Figures released this morning, Wednesday, April 30, during the Asian session, from the Australian Institute of Statistics (ABS) showed that consumer price inflation rose by 2.4% year-on-year in March, matching February's reading. Expectations were for a 2.3% increase, remaining at its lowest level in four years. The core index, which excludes sharp changes in consumer goods and services prices, grew...
Crude oil prices fell by more than 1% in mid-European trading today, Tuesday, April 29. This is the second consecutive session of declines, after losing nearly 1.5% in the opening session of the week yesterday, Monday. This comes amidst the lack of clarity regarding trade negotiations, ongoing tensions, and investors lowering their expectations for oil demand growth amid anticipation of...
The three major US stock indices recorded mixed results at the close of trading on Monday, April 29. After fluctuations during the session, ranging from positive to negative, the Dow Jones Industrial Average closed with gains, while the technology sector index, the Nasdaq, closed with slight losses. Markets awaited corporate and financial results, led by tech giants. With no economic...
Bank of Japan and US Labor Market Figures: Key Events This Week Inflation from Australia, the Eurozone, and the United States Have tariffs begun to affect US growth figures? Miscellaneous Economic Data After a week that saw a decline in tensions and uncertainty following optimistic statements from US President Trump, who has become the dominant force in the general markets,...
The US Dollar Index is poised to post weekly gains after four consecutive weeks of declines, trading at 99.40 just hours before the weekly close on Friday, April 25, up 0.85%. Markets overcame Trump's threats to exploit the US Federal Reserve and fire Jerome Powell, as well as the easing of tariff concerns, ignoring the figures released just moments ago...
Asian markets recorded gains at the close of trading on Friday, April 25, in the closing session of the week, supported by Wall Street's gains for the third consecutive session. The gains were supported by the technology sector following better-than-expected results from Alphabet, software company ServiceNow, and its artificial intelligence-powered products, in addition to statements from US Federal Reserve members...
UK retail sales rose 0.4% in March, compared to a revised 0.7% increase in February, down from a 1% increase. Expectations were for a 0.3% decline. On a quarterly basis, sales rose 1.6% in the first quarter ending in March. In detail, sales volumes in non-food stores, such as clothing and homeware, rose by 1.7%, with clothing sales leading the...
New orders for durable goods rose for the third consecutive month in March, registering the highest growth rate since August of last year, according to a report released just moments ago by the U.S. Census Bureau. Orders rose by $26.6 billion, or 9.2%, to $315.7 billion, compared to a 0.9% increase in February. This figure exceeded market expectations of a...
The yellow metal recovered most of its losses during Wednesday's trading session after recording its largest daily decline of 2021, regaining the $3,330 level in mid-European trading on Thursday, the 24th, benefiting from the decline in the US dollar amid market anticipation of US unemployment benefits figures and durable goods sales less than an hour later. Gold prices have become...
The German Ifo confidence index, which measures confidence in Germany, rose slightly in April. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 86.9 points, compared to March's reading of 86.7 points, while expectations were lower at 85.1. In detail, the current situation index rose to 86.4, compared to 85.7 in March, while...