Canada's Consumer Price Index (CPI) grew by 1.7% year-over-year in April, according to figures released just a few moments ago, compared to 2.3% in March, below expectations. The core CPI, which excludes gasoline prices, rose to 2.9% year-over-year from 2.5%. On a monthly basis, the CPI fell by 0.1% in April after rising by 0.3% in March, matching expectations. This...
After rising for two consecutive sessions since the beginning of the week, crude oil prices recorded some declines in mid-European trading today, Tuesday, May 20, amid continued uncertainty stemming from the US-Iranian negotiations and the Ukrainian-Russian peace talks. Stock figures are awaiting further developments, with Brent crude falling by about 0.23%, trading at $65.39 per barrel, while US crude (NYMEX)...
The Reserve Bank of Australia's Board of Directors decided at its meeting this morning, Tuesday, May 20, to change its monetary policy, as expected, cutting interest rates by 25 basis points to 3.85%, its lowest level since May 2023. The bank's interest statement stated that inflation risks have become more balanced, but the outlook is uncertain and highly dependent on...
Cryptocurrencies are experiencing mass declines in mid-trading on Monday, May 19, the opening session of the week, with a decline in risk appetite in the markets after Moody's downgraded the United States' credit rating. Bitcoin, the world's most valuable digital currency, fell from its highest levels since January, having tested $107,000 at the beginning of the session, to trade at...
Most Asian markets closed lower on Monday, May 19, the opening session of the week. This was similar to the US stock market indices, which were affected by Moody's downgrade of the United States' credit rating. China was also affected by the disappointing figures announced this morning. Moody's announced at the end of last week that it had downgraded the...
Gold is heading for its biggest weekly loss in six months, with a 1.8% loss on Friday, the final day of the week. Demand for safe-haven assets, led by the yellow metal, continues to decline, coinciding with the easing of trade tensions following the interim agreement between Washington and Beijing earlier this week. Investors are taking profits after recent strong...
The Japanese economy recorded a 0.2% contraction in gross domestic product in the first quarter of this year, ending in March, its first contraction in a year, according to data released by the Japanese Cabinet Office this morning, Friday, during the Asian session. This contraction was below expectations, compared to a 0.6% growth in the fourth quarter of last year,...
The three major US stock indexes registered declines at the opening of trading today, Thursday, May 15. The S&P 500 index lost ground after three consecutive sessions of gains, coinciding with negative US economic data. Companies continue to report their first-quarter results. In economic data, data released by the US Census Bureau showed a rise in US retail sales in...
Data released just moments ago from the US Census Bureau showed a rise in US retail sales in April, exceeding market expectations. Sales rose to $724.1 billion, a 0.1% increase compared to March's reading of 1.4% (expected 0.0%), and a 5.2% year-over-year increase. Core sales, excluding auto prices, fell 0.1% in April, compared to a 0.5% increase in March. Sales...
Preliminary estimates from the UK Office for National Statistics showed that UK gross domestic product (GDP) grew by 0.2% month-on-month in March, compared to 0.5% growth in February. This was better than expected, with the services sector primarily benefiting from growth. On a quarterly basis, the UK economy grew by 0.7% in the first quarter of the year ending in...