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MacroFrance 24 World

How Trump's broken promises on war, inflation handed Democrats the midterms

Speaking to Fox News following the midterm elections, US President Donald Trump admitted that inflation was likely one reason Republicans did poorly. Many Americans have been frustrated with how the Iran war has pushed up prices, including at the gasoline pump, especially given that Trump had campaigned for his second term on a pledge of “no new wars”, as Ellen Gainsford explains.

ForexForexLive

October US ISM services 54.5 vs 54.8 expected

Prior was 54.9 Prices paid vs 74.0 prior New orders vs 59.8 prior Employment vs 50.1 prior Business activity vs 56.5 prior For background, the Institute for Supply Management’s Services PMI is one of the most closely watched monthly gauges of the US economy. It’s released at 10 am ET on the third business day of the month, two days after its manufacturing counterpart, and is based on a survey of…

ForexForexLive

US final October S&P Global services PMI 56.1 vs 57.9 prelim

Prelim was 57.9 Prior was 58.8 Composite PMI 55.9 vs 57.6 prelim Coimposite prior was 58.4 Sentiment regarding future activity fell to its lowest since May Demand was reported to be high Sentiment was overall at its lowest since May This adds negative risk to the ISM services report at the top of the hour. I'm fearful that the Fed is behind the curve on inflation and that it's broadening. Of…

CommodityOilPrice.com

UAE-Controlled Moeve Sells Algerian Upstream Assets

Spanish energy firm Moeve has agreed to sell its upstream oil and gas assets in Algeria to units of Indonesia’s state energy firm Pertamina in a deal that sees Moeve, majority owned by Abu Dhabi’s fund Mubadala, exiting the upstream business globally. Moeve, which rebranded from Cepsa in 2024 “to drive the energy transition towards a more sustainable future,” is nearly 62% owned by Mubadala, the…

CryptoCoinDesk

The election changes Washington. The work on crypto continues

The next Congress inherits an unfinished assignment: establishing clear, lasting rules for digital assets that protect consumers and ensure American innovation continues to thrive, writes Blockchain Association's Linsday Fraser.

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