European indices recorded collective declines at the opening of trading today, Friday, July 4th, the closing session of the week, with the absence of US markets celebrating Independence Day. Market fears are rising again regarding the approaching US tariff truce on July 9th, with no agreement reached with more than 100 countries. Trump announced that his administration would begin sending...
The three major US stock indices registered gains at the opening of trading today, Thursday, July 3, benefiting from better-than-expected US labor market figures. The S&P 500 hit a new record high amid anticipation of the passage of the tax and spending bill in the final session of the week, which coincides with the US Independence Day holiday tomorrow, Friday....
The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 147,000 jobs in June, compared to 139,000 in March, which was revised down from 144,000. This was better than market expectations of 110,000 jobs. Conversely, the unemployment rate fell 0.1% in June to 4.1%, confounding expectations of a rise to 4.3%....
Yellow metal prices stabilized at the start of European trading today, Thursday, July 3, with the US dollar stabilizing amid anticipation of US non-farm payroll figures following negative private sector figures on Wednesday. Gold is trading down about 0.05% at $3,352 per ounce, while silver is trading at $37.02 per ounce, up 1.18%. Unusually, markets are awaiting US non-farm payroll...
The US private sector lost only about 33,000 jobs in June, according to figures released just moments ago by ADP, after adding about 37,000 jobs in May's revised reading, which was revised downward to 29,000 jobs, compared to expectations of 100,000 jobs. Private sector payrolls fell for the first time since March 2023, while wages rose by 4.4%. In detail,...
Crude prices rose at the start of European trading today, Wednesday, July 2, for the second consecutive session, ignoring market expectations of higher OPEC+ production in August. Amid anticipation of US inventory figures later today, Brent crude rose by about 1.63%, trading at $67.53 per barrel, while US crude (NYMEX) traded at $65.84 per barrel, up about 0.60%. The American...
Australian retail sales rose 0.2% month-on-month in May, according to data released Wednesday morning by the Australian Bureau of Statistics, to $37,293.0 million. This fell short of expectations for a 0.3% increase. The index rose 3.3% year-on-year compared to May last year, marking the slowest annual growth rate since November of last year. In detail, food retail sales fell by...
The yellow metal recorded gains of more than 1% in mid-trading on Tuesday, July 1, the first session of July and the third quarter of the year, after gains of 4.17% in the third quarter between April and June, maintaining its gains of more than 20% since the beginning of the year. Since the beginning of the week, gold has...
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 2% in June, up from 1.9% in May and in line with market expectations. The largest contribution to inflation in May came from the services sector, which rose at an annual rate of 3.3%, up...
The Federal Statistical Office (Destatis) recently reported that annual inflation in the eurozone's largest economy rose to 2% in June, according to a preliminary reading, compared to 2.1% in May. This reading was revised to 1.9%, matching expectations. On a monthly basis, the index remained flat in June, at 0.0%. The core index, which excludes food and energy prices, grew...