EUR/USD
1.17282
-0.085%
Gold
4313.17
0.780%
Oil
57.932
0.329%
USD/JPY
155.785
0.145%
GBP/USD
1.33788
-0.053%
GBP/JPY
208.424
0.094%
Real-time News
December 12th - Market analysts say oil prices rose today, but a significant drop is still possible this week. Diplomatic efforts to end the Russia-Ukraine conflict, coupled with overall bearish fundamentals, suggest a supply glut next year. Next week, market focus is expected to be on the Russia-Ukraine negotiations, while traders also watch the escalating tensions between the US and Venezuela. The International Energy Agency (IEA) stated that market-expected surpluses have narrowed, but a large supply glut still casts a shadow over the outlook. In contrast, OPECs supply and demand forecasts point to a relatively balanced market next year. ANZ analysts said, "This is a stark reversal of the outlook that predicted a tighter market earlier this year."On December 12th, KPMGs Chief UK Economist, Yael Selfin, stated in a report that UK GDP contracted by 0.1% month-on-month in the three months of October, and growth is expected to remain weak for the remainder of the fourth quarter. Economic activity in November may be constrained by uncertainty surrounding the government budget. She pointed out that although the budget avoided an early tax increase and borrowing costs are expected to decline over the next year, its impact may persist, and household confidence is unlikely to improve in the short term. The outlook for investment growth is more optimistic and should be a key driver of economic growth in 2026. However, she expects GDP to remain flat in the fourth quarter of 2025.The Kremlin: The US will discuss the results of its negotiations with Ukraine with Moscow sooner or later. However, Moscow has not yet seen the revised proposals following the US-Ukraine negotiations and may "dislike much of it."Data shows that Russias seaborne petroleum product exports in November decreased by 0.8% compared to October.On December 12th, Citigroup Chief Economist Nathan Sheets stated in a report that while U.S. debt levels pose a headwind to the economy and markets, they should be manageable. "Any premium demanded by the market to absorb upcoming U.S. Treasury issuances will not significantly constrain economic growth or the governments borrowing capacity," he noted. He pointed out that the core strengths of the U.S. economy, including its resilience and dynamism, give investors confidence to buy U.S. Treasuries even in the face of high debt levels and political noise. "And ultimately, there are virtually no substitutes for U.S. Treasuries."
