Data from China's National Bureau of Statistics showed early Wednesday, July 9, that the annual consumer price index (CPI), a measure of inflation, rose in June after four consecutive months of declines, reaching 0.1%, following a -0.1% decline in May. Expectations were for a -0.1% decline, as the index had been in negative territory since February, falling by 0.7%, and...
The Reserve Bank of New Zealand's (RBNZ) Monetary Policy Committee (MPC) decided to keep the official cash rate unchanged at 3.35% at its meeting this morning, Wednesday, June 9, as expected, following a series of cuts that have lasted for six consecutive meetings. The statement issued by the bank indicated that annual consumer price inflation is approaching the top of...
The Reserve Bank of Australia's Board of Directors surprised markets at its meeting this morning, Tuesday, July 8, by keeping monetary policy unchanged, contrary to expectations. The Board kept interest rates at 3.85%, while expectations had been for a 25 basis point cut, bringing them to their lowest level since May 2023. The Bank's interest rate statement stated that inflation...
Crude oil prices stabilized at the start of the European session today, Monday, July 7, the opening session of the week, paring losses from the start of the Asian session after OPEC+ decided to increase production in August by more than expected. Some reports indicated that the actual increase in production was less than planned so far. Brent crude rose...
Japanese and Chinese markets recorded declines in most of their major indices at the close of trading on Monday, July 7, the opening session of the week, as concerns over tariffs returned to markets following US President Donald Trump's remarks on Sunday. Japanese markets were also affected by financial concerns ahead of the Senate elections. President Trump announced on Sunday...
Crude oil prices are trading down more than 1% at the start of trading today, Friday, July 4, the closing session of the week, after OPEC+ decided to advance its meeting by one day, in addition to statements from Iran supporting its commitment to the Nuclear Non-Proliferation Treaty and the resumption of nuclear talks with the United States. US crude...
European indices recorded collective declines at the opening of trading today, Friday, July 4th, the closing session of the week, with the absence of US markets celebrating Independence Day. Market fears are rising again regarding the approaching US tariff truce on July 9th, with no agreement reached with more than 100 countries. Trump announced that his administration would begin sending...
The three major US stock indices registered gains at the opening of trading today, Thursday, July 3, benefiting from better-than-expected US labor market figures. The S&P 500 hit a new record high amid anticipation of the passage of the tax and spending bill in the final session of the week, which coincides with the US Independence Day holiday tomorrow, Friday....
The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 147,000 jobs in June, compared to 139,000 in March, which was revised down from 144,000. This was better than market expectations of 110,000 jobs. Conversely, the unemployment rate fell 0.1% in June to 4.1%, confounding expectations of a rise to 4.3%....
Yellow metal prices stabilized at the start of European trading today, Thursday, July 3, with the US dollar stabilizing amid anticipation of US non-farm payroll figures following negative private sector figures on Wednesday. Gold is trading down about 0.05% at $3,352 per ounce, while silver is trading at $37.02 per ounce, up 1.18%. Unusually, markets are awaiting US non-farm payroll...