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ForexForexLive

France's economy contracts in Q3 as growth troubles pile up for the ECB

France Q3 preliminary GDP -0.1% vs +0.1% q/q expected Prior 0.0% France Q3 preliminary GDP % vs +0.3% y/y expected Prior +0.5% Ouch. That's a notable miss as French GDP shrinks in Q3 this year. That follows from the stagnation in Q2 and a 0.2% contraction in Q1, not exactly the sort of economic performance one would hope for from Europe's second-largest economy. Looking at the breakdown,…

CommodityOilPrice.com

Oil Prices Head for Fourth Monthly Gain as Middle East Tensions Escalate

Crude oil prices were set for another weekly gain today, also extending their monthly rise to four months in a row amid continued fears of escalation in the Middle East and Houthi attacks on Saudi infrastructure. At the time of writing, Brent crude was trading at $116.56 per barrel, with West Texas Intermediate at $103.35 per barrel ahead of the November 3rd U.S. midterm elections. President…

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