Asian markets closed higher at the end of trading on Monday, August 11, the opening session of the week. Chinese markets led the Asian session's gains, with Japanese markets absent for the Ming and Ming holidays. Investors are awaiting an extension of the tariff truce deadline between Washington and Beijing, which expires tomorrow, Tuesday, August 12. Data from China's National...
Data released recently from the Canadian economy showed a decline of -41,000 jobs in July after adding 83,000 jobs in July, confounding expectations of an increase of about 15,000. Meanwhile, the unemployment rate remained at June levels of 6.9%, while expectations had been for a 7% increase. Employment declined across several sectors, led by the information, culture, and entertainment sector,...
Cryptocurrencies recorded collective gains in mid-trading on Friday, July 8, the closing session of the week, benefiting from US President Donald Trump's decision to pave the way for capital inflows after he signed an executive order on Thursday allowing investment in cryptocurrencies and alternative assets in US 401k retirement plans. This supported cryptocurrency gains and promoted the faster integration of...
Asian markets closed mixed on Friday, August 8, the final trading session of the week, with investors focusing on the tariffs on some countries that took effect on Thursday. Meanwhile, Japanese indices benefited from Japanese statements indicating a resolution had been reached with the United States regarding the tariffs imposed on its exports. The US government promised to amend some...
The Bank of England voted 5-4 to cut interest rates by 25 basis points to 4%, as expected, at its meeting just moments ago. Four members favored a 50 basis point cut, and four members preferred to keep rates unchanged. The Bank's interest rate report stated that inflation had declined significantly over the past two years as previous external shocks...
Crude oil prices rose at the start of trading in the US session today, Wednesday, August 6, after four consecutive sessions of declines, trading at their lowest levels in five weeks, amid market concerns over US President Donald Trump's threats to impose higher tariffs on buyers of Russian crude. Meanwhile, inventories fell contrary to expectations, with US crude (NYMEX) rising...
After four sessions of gains, gold is trading lower in mid-European trading today, Wednesday, August 6, with the US dollar stabilizing and a wave of profit-taking in the yellow metal, which tested its highest levels in two weeks yesterday, Tuesday, at $3,390 per ounce. This coincided with the absence of US economic indicators during today's session. The yellow metal is...
European indices registered collective gains at the opening of trading today, Wednesday, August 6, ignoring the decline in risk appetite in markets amid rising tariff concerns and negative closings for US indices. Focus was on European companies' earnings, many of which exceeded market expectations, amid anticipation of the Bank of England's two central bank meetings tomorrow, Thursday. In terms of...
The three major US stock indexes opened higher on Tuesday, August 5, for a second session following gains in the opening session on Monday, as US companies continued to report their second-quarter earnings, ignoring Trump's threats to impose higher tariffs on India and new tariffs on chips and pharmaceuticals. Moments before the session opened, Trump indicated on CNBC's "Squawk Box"...
For the fourth consecutive session, crude prices continued to decline in mid-European trading on Tuesday, August 5, as market concerns about slowing global growth and weak global oil demand, coupled with OPEC's move to ease supply restrictions, awaited preliminary inventory figures from the American Petroleum Institute later today. Nymex crude fell by about 1.28% to trade at $65.44 a barrel,...