Asian markets closed mixed at the close of trading on Friday, May 23, the closing session of the week, following Wall Street. Japanese indices rose as Japanese government bond yields fell during the session, while Chinese indices recorded declines at the close amid a lack of economic indicators from China. Regarding economic data released this morning, figures from Japan showed...
Cryptocurrencies are recording collective gains in mid-trading on Thursday, May 22, as Bitcoin, the world's most expensive cryptocurrency, rose for the fifth consecutive session, hitting a new record high of $111,000. This coincided with rising optimism over the passage of the US Digital Currency Regulatory Act and increased institutional demand for the currency, which supported the rise in the market...
Crude oil prices fell more than 1.5% in mid-trading on Thursday, May 22, affected by reports indicating that OPEC+ is discussing increasing production, raising concerns about oversupply. Meanwhile, inventory figures showed a surprise increase, with US crude (NYMEX) falling about 1.59% to trade at $60.59 a barrel, while Brent crude traded at $63.90 a barrel, down about 1.56%. A report...
Data released moments ago at the start of the European session today, Thursday, May 22, showed divergences in most of the services and manufacturing Purchasing Managers' Indexes (PMIs) in the Eurozone and the United Kingdom in the preliminary reading for May. The Eurozone services index continued to decline, reaching a 16-month low of 48.9 in May, compared to 50.1 in...
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...