Annual inflation in the euro area hit a new record after reaching 8.6% in June, in line with expectations, up from 8.1% recorded in May. The inflation rate rose on a monthly basis by 0.8%, also in line with expectations, and it also rose by the same rate in May. …

Japanese stocks extended gains on Tuesday, albeit with modest performance, as investors refrained from any big moves ahead of the Bank of Japan’s monetary policy meeting, despite diminishing expectations for a large interest rate cut in the US central bank. The Nikkei index started its trading, up 0.8 percent, to …

Turkey’s central government general budget showed a deficit of 31 billion liras ($1.77 billion) in June, according to Treasury and Finance Ministry data, with an initial deficit of 18.3 billion liras. In the first half of the year, the general budget recorded a surplus of 93.6 billion pounds. The primary …

The US Energy Information Administration expected in a report today, Monday, July 18, that oil production in the main shale basins in the United States would rise to the highest level since March 2020 next month. According to the report, US shale oil production may rise by 136 thousand barrels …

Oil prices jumped more than five dollars on Monday, boosted by a weak dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point at its next meeting to fight inflation. The global benchmark Brent crude contracts for September delivery ended the trading …

Bank of America on Monday reported mixed results for the second quarter of this year, as its profits fell as expenses related to regulatory issues rose, while revenue rose better than expected. The bank reported a 32% drop in earnings to $6.25 billion, or 73 cents a share, for the …

On Monday, July 18, Goldman Sachs reported earnings and revenue that beat analyst estimates, with fixed-income traders earning nearly $700 million more than expected. Second-quarter earnings fell 48 percent to $2.79 billion, or $7.73 per share, driven by lower industry-wide banking revenue. However, the results were more than a dollar …

The euro rose to a one-week high on Monday, benefiting from the dollar’s decline after many Federal Reserve officials indicated that they were not in favour of an increased rate of an interest rate hike. These comments, made late last week, pulled the dollar back from its two-decade high and …

Gold prices rose on Monday, with the dollar falling somewhat, while investors retreated from expectations that the US Federal Reserve will raise interest rates by 100 basis points at its next meeting. And the price of gold in spot transactions increased 0.7 percent to $ 1719.49 an ounce by 0724 …

Oil prices extended gains on Monday, July 18, supported by a weak dollar and tight supplies, which offset fears about a recession and the possibility that widespread shutdowns in China to combat Covid-19 will again reduce demand for fuel. Brent crude futures for September delivery settled at $103.76 a barrel …