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In May, US consumer sentiment staged a recovery, with the Conference Board’s Consumer Confidence Index rising to 98.0 from a revised 86.0 (previously 85.7), bouncing back from the prior month’s decline.The upswing in consumer morale was fueled by evolving views on current business and labor market conditions. The Present Situation …

U.S. stock index futures surged on Tuesday, rebounding from last week’s losses, after President Donald Trump announced a delay in imposing steep trade tariffs on the European Union. The move alleviated immediate fears of a transatlantic trade war and bolstered risk appetite across markets. At 06:20 ET (10:20 GMT), Dow …

Durable Goods Orders in the United States fell by 6.3% in April, or $19.9 billion, to $296.3 billion, according to data released Tuesday by the US Census Bureau. While this marks the largest monthly decline since April 2020, it was a smaller drop than the 7.9% contraction forecast by economists. …

Bitcoin edged lower on Tuesday, holding near record highs as traders shifted their focus to the upcoming Bitcoin 2025 Conference in Las Vegas. The world’s largest cryptocurrency slipped 0.6% to $108,962.20 as of 01:58 ET (05:58 GMT), consolidating after last week’s all-time peak near $112,000. Profit-taking and whale-driven sell-offs contributed …

European stock markets opened mixed on Tuesday, with defence stocks providing some support after U.S. President Donald Trump threatened new sanctions on Russia, while overall gains were capped by persistent caution over U.S. trade policy shifts. The STOXX 600 index held steady at 551.53 points as of 07:11 GMT, after …

Oil prices fell for a second consecutive session on Tuesday, as traders increasingly expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve a production increase at their upcoming meeting. Brent crude futures dropped 0.4% to $64.50 a barrel by 05:07 GMT, while U.S. West Texas …

Gold prices declined in Asian trading on Tuesday, extending recent losses after U.S. President Donald Trump’s decision to postpone steep tariffs on the European Union helped buoy global risk sentiment. Spot gold fell 0.5% to $3,326.53 an ounce, while gold futures for August dropped 1.2% to $3,353.09/oz by 01:30 ET …

Down -0.47%, trading at 3,342.47 per ounce, at the time of writing, gold prices experienced a modest pullback this week, a movement largely attributed to a temporary de-escalation of trade tensions and thin market activity. However, this dip appears to be a fleeting moment in a broader bullish narrative for …

Christine Lagarde, President of the European Central Bank (ECB), stated on Monday that “US policies are strengthening the euro’s international role.” However, she did not directly discuss the central bank’s interest rate decisions.Lagarde also noted that “global fragmentation and the shift away from multilateralism pose risks to the European economy, …

Persistent Decline Amid Tariff ConcernsFutures contracts for crude oil continued their decline from the start of Monday’s trading session, May 26, 2025, as renewed fears over customs tariffs and their potential negative impacts on the U.S. and global economies resurfaced, alongside waning consumer confidence.Relief in U.S.-EU Trade TalksDespite the downward …