The US dollar extended its gains, and heading towards its largest weekly gain in nearly four months as an overnight drop in US tech stocks, which rose significantly, fueled a bout of risk aversion in global markets. Nasdaq index decline, as it fell nearly 5% during the session after closing …

Japanese stocks closed lower, after a wave of selling in technology shares that rose a lot on Wall Street pushed the market to its biggest drop in nearly three months. However, Tokyo markets closed the week higher. The benchmark Nikkei index closed 1.1% down at 23,205.43 points, shy of its …

European stocks opened lower, as turmoil continued, fueled by technology stocks from the previous session, while banking stocks were supported by merger talks between two major banks in Spain. The pan-European STOXX 600 index fell 0.9% in early trade after having seen its worst session in more than a month …

Gold prices rose, as US Treasury bond yields and global stocks declined, which boosted demand for the precious metal, which is considered a safe haven ahead of job data in the non-agricultural sectors in the United States, but the strong dollar puts gold on a weekly decline path. In spot …

The Nikkei benchmark fell in early trading on the Tokyo Stock Exchange on Friday, September 4th. Nikkei fell 1.43% to 23130.32 points, while the broader TOPIX index fell 1.22% to 1611.33 points.

Wall Street’s main indexes closed sharply lower Thursday, September 3, marking the worst daily drop since June, as investors sold technology stocks that were making big gains, while economic data highlighted concerns about the length and difficulty of the recovery. The Dow Jones Industrial Average fell 807.77 points, or 2.78%, …

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Canada’s International Merchandise Trade Deficit widened to $2.5 billion in July from $1.6 billion in June, the data published by Statistics Canada revealed on Thursday. This reading came in largely in line with the market expectation. “Imports increased 12.7% in July, while exports rose 11.1%. The largest contributor to this growth for …

Unit Labor Costs in the nonfarm business sector rose by 9% on a yearly basis in the second quarter, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed a 12.2% increase in the first quarter and fell short of the market expectation of …

There were 881,000 Initial Claims for unemployment benefits in the US during the week ending August 29th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 1,011,000 (revised from 1,006,000) and came in slightly better than the market expectation …