Oil prices fell to a three-week low on Tuesday, with both Brent and West Texas Intermediate (WTI) crude prices slipping as supply concerns eased, and expectations grew for an increase in production by the Organization of Petroleum Exporting Countries and allies (OPEC+). The drop in prices also came in light …

As global markets head into a holiday-shortened trading week in the U.S., several key developments are set to shape investor sentiment. The focus will be on the ongoing debate in the Senate regarding President Donald Trump’s signature tax-and-spending bill, crucial job market data due on Thursday, and Tesla’s upcoming second-quarter …

Bitcoin rose on Monday, alongside broader cryptocurrency markets, as risk appetite surged with optimism over potential U.S. trade deals and growing expectations of interest rate cuts by the Federal Reserve. The world’s largest cryptocurrency advanced by 1% to $108,358.7 by 01:10 ET (05:10 GMT), breaking out of the trading range …

Gold prices rebounded from a one-month low in Asian trade on Monday, buoyed by a weaker dollar and the easing of geopolitical tensions in the Middle East. While safe-haven demand for gold remained subdued due to optimism surrounding potential U.S. trade deals, the precious metal found some support. Spot Gold …

The U.S. dollar faced significant pressure on Monday, slipping against multiple major currencies, including the yen, euro, sterling, and Swiss franc. This was in part due to market optimism around U.S. trade deals and growing expectations for earlier interest rate cuts by the Federal Reserve. The dollar hovered near a …

Oil prices experienced a decline in Asian trade on Monday, with the easing of geopolitical tensions between Israel and Iran contributing to the reduction of a previously built-up risk premium. Furthermore, the anticipation of increased output from the OPEC+ group also put downward pressure on prices. Brent crude futures for …

The U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, showed a slight increase in May, indicating stable price gains despite ongoing concerns about the economic impact of sweeping U.S. tariffs. The headline PCE inflation for May rose by 0.1% on a month-on-month basis, matching the …

The upcoming release of the Personal Consumption Expenditures (PCE) Price Index data for May is expected to provide valuable insights into inflationary pressures and influence market expectations about the Federal Reserve’s interest rate policy. According to forecasts, the core PCE Price Index—considered the Fed’s preferred measure of inflation—will increase by …

The European Central Bank (ECB) is on track to meet its 2% inflation target, according to Vice President Luis de Guindos, who expressed confidence in the ECB’s monetary policy approach. In a statement to Spanish broadcaster Antena 3 on Friday, de Guindos reaffirmed the ECB’s commitment to bringing inflation to …

European stocks rose on Friday, buoyed by signs of de-escalating trade tensions between the United States and China, boosting optimism for further trade deals before the deadline for the U.S. tariff pause in July. The pan-European STOXX 600 index advanced by 0.6%, reaching 540.67 points as of 07:07 GMT, positioning …