-day moving average, and the dominant trend remains downward. Furthermore, the price is moving along the secondary support trendline of this trend, with negative pressure continuing to dominate the market.

December 16th, Futures News: Economies.com analysts' latest view: Brent crude oil futures prices continued to decline during the trading session, constrained by prices remaining below the 50-day EMA, with negative pressure persisting and further solidifying the dominance of the steep secondary downward wave in the short term. The current price is approaching the key support level of $60.00, which was also a potential target mentioned in our previous analysis. Although the Relative Strength Index (RSI) shows oversold signals, negative signals remain, further increasing the likelihood of a break below this support level.