Cryptocurrencies recorded collective gains in mid-trading on Friday, July 18, the final session of the week, benefiting from the passage of three regulatory bills in the US House of Representatives. This brought the market capitalization of the cryptocurrency market to a record high of 4 trillion for the first time, with Dogecoin leading the gains of cryptocurrencies today. The US...
Asian markets closed mixed at the end of trading on Friday, July 18, the closing session of the week. Japanese indices declined as fears of a loss for the prime minister's coalition in Sunday's elections mounted. Chinese markets rose, and Australian stock markets reached a record high, coinciding with Wall Street's close at record levels. In economic data released this...
Data released just moments ago from the US Census Bureau showed a rise in US retail sales in June, exceeding market expectations. Sales rose to $720.1 billion, up 0.6% from May's reading, which declined 0.9% (expected 0.1%), and were up 3.9% year-over-year. Core sales, excluding autos, rose 0.5% in June, compared to a revised 0.2% decline in May. Non-store sales...
Gold is trading lower in mid-European trading today, Thursday, July 17, as market fears ease after the US President denied reports of the dismissal of Federal Reserve Chairman Jerome Powell. This supported the rise of the US dollar and the decline of the metal amid anticipation of US retail sales figures. The yellow metal is trading down about 0.60% at...
Australia's unemployment rate rose to its highest level in four years (November 2021) in June, reaching 4.3%, according to figures released by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday, July 17, after remaining stable at 4.1% in May and June. Expectations had indicated that it would also remain stable in July at...
The three major US stock indices registered gains at the opening of trading today, Wednesday, July 16, with the start of the earnings season and the release of quarterly results for companies and financial institutions for the second quarter of this year. Positive results from the banking sector supported the opening of the markets, with Goldman Sachs, Morgan Stanley, Citigroup,...
Crude oil prices fell at the start of European trading today, Wednesday, July 16, marking their third consecutive session of declines amid anticipation of official inventory figures from the US Energy Information Administration (EIA), ignoring expectations of a rise in demand after Chinese figures showed an increase in crude imports for the world's largest crude importer. US crude (NYMEX) fell...
The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.6% year-on-year in June, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, July 16, after rising 3.4% in May, exceeding market expectations of 3.4%. On a monthly basis, the CPI rose 0.3% in June, compared to a rise of approximately 0.1% in...
Data released just moments ago by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.3% in June after rising by about 0.1% in May, matching expectations. The core CPI, which excludes food and energy prices, rose 0.2%, compared to 0.1% in May, while expectations were for a 0.3% increase. Conversely,...
Gold is trading higher at the start of the European session today, Tuesday, July 15, as concerns about the trade war and tariffs rise. Fears of tariffs have also risen again after the US President announced his intention to impose 30% tariffs on the European Union and Mexico. Markets are awaiting US inflation figures this evening. The yellow metal is...