Data released moments ago at the start of the European session today, Thursday, July 24, showed improvements in most services and manufacturing Purchasing Managers' Indices (PMIs) in the eurozone and the United Kingdom in the preliminary reading for July. The Eurozone Services PMI rose to a six-month high of 51.2 in May, compared to a revised 50.5 in June (expectations:...
Crude oil prices fell for the fourth consecutive session at the start of European trading today, Wednesday, July 23, after absorbing the trade agreement between Japan and the United States, amid anticipation of official inventory figures from the US Energy Information Administration. US crude (NYMEX) fell by approximately 0.78%, trading at $64.80 per barrel, while Brent crude traded at $68.10...
Asian markets posted collective gains at the close of trading on Wednesday, July 23, as concerns over tariffs eased after the United States announced an agreement with Japan, Indonesia, and the Philippines. Japan's Nikkei index recorded its highest daily closing level since July of last year, supported by gains in the auto sector and ignoring reports that Japanese Prime Minister...
Major US stock indices are trading mixed at the opening of trading today, Tuesday, July 22, as companies continue to announce their quarterly results and anticipate US trade talks as the August 1 deadline for an agreement approaches. The S&P 500 and Nasdaq hit new record highs yesterday, Monday, with no US economic indicators during today's session, except for statements...
Gold is trading higher by more than 1% at the start of the US session today, Monday, July 21, the opening session of the week, affected by the decline in the US dollar amid monitoring of developments in tariffs as the deadline approaches and the absence of economic figures during today's session. The yellow metal is trading up by about...
The Japanese yen rose more than 100 points against the US dollar after opening higher at 147.90 at the opening of the weekly markets on Monday, July 21. This was affected by the government and ruling coalition losing their upper house majority in Sunday's elections, which increased investor anxiety and tension regarding the Bank of Japan's political and financial outlook,...
Asian markets closed higher at the end of trading on Monday, July 21, the opening session of the week. Chinese indices closed with collective gains after the People's Bank of China decided to maintain interest rates, while Japanese markets were closed for Navy Day. The People's Bank of China maintained the one-year lending rate at 3% and the five-year lending...
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...