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Markets
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US ISM Services PMI surpasses consensus in November
Fresh data from the Institute for Supply Management (ISM) showed the Services Purchasing Managers Index (PMI) picking up to 52.6 in November from 52.4, beating expectations of 52.1…
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USD softens as Trump signals Hassett for Fed Chair – Scotiabank
The US Dollar (USD) twitched nervously yesterday as President Trump referred to CEA head Hassett as the 'potential' Fed chair. This morning sees the USD broadly lower and the US…
Glencore slashes 1,000 jobs as part of cost-cutting drive
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Swiss miner Glencore has slashed 1,000 jobs as it cuts…
Sprott Physical Silver Trust (PSLV) surges to a new all‑time high
Sprott Physical Silver Trust (PSLV) is a closed-end fund managed by Sprott Asset Management. It provides investors with direct exposure to physical silver bullion. Unlike synthetic…
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About Commerzbank’s Turkish Lira market commentary
(This story was corrected on December 3 at 12:40 GMT as its content was written as a preview ahead of the Turkish CPI data for November. The story shouldn't have been released as…
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AUD/USD approaches 0.6600 as US Dollar underperforms
The AUD/USD pair extends its winning streak for the ninth trading day on Wednesday. The Aussie pair posts a fresh monthly high near 0.6580 as the US Dollar (USD) underperforms its…