Crude prices recorded some gains in mid-day trading on Tuesday, April 8, settling at their lowest levels since April 2021, after a wave of declines exceeding 15% since President Trump announced tariffs last week. Nymex crude is trading up about 0.67% at $61.10 a barrel, while Brent crude is trading at $64.54 a barrel, up about 0.51%. Market concerns about...
. Cryptocurrencies are recording near-collective gains this morning, Tuesday, April 8, after a series of sharp declines since President Trump announced the latest tariffs, a loss of more than 30% in their market value compared to its peak in December 2024. Bitcoin, the world's most valuable digital currency, is trading at $79,640,000, up 3.50% this morning, with its market capitalization...
For the third consecutive session, the sharp volatility and continued bleeding of global markets continued with the opening of the week's session today, Monday, April 7th, with US markets officially entering the bear market phase. US President Donald Trump announced late in the session on Wednesday, April 2nd, as scheduled, the final round of tariffs, imposing a minimum of 10%...
The report released by the US Bureau of Labor Statistics just moments ago showed that 228,000 jobs were added in March, compared to the revised 117,000 jobs added in February, better than market expectations of 137,000 jobs added. Meanwhile, the unemployment rate rose 0.1% to 4.2%, while expectations had indicated it would remain unchanged at 4.1% in February. The labor...
Crude prices fell by more than 4% in mid-trading on Thursday, April 3, continuing their decline of more than 2% on Wednesday after the US President imposed a series of tariffs amid anticipation of today's OPEC+ meeting. Nymex crude oil is trading down approximately 4.67%, trading at $68.35 a barrel, while Brent crude is trading at $71.67 a barrel, down...
Last Wednesday, April 2, US President Donald Trump announced, as scheduled, the final round of tariffs, imposing a minimum of 10% tariffs on all countries. These tariffs are scheduled to take effect on April 5, transforming the global trade system. Trump described this day as a historic event and a day of liberation for his country. The tariffs imposed by...
The US private sector added approximately 155,000 jobs in March, according to figures released just moments ago by ADP, after adding approximately 77,000 jobs in February's reading, compared to expectations of 118,000. Wages rose 4.6%. In detail, the manufacturing sector added approximately 21,000 jobs, while the construction sector added approximately 6,000 jobs. The services sector added 132,000 jobs, led by...
By closing the first trading session of the week yesterday, Monday, at $3,123 per ounce, the yellow metal recorded gains in the first quarter of this year of 19.3%, marking its best quarterly performance since 1986, the year of the Chernobyl disaster. This included gains of more than 9% in March alone, amounting to $267. Rising geopolitical tensions in the...
The Reserve Bank of Australia's Board of Directors decided at its meeting this morning, Tuesday, April 1, to maintain monetary policy and the current interest rate at 4.10%, as expected. The Bank's statement on interest rates stated that inflation has declined significantly since its peak in 2022, and that recent information indicates that core inflation is declining in line with...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $194.7 billion in February, up 0.8% from 0.9% in January. The Federal Reserve's preferred inflation measure, the personal consumption expenditures (PCE), rose 0.3%, but remained unchanged at 2.5% on an annual basis, as expected. The closely watched index, which excludes food...