Asian markets recorded near-unitary gains at the close of trading on Friday, August 22, the closing session of the week. They turned from red at the beginning of the session, influenced by negative closings on Wall Street, to positive before the close, with investors focusing on the Jackson Hole symposium and Jerome Powell's remarks regarding monetary policy and the future...
The three major US stock indices continued to record declines for the fifth consecutive session at the opening of trading today, Thursday, August 21, pressured by the technology sector. Five of the Magnificent 7 stocks, with the exception of Alphabet and Nvidia, are trading in the red, as investors await the Jackson Hole meeting and Jerome Powell's remarks on Friday....
After rising more than 1% during Wednesday's trading session, gold retreated mid-European trading on Thursday, August 21, losing more than 50% of its gains the day before, as the US dollar stabilized and a wave of profit-taking gripped the yellow metal amid anticipation of Jerome Powell's remarks at the annual Jackson Hole Symposium tomorrow, Friday. Gold is trading down about...
Data released at the beginning of the European session today, Thursday, August 21, showed divergent trends in most of the services and manufacturing Purchasing Managers' Indices (PMIs) in the Eurozone and the United Kingdom in the preliminary reading for August. The Eurozone services index slowed to a two-month low of 50.7 in August, compared to 51.0 points in the August...
Crude oil prices rose mid-day in European trading on Wednesday, August 20, following a decline in inventories, according to preliminary figures from the American Petroleum Institute. Amid anticipation of official figures from the Energy Information Administration on Wednesday, markets are monitoring the situation related to a ceasefire between Russia and Ukraine, with US President Donald Trump brokering a peace agreement...
The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.8% year-on-year in July, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, August 20, after rising 3.6% in June, exceeding market expectations of 3.7%. On a monthly basis, the CPI rose 0.1% in July, compared to a decline of approximately 0.2% in...
The Reserve Bank of New Zealand's (RBNZ) Monetary Policy Committee (MPC) voted to cut the official cash rate (OCR) by 25 basis points to 3% at its meeting this morning, Wednesday, August 20, as expected. This resumes the series of rate cuts that paused at the July meeting after six consecutive rate cuts. The RBNZ statement indicated that annual consumer...
Canada's Consumer Price Index (CPI) grew by 1.7% year-on-year in July, according to figures released just a few moments ago, down from June's 1.9%. The core CPI, which excludes gasoline prices, rose by 2.5% year-on-year. On a monthly basis, the index rose by 0.3% in July after growing by 0.1% in June, matching expectations. This stability in inflation comes after...
Gold is trading higher in mid-European trading today, Monday, August 18, the opening session of the week, recovering its opening losses and testing its lowest levels in two weeks, amid market anticipation of the upcoming meeting between US President Donald Trump, President Zelenskyy, and some European leaders to discuss a peace agreement with Russia. The yellow metal is trading up...
Asian markets closed with near-collective gains at the end of trading on Monday, August 18, the opening session of the week, as Japanese indices continued to record new record highs, with no economic figures in the opening session. Investors monitored developments in the Russian-Ukrainian crisis following Putin's meeting with Trump at the end of last week, and anticipated Trump's meeting...