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Following the American Petroleum Institute’s (API) unexpectedly high data on US crude stocks, Prices of Brent crude oil futures are essentially unchanged trading at $85.63 per barrel on Wednesday. Spot Brent is trading up 0.17%, at $86.077 per barrel. WTI futures are trading at $81.170 per barrel, up 0.24%. Spot …

European stock markets opened flat on Wednesday, maintaining their unprecedented high level from the previous session, as investors anticipated upcoming economic data releases. Here are the key highlights from the morning trading session: STOXX 600 Holds Near Record High The European STOXX 600 index settled at 511.07 points, remaining close …

Japanese stocks closed higher on Wednesday, driven by a combination of factors including a weaker yen and increased demand for dividend-yielding stocks. Exporters Benefit from Weaker Yen The Nikkei index surged 0.9 percent to 40,762.73 points, supported by a decline in the yen to its lowest level since the mid-1990s. …

The dollar strengthened on Wednesday following robust US economic data, driving the Japanese yen to a 34-year low against the greenback. Here are the key developments impacting currency markets: The Japanese yen traded at 151.97 to the dollar during the Asian session, marking a 34-year low. This decline prompted concerns …

Gold prices experienced a slight decline on Wednesday, largely driven by the strengthening of the US dollar. However, the precious metal traded within a narrow range as investors awaited further guidance from the US Federal Reserve. Here are the key highlights from today’s movements in the gold market: Gold Slips …

Oil prices experienced a second consecutive day of decline on Wednesday, as concerns over increasing crude inventories in the United States and uncertainties regarding production policy among major producers weighed on market sentiment. Here are the key highlights from today’s oil market movements: Brent crude futures for May delivery fell …

Donald Trump’s social media platform, known as Truth Social soared on its first day of trading. The stock soared by roughly 50% after hitting the Nasdaq exchange under the ticker symbol DJT, but then dipped by the closing bell. The stock ultimately ended the day at $57.99, translating to a …

The US Dollar Index bounced back from Monday’s losses, climbing back around 104.30. Key events to watch on Wednesday, March 27, include the Mortgage Applications report from the Mortgage Bankers Association (MBA) and a speech by Federal Open Market Committee (FOMC) member Christopher Waller.CurrenciesThe EUR/USD pair traded in a narrow …

Thirteen businesses and two individuals are under investigation by the US Treasury Department for allegedly assisting Russia in avoiding sanctions by using virtual money and technological services. Fintech, namely financial technology, companies that collaborated with Russian banks under sanctions to enable transactions and provide virtual currency solutions are the focus …

The February orders for durable goods performed better than anticipated. Data on housing revealed some decline. This week’s focus will be on the release of PCE figures for February on Friday. Tuesday’s trading saw gains in the US dollar Index, slightly higher against its rival currencies, circling around 104.20. The …