After sharp declines on Sunday and Monday, cryptocurrencies rebounded mid-trading on Tuesday, June 24, supported by increased risk appetite in the markets after the announcement of a ceasefire between Israel and Iran. Trading volumes rebounded, with Ethereum, Solana, and Ripple leading the top 10 cryptocurrency gains, with gains exceeding 7%. The US President announced in a social media post this...
Asian markets posted collective gains at the close of trading on Tuesday, June 24, with the Hang Seng index leading the Chinese markets with gains exceeding 2%, amid a lack of strong economic indicators in the Asian session. Japanese indices rose for the first time in four sessions, as the announcement of a ceasefire between Israel and the United States...
After gains exceeding 5% and trading at their highest levels since January at the start of the weekly trading session in the Asian session today, Monday, June 23, crude oil prices recorded declines in the middle of the European session, erasing all of their daily gains as investors assessed the ongoing conflict and attacks between Iran and Israel after the...
Data released moments ago at the start of the European session today, Thursday, May 22, showed divergences in most of the services and manufacturing PMIs in the Eurozone and the United Kingdom in the preliminary reading for June. The Eurozone services PMI rose to a two-month high of 50 points in June, compared to 49.7 points in May. Meanwhile, the...
Data released by Statistics Canada just moments ago showed retail sales rising 0.3% in April to $70.1 billion, following a 0.8% increase in March. Expectations were for a 0.4% increase, driven by higher sales in the motor vehicle and parts trade. Core retail sales, excluding gas stations, fuel retailers, and motor vehicle and parts trade, rose 0.1% in April. Sales...
Asian markets closed mixed at the close of trading on Friday, June 13, the closing session of the week. Japanese indices declined, while Chinese markets rose amid continued monitoring of the situation in the Middle East and the Iran-Israel conflict. The People's Bank of China, in its meeting this morning, Friday, left the key interest rates for one-year loans unchanged...
The Bank of England voted 6-3 to keep interest rates unchanged at 4.25%, as expected, at its meeting just moments ago, while three members favored a 25 basis point cut. The Bank's interest rate report stated that inflation had declined significantly over the past two years as previous external shocks receded. This, coupled with the long-term stability of inflation, allowed...
The Swiss National Bank (SNB) cut interest rates by 25 basis points to 0.0% at its meeting moments ago this morning, Thursday, June 19, as expected. This is the sixth consecutive cut, having begun in March of last year from 1.75%. The bank's interest rate statement stated that inflationary pressures have eased, with inflation declining since the last monetary policy...
Australia's unemployment rate stabilized at 4.1% in May, according to figures released by the Australian Bureau of Statistics (ABS) at the beginning of the Asian session today, Thursday, June 19. This was in line with expectations, while the labor force participation rate declined to 67.0% from 67.1% in April. The Australian economy lost approximately 2,500,000 jobs in May, bringing the...
The US Federal Reserve decided at its meeting, which concluded moments ago today, Wednesday, June 18, to keep interest rates unchanged at 4.5%, as expected, for the fourth consecutive meeting. The interest rate statement indicated increased uncertainty regarding the economic outlook. The bank's members lowered their forecasts for economic growth this year and raised their inflation forecasts. Members now see...