Tag: slumps
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Golden Glitter Fades: UAE’s Gold Jewellery Demand Slumps 15% Amid Global Downturn
[ad_1] In a glittering world dimmed by high prices, the UAE’s gold jewellery demand plummeted by 15% during Q3 of 2023, reflecting a global slowdown. This decline, attributed to the exceptional sales of the previous year, is part of a broader trend with Egypt experiencing a 27% drop, while India stood out with a 7%…
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Crude oil slumps as Middle East diplomacy intensifies
[ad_1] Investing.com — Oil prices fell Monday as diplomatic efforts to contain the conflict between Israel and Hamas intensified, although tensions remained high as Israel continued to bombard the Gaza enclave. By 09:15 ET (13.15 GMT), the futures traded 1.2% lower at $87.06 a barrel, while the contract dropped 0.9% to $91.32. Diplomacy increases over…
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Crude oil slumps on demand concerns after weak Chinese data
[ad_1] Investing.com — Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. By 09:00 ET (13:00 GMT), futures traded 3.3% lower at $67.17 a barrel, while the contract fell 2.8% to $71.63 a barrel. Activity data…
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UK no longer ‘sick man’ as France burns, Germany slumps and Trump threatens civil war | Personal Finance | Finance
[ad_1] The UK was in disarray last year, going through three prime ministers, four chancellors and two monarchs in 12 months. It all came to a head in October, in the aftermath of former Chancellor Kwasi Kwarteng’s mini-Budget fiasco. His decision to unleash £45billion worth of unfunded tax cuts almost brought the country to its…
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Crude slumps on fears Fed tightening will hit demand
[ad_1] By Peter Nurse Investing.com — Oil prices slumped Friday, heading for a weekly decline on concerns about future U.S. economic growth following signals that the Federal Reserve is set to continue raising interest rates for longer than previously expected. By 09:35 ET (14:35 GMT), futures traded 3.7% lower at $75.58 a barrel, while the…
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Crude Oil Slumps to Lowest Levels This Year on Recession Fears
[ad_1] By Peter Nurse Investing.com — Oil prices slumped Friday, falling to the lowest levels this year, weighed by heightened recession fears, which would curb global demand, as well as a surging dollar. By 09:20 ET (13:20 GMT), futures traded 4.6% lower at $79.67 a barrel, while the contract fell 3.8% to $87.01. The two…
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Oil Slumps Further As China-Taiwan Tensions, Growth Fears Bite
[ad_1] By Ambar Warrick Investing.com– Oil prices tumbled further below key levels on Friday, and were set for large weekly losses as an escalation in China-Taiwan tensions and an interest rate hike by the Bank of England painted a dim picture for crude demand. As of 2011 ET (0011 GMT), traded down 0.3% at $88.30…
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Crude Slumps 2% on China Covid Situation as EU Dawdles on Russian Oil Ban
[ad_1] By Barani Krishnan Investing.com — Crude prices tumbled 2% Tuesday while staying above the key $100 per barrel support as market participants fretted again about China’s ability to keep its economy on track and retain the massive oil imports that have made it the largest consumer of the commodity, overtaking the United States. Beijing,…
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Oil price crash: Joy for UK motorists as cost of barrel slumps to $104 | World | News
[ad_1] Market trendsetter Brent crude futures fell by 12 cents (10p) to settle at $107.14 (£85.22) a barrel while the expiring front-month contract rose $1.75 (£1.39) to settle at $109.34 (£86.95) a barrel. U.S. West Texas Intermediate crude fell 67 cents (53p) to settle at $104.69 (£83.26) a barrel. It comes as oil prices have…
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Crude Oil Slumps on Growing Confidence Over Ukraine/Russia Peace Talks
[ad_1] By Peter Nurse Investing.com — Oil prices slumped Tuesday, continuing the sharp losses of the previous session as peace talks between Ukraine and Russia appeared to make progress, potentially bringing to an end the conflict which has roiled global supplies. By 9:15 AM ET (1315 GMT), futures traded 6% lower at $99.58 a barrel,…