Breaking News
Dec 6, 2022
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Brent crude oil dropped for the second week and fell to a 11-month low, below the price before Russia's invasion of Ukraine in late February.
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The Russian ruble falls to a two-month low below 63 against the U.S. dollar after the EU oil embargo kicked in.
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Germany's factory orders declined 0.8% in October from September when orders fell downwardly revised 2.9% and declined 3.2% from a year ago. Export orders rose 2.5% and domestic orders fell 1.9%.
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The U.S. international trade deficit in goods and services was $78.2 billion in October, an increase of 19.9% from a year ago and 5.4% from September, BEA reported Tuesday.
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Eurozone retail sales declined 1.8% from the previous month in October and 2.7% from a year ago, extending five months of weakness, Eurostat said Monday.
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The U.S. stock index futures trade lower, European markets turn volatile and China stocks advance after more cities relax lockdown rules.
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China-linked casino stocks jumped between 5% and 10% on the hopes of travel pickup after more Chinese cities ease movement restrictions.
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VF Corp, the parent of Timberland and The North Face, plunged 10% after the company trimmed sales outlook in the second half and announced the resignation of its chief executive.
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The orders for manufactured goods increased 1.0% in October and unfilled orders increased for the 26th month in a row and durable goods orders rose in 12 of the last 13 months.
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Crude oil dropped 3.5% to $77.18 a barrel and natural gas plunged 10% to $5.60 a thermal unit on looming recession worries.
Dec 5, 2022
