04/06/2025
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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30 May، 2025
Asian markets closed lower on Friday, May 30, the closing session for the week and for May. Japan's Nikkei index fell more than 450 points as Japanese government bond yields declined, but it maintained its weekly gains. Declining auto prices weighed on Chinese indices. Regarding economic data released this morning, figures released from Tokyo showed that core inflation, which excludes...
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30 May، 2025
Australian retail sales fell 0.1% month-on-month in April, according to data released Thursday morning by the Australian Bureau of Statistics, to $37,208.4 million. This fell short of expectations for a 0.3% increase, while the index rose 3.8% year-on-year. In detail, food retail trade fell by about 0.3% to $38.3 million in April, while clothing, footwear, and accessories trade declined by...
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29 May، 2025
The three major US stock indexes registered gains at the opening of trading today, Thursday, May 29, as risk appetite improved in the markets following a US court's decision to reject the tariff increase. The Nasdaq led the session's gains, gaining more than 1%, following Nvidia's better-than-expected first-quarter results. A panel of judges at the US Court of International Trade...
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