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U.S. Baker Hughes Oil Rig Count Increases to 413, Signaling Production Boost
In a notable shift, the U.S. Baker Hughes Oil Rig Count rose to 413, marking a significant increase from the previous count of 407. This update, released on December...
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Brazilian Real Tumbles Amid Election Rumors
The Brazilian real declined beyond 5.38 per US dollar, following a surge towards the highs anticipated in May 2024. This downturn occurred due to a sudden change in the 2026...
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UK Stocks Close in the Red
London's FTSE 100 relinquished its early gains, closing down approximately 0.5% at 9,669 on Friday, its lowest point in over a week, and lagged behind its European counterparts. The index...
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European Stocks Close Week Higher
European stock markets edged upwards, securing a second consecutive week of gains, as investors continued to evaluate the monetary policy outlook for the coming year, the returns on burgeoning...
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Silver Nears Record Highs
Silver has rebounded above $58, approaching record highs, after a profit-taking decline was quickly reversed. This turnaround was prompted by new data that strengthened confidence in an imminent Federal Reserve...
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Baltic Dry Index Falls for 2nd Day
The Baltic Exchange's dry bulk index, an indicator that monitors the rates for vessels transporting dry commodities, experienced a decline for the second consecutive day on Friday, decreasing by 3.1%...
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Mexican Peso Rises to July 2024 Highs
In a notable development, the Mexican peso has appreciated to approximately 18.16 per US dollar, marking its highest value since July 2024. This rise stems from growing expectations...
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US Dollar Index Holds Near 1-Month Low
The dollar index lingered below 99 on Friday, matching a one-month low, as anticipation of further rate cuts by the Federal Reserve contrasted with stances from other central banks. Market...
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DAX Gains Ground
The DAX index in Frankfurt saw a continuation of its early gains, surpassing the 24,100 threshold on Friday afternoon—a level not reached since mid-November. This movement positions the index...
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Gold Rises Further After PCE
Gold prices surged to approximately $4,250 per ounce on Friday, reaching a peak not seen since late October, following the release of the postponed September Personal Consumption Expenditures (PCE) data...