The three major US stock indexes recorded gains at the opening of trading today, Thursday, June 26, benefiting from increased risk appetite, easing concerns about the conflict in the Middle East, and rising expectations of a deeper US interest rate cut after reports indicated that US President Trump may nominate a new Federal Reserve chair. Both the S&P 500 and...
New orders for durable goods rose $48.3 billion, or 16.4%, to $343.6 billion in May, according to a report released by the U.S. Census Bureau just moments ago. This figure exceeded market expectations of an 8.6% increase. Core orders, excluding transportation orders, rose 0.5% in May, compared to a 0.2% increase in April (expectations were 0.1%). In detail, new orders...
The yellow metal recorded gains at the start of European trading today, Thursday, June 26, rising for the second consecutive session, supported by declines in the US dollar after reports indicated that President Trump is considering replacing Powell. This led to a rise in safe-haven currencies and assets, led by gold, which is trading up about 1.45% at $3,345 per...
Crude oil prices stabilized mid-European trading on Wednesday, June 25, after sharp declines of more than 8% earlier in the week following the announcement of a ceasefire between Israel and Iran, the return of calm, and a decline in energy sector concerns. Crude oil prices stabilized at their lowest levels since June 10. The truce and Trump's statements that China...
Figures released this morning, Wednesday, June 25, during the Asian session, from the Australian Institute of Statistics (ABS), showed that consumer price inflation rose by 2.1% in May year-on-year, compared to 2.4% in April. Expectations were for a 2.3% increase, while the index recorded a 0.4% monthly growth. The core index, which excludes sharp changes in consumer goods and services...
Canada's Consumer Price Index (CPI) grew by 1.7% year-on-year in May, according to figures released just a few moments ago, matching April's reading. The core CPI, which excludes gasoline prices, rose to 2.7% year-on-year, up from 2.9% in April. On a monthly basis, the index rose by 0.6% in May after declining by 0.1% in March, exceeding market expectations of...
After sharp declines on Sunday and Monday, cryptocurrencies rebounded mid-trading on Tuesday, June 24, supported by increased risk appetite in the markets after the announcement of a ceasefire between Israel and Iran. Trading volumes rebounded, with Ethereum, Solana, and Ripple leading the top 10 cryptocurrency gains, with gains exceeding 7%. The US President announced in a social media post this...
Asian markets posted collective gains at the close of trading on Tuesday, June 24, with the Hang Seng index leading the Chinese markets with gains exceeding 2%, amid a lack of strong economic indicators in the Asian session. Japanese indices rose for the first time in four sessions, as the announcement of a ceasefire between Israel and the United States...
After gains exceeding 5% and trading at their highest levels since January at the start of the weekly trading session in the Asian session today, Monday, June 23, crude oil prices recorded declines in the middle of the European session, erasing all of their daily gains as investors assessed the ongoing conflict and attacks between Iran and Israel after the...
Data released moments ago at the start of the European session today, Thursday, May 22, showed divergences in most of the services and manufacturing PMIs in the Eurozone and the United Kingdom in the preliminary reading for June. The Eurozone services PMI rose to a two-month high of 50 points in June, compared to 49.7 points in May. Meanwhile, the...