UK retail sales rose 0.4% in March, compared to a revised 0.7% increase in February, down from a 1% increase. Expectations were for a 0.3% decline. On a quarterly basis, sales rose 1.6% in the first quarter ending in March. In detail, sales volumes in non-food stores, such as clothing and homeware, rose by 1.7%, with clothing sales leading the...
New orders for durable goods rose for the third consecutive month in March, registering the highest growth rate since August of last year, according to a report released just moments ago by the U.S. Census Bureau. Orders rose by $26.6 billion, or 9.2%, to $315.7 billion, compared to a 0.9% increase in February. This figure exceeded market expectations of a...
The yellow metal recovered most of its losses during Wednesday's trading session after recording its largest daily decline of 2021, regaining the $3,330 level in mid-European trading on Thursday, the 24th, benefiting from the decline in the US dollar amid market anticipation of US unemployment benefits figures and durable goods sales less than an hour later. Gold prices have become...
The German Ifo confidence index, which measures confidence in Germany, rose slightly in April. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 86.9 points, compared to March's reading of 86.7 points, while expectations were lower at 85.1. In detail, the current situation index rose to 86.4, compared to 85.7 in March, while...
Crude oil prices erased their gains from Tuesday, trading more than 2% lower in mid-session trading on Wednesday, April 23, affected by the desire of some OPEC+ countries to increase production. Inventories also rose slightly, with US crude (NYMEX) falling about 2.05% to trade at $62.25 a barrel, while Brent crude traded at $66.09 a barrel, down about 1.90%. A...
Cryptocurrencies are recording collective gains this morning, Wednesday, April 23, with renewed momentum, rising liquidity, and increased market value. Bitcoin, the world's most valuable cryptocurrency, reclaimed $93,000 after Trump eased market concerns about the independence of the US Federal Reserve, in addition to a sense of optimism in the markets due to the easing of trade tensions. The US President...
Data released moments ago at the start of the European session today, Wednesday, April 23, 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 April. The services PMI fell to its lowest level in five months, reaching 49.7 in April, compared to 51 points...
The Japanese yen is trading at its highest levels against the US dollar in seven months, at 140.50, mid-European trading today, Tuesday, April 22, after testing 139.88 this morning. This comes as a result of the continued decline in the US dollar and the uncertainty surrounding global markets, which has led to a rise in safe-haven currencies, with the Japanese...
US markets registered losses in the opening session of the week on Monday, April 21, amidst the absence of European markets, which were closed for the Easter holiday. The impact of the trade war and tariffs continued, along with rising market concerns about Trump's interference in the independence of the Federal Reserve, following the US president's statements last week. Trump...
Gold traded above $3,390 an ounce in mid-European trading on Monday, April 21, the opening session of the week, amid a European market absence for Easter. Gold hit a new high early in the week, benefiting from continued market uncertainty and a decline in the US dollar index as investors assessed the repercussions and risks of Trump's interference in the...