The three major US stock indexes recorded declines at the opening of trading today, Wednesday, May 21, marking the second consecutive session of decline. All sectors of the S&P 500 Index are trading in the red, with concerns about market uncertainty rising. Moody's downgrade of the world's largest economy continues to impact the outlook, leading long-term investors to reassess US...
Gold recorded gains for the third consecutive session in mid-European trading today, Wednesday, May 21, reclaiming the $3,300 level it lost more than a week ago. This was supported by the decline in the US dollar and increased demand for safe-haven currencies and assets, coinciding with the absence of economic indicators influencing gold movements since the beginning of the week....
The Consumer Price Index (CPI), a measure of inflation in the UK, rose to 3.5% year-on-year in April, according to data released by the Office for National Statistics (ONS) on Wednesday morning, May 21, compared to 2.6% in March. This exceeded expectations of 3.3%, marking the highest reading since February 2024. On a monthly basis, the CPI rose by 1.2%...
Canada's Consumer Price Index (CPI) grew by 1.7% year-over-year in April, according to figures released just a few moments ago, compared to 2.3% in March, below expectations. The core CPI, which excludes gasoline prices, rose to 2.9% year-over-year from 2.5%. On a monthly basis, the CPI fell by 0.1% in April after rising by 0.3% in March, matching expectations. This...
After rising for two consecutive sessions since the beginning of the week, crude oil prices recorded some declines in mid-European trading today, Tuesday, May 20, amid continued uncertainty stemming from the US-Iranian negotiations and the Ukrainian-Russian peace talks. Stock figures are awaiting further developments, with Brent crude falling by about 0.23%, trading at $65.39 per barrel, while US crude (NYMEX)...
The Reserve Bank of Australia's Board of Directors decided at its meeting this morning, Tuesday, May 20, to change its monetary policy, as expected, cutting interest rates by 25 basis points to 3.85%, its lowest level since May 2023. The bank's interest statement stated that inflation risks have become more balanced, but the outlook is uncertain and highly dependent on...
Cryptocurrencies are experiencing mass declines in mid-trading on Monday, May 19, the opening session of the week, with a decline in risk appetite in the markets after Moody's downgraded the United States' credit rating. Bitcoin, the world's most valuable digital currency, fell from its highest levels since January, having tested $107,000 at the beginning of the session, to trade at...
Most Asian markets closed lower on Monday, May 19, the opening session of the week. This was similar to the US stock market indices, which were affected by Moody's downgrade of the United States' credit rating. China was also affected by the disappointing figures announced this morning. Moody's announced at the end of last week that it had downgraded the...
Gold is heading for its biggest weekly loss in six months, with a 1.8% loss on Friday, the final day of the week. Demand for safe-haven assets, led by the yellow metal, continues to decline, coinciding with the easing of trade tensions following the interim agreement between Washington and Beijing earlier this week. Investors are taking profits after recent strong...
The Japanese economy recorded a 0.2% contraction in gross domestic product in the first quarter of this year, ending in March, its first contraction in a year, according to data released by the Japanese Cabinet Office this morning, Friday, during the Asian session. This contraction was below expectations, compared to a 0.6% growth in the fourth quarter of last year,...