Asian markets closed mixed at the end of trading on Tuesday, September 2nd. Japanese markets rose after days of decline, while Chinese markets declined amid a lack of economic indicators. Investors focused on the meeting of leaders of the Shanghai Cooperation Organization in Tianjin and the assessment of the US court's ruling on Friday that the tariffs imposed by US...
Gold is trading higher for the fifth consecutive session in mid-European trading today, Monday, September 1, the opening session of the week, trading at its highest level in four months, approaching the record set in April at $3,499 per ounce. Futures prices surpassed the previous record, setting a new high this morning at $3,552 per ounce, benefiting from expectations of...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose 0.4% to $112.34 billion in July, compared to a 0.3% increase in June. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred inflation measure, rose 0.5% to $108.9 billion, compared to a 0.3% increase in June. The PCE rose 2.6% year-over-year,...
For the third consecutive session, gold traded higher in mid-European trading today, Thursday, August 28, settling at $3,400, the highest level for the yellow metal in three weeks. Gold benefited from the decline in the US dollar, which has been hurt by expectations of a US interest rate cut, and from increased demand for safe havens amid threats to the...
The three major US stock indices were stable at the opening of trading today, Wednesday, August 27, with some variance after a positive close on Tuesday. Economic indicators were absent, as markets awaited results from artificial intelligence and chip giant Nvidia at the end of the day's session. The S&P 500 index traded mixed, with the technology sector losing 0.08%,...
Crude oil prices fell for the second consecutive session in mid-European trading today, Wednesday, August 27, as markets monitor developments related to the Russian-Ukrainian war and the assessment of tariffs imposed on India, the world's third-largest crude consumer, amid anticipation of today's official inventory report. Nymex crude fell by about 0.30%, trading at $63.06 a barrel, while Brent crude traded...
Figures released this morning, Wednesday, August 27, during the Asian session, by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose by 2.8% in July year-on-year, compared to 1.9% in June, while expectations were for a 2.3% increase. Conversely, core inflation, which excludes volatile items such as motor fuel, fruits and vegetables, and travel, rose by 3.2%...
New orders for durable goods fell $8.8 billion, or 2.8%, in July to $302.8 billion, according to a report released by the U.S. Census Bureau just moments ago. This compares favorably with market expectations of a 3.8% decline. Core orders, excluding transportation orders, rose 1.1% in July, compared to a 0.2% increase in June (expected 0.2%). In detail, new orders...
Gold is trading higher at the start of the European session on Tuesday, August 26, influenced by the US President's decision this morning to fire US Federal Reserve Governor Lisa Cook, which has raised market fears of exploitation by the US central bank. The yellow metal is trading up about 0.37% at $3,378 per ounce, after testing $3,386 at the...
Cryptocurrencies are recording some declines in mid-trading on Monday, August 25. Ethereum retreated from its all-time high reached in November 2021 at the end of last week's trading amid a wave of profit-taking, while Bitcoin is trading below $111,000 after losing more than $4,000 at the opening of the session. Cryptocurrencies had risen sharply at the end of last week's...