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ForexForexLive

Eurozone manufacturing PMI holds up in October but rising price pressures give the ECB another headache

Eurozone October final manufacturing PMI 52.7 vs 52.4 prelim Prior 52.9 Euro area industry activity softened slightly in October, with the headline PMI estimate touching a two-month low. The output index slumped further to 52.8 from 53.6 in September, dropping to a four-month low. Overall, it still marks a modest expansion in manufacturing conditions despite slower new order growth and increased…

CommodityOilPrice.com

Goldman Sachs Raises December Brent Oil Price Forecast to $105

Goldman Sachs commodity analysts have revised their price forecast for Brent crude upwards, now expecting the benchmark to average $105 in December and remain elevated next year as well. This represents a nearly 17% increase from Goldman’s previous December forecast of $90 per barrel, with the team citing heightened risks to supply security, as reported by Bloomberg. The revision, which is the…

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