10/03/2026
5 June، 2025
The European Central Bank decided, at its meeting moments ago today, Thursday, June 5, to cut interest rates by 25 basis points, as expected, to 2.15%, marking the seventh consecutive cut. The bank also announced updated forecasts for growth and inflation. The bank's interest rate statement stated that inflation is approaching the bank's target of 2% over the medium term....
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4 June، 2025
The Bank of Canada kept its interest rate at 2.75%, as expected, for the second consecutive meeting at its recently concluded meeting. The bank noted that despite the reduction in various tariffs since the April monetary policy report and the ongoing trade negotiations, tariffs remain significantly higher than at the beginning of the year, the threat of new trade measures...
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4 June، 2025
The US private sector added only about 37,000 jobs in May, according to figures released just moments ago by ADP, after adding about 62,000 jobs in April's reading, which was revised down to 60,000. Expectations were for an addition of 111,000 jobs, bringing the employment rate in May to its lowest level since March 2023. Wage growth remained unchanged in...
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4 June، 2025
The Australian economy recorded GDP growth in the first quarter ending in March, according to Australian Bureau of Statistics (ABS) estimates released Wednesday morning. This growth was estimated at 1.3% year-on-year, unchanged from the fourth quarter of last year, falling short of market expectations of a 1.5% increase. The economy expanded by 0.2% quarter-on-quarter in the first quarter, compared to...
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3 June، 2025
Eurostat, the statistical office of the European Union, released preliminary estimates just a few moments ago showing that annual inflation in the eurozone rose to 1.9% in May, down from April's 2.2% and below expectations of 2.0%. The largest contribution to inflation in May came from the food, alcohol, and tobacco sector, which rose at an annual rate of 3.3%,...
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3 June، 2025
Asian markets closed lower on Tuesday, June 3, with Japanese indices posting declines, weighed down by a decline in Japanese government bond yields, while the Hang Seng Index led gains in Chinese markets. Bank of Japan Governor Ueda indicated in his remarks to parliament this morning that the central bank will raise interest rates after being convinced that economic and...
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2 June، 2025
The US Institute for Supply Management (ISM) manufacturing survey showed growth in economic activity in the manufacturing sector fell below market expectations in May, declining for the third consecutive month to 48.5, down 0.2 points from April's reading of 48.7 and below market expectations of a rise to 49.3. In detail, the new orders index contracted for the fourth consecutive...
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2 June، 2025
Gold rose more than 1.5% in mid-day trading on Monday, June 2, benefiting from a decline in risk appetite in markets caused by rising geopolitical tensions and tariffs, as well as a decline in the US dollar. Gold is trading up approximately 1.78% at $3,347 per ounce, while silver is trading at $33.25 per ounce, up 0.86%. Safe-haven currencies and...
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2 June، 2025
Crude oil prices rose more than 2% at the start of trading in the European session today, Monday, June 2, the opening session of the week, after OPEC+ decided to increase production less than expected over the weekend. This supported crude oil markets, in addition to rising geopolitical tensions related to Ukraine and Iran. Brent crude rose by about 2.18%,...
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30 May، 2025
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $210.1 billion in April, up 0.8% from 0.5% in March. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred inflation measure, rose by 0.2% to $47.8 billion, compared to March's reading of 0.7%. The PCE rose by 2.1% year-over-year, compared...
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