Japanese and Chinese markets recorded gains in most of their major indices, with the exception of the Hang Seng Index, at the close of trading today, Monday, June 30, the opening session of the week and the closing session of June. This followed the gains of US indices, which reached record levels at the end of trading last Friday, with...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income fell by $109.6 billion in May, a 0.4% decline from a revised 0.7% increase in April. The personal consumption expenditures (PCE) index, the Federal Reserve's preferred measure of inflation, fell by 0.1%, or $29.3 billion, from a revised 0.2% increase in April. The...
The yellow metal recorded declines of more than 1% in mid-trading on Friday, June 27, the closing session of the week, trading at its lowest level in three weeks. It is heading for its second consecutive weekly loss of more than 2.5%, affected by declining demand for safe-haven assets and an increase in investor risk appetite following a decline in...
Asian markets witnessed mixed results at the close of trading on Friday, June 27, the closing session of the week. Japanese indices rose, with the Nikkei index recording its highest closing level since January and its best weekly performance since September of last year. Chinese markets declined after figures showed a decline in profits for Chinese industrial companies. Figures released...
The three major US stock indexes recorded gains at the opening of trading today, Thursday, June 26, benefiting from increased risk appetite, easing concerns about the conflict in the Middle East, and rising expectations of a deeper US interest rate cut after reports indicated that US President Trump may nominate a new Federal Reserve chair. Both the S&P 500 and...
New orders for durable goods rose $48.3 billion, or 16.4%, to $343.6 billion in May, according to a report released by the U.S. Census Bureau just moments ago. This figure exceeded market expectations of an 8.6% increase. Core orders, excluding transportation orders, rose 0.5% in May, compared to a 0.2% increase in April (expectations were 0.1%). In detail, new orders...
The yellow metal recorded gains at the start of European trading today, Thursday, June 26, rising for the second consecutive session, supported by declines in the US dollar after reports indicated that President Trump is considering replacing Powell. This led to a rise in safe-haven currencies and assets, led by gold, which is trading up about 1.45% at $3,345 per...
Crude oil prices stabilized mid-European trading on Wednesday, June 25, after sharp declines of more than 8% earlier in the week following the announcement of a ceasefire between Israel and Iran, the return of calm, and a decline in energy sector concerns. Crude oil prices stabilized at their lowest levels since June 10. The truce and Trump's statements that China...
Figures released this morning, Wednesday, June 25, during the Asian session, from the Australian Institute of Statistics (ABS), showed that consumer price inflation rose by 2.1% in May year-on-year, compared to 2.4% in April. Expectations were for a 2.3% increase, while the index recorded a 0.4% monthly growth. The core index, which excludes sharp changes in consumer goods and services...
Canada's Consumer Price Index (CPI) grew by 1.7% year-on-year in May, according to figures released just a few moments ago, matching April's reading. The core CPI, which excludes gasoline prices, rose to 2.7% year-on-year, up from 2.9% in April. On a monthly basis, the index rose by 0.6% in May after declining by 0.1% in March, exceeding market expectations of...