Oil prices rebounded for the second consecutive day on Thursday, driven by growing optimism that the Federal Reserve may cut interest rates as early as September. However, the potential for higher supply from OPEC+ and rising U.S. inventories kept the price gains in check. Brent crude futures rose 0.42% to …

German industrial orders unexpectedly contracted for the fourth consecutive month in April, primarily due to a significant decrease in large-scale orders compared to the previous month. This decline, however, was partially offset by a rise in orders excluding large-scale projects, suggesting potential signs of recovery in the sector. According to …

The euro gained slightly on Thursday as traders awaited the European Central Bank’s (ECB) policy decision, where a rate cut is widely anticipated. Meanwhile, the dollar weakened due to renewed expectations of Federal Reserve easing later this year. The Canadian dollar also saw a modest increase, recovering from earlier losses, …

Asian chipmaking stocks experienced a significant boost on Thursday, mirroring the overnight rally of market darling Nvidia. This surge was fueled by renewed optimism surrounding artificial intelligence (AI) and its potential to drive demand for semiconductors. Nvidia, the leading manufacturer of advanced AI chips, achieved a historic milestone, surpassing a …

U.S. private payrolls grew at a slower pace than expected in May, signaling a potential cooling in the labor market. According to ADP, companies added 152,000 workers during the month, falling short of economists’ forecasts of 173,000 and lower than the downwardly revised figure of 188,000 for April. This report …

China’s exports are expected to accelerate for the second consecutive month in May, driven by improving global demand and a favorable base of comparison. This positive development offers some comfort to officials grappling with various domestic challenges to sustain the nation’s uneven economic recovery. The trade data, scheduled for release …

Oil prices saw a modest rebound on Wednesday, even as the market anticipates an increase in supply later this year when OPEC+ begins to unwind its output cuts. U.S. jobs data and rising oil stocks also influenced trading. Brent crude futures experienced a 0.3% increase to $77.78 a barrel, while …

The U.S. dollar held steady on Wednesday, maintaining its position near a two-month low. This stability comes as investors await key U.S. economic data and a monetary policy meeting in Canada, which could trigger a series of interest rate cuts in major economies. Traders are keenly anticipating the release of …

The Eurozone economy experienced its fastest growth in a year during May, primarily driven by a flourishing service sector that outpaced the ongoing contraction in manufacturing. This positive trend, revealed in a private survey, also highlighted easing price pressures, potentially providing the European Central Bank (ECB) with room to maneuver …

European stock markets experienced a modest recovery on Wednesday, bouncing back from Tuesday’s losses, as investors eagerly awaited key regional activity data and the European Central Bank’s (ECB) latest policy meeting. The DAX index in Germany climbed 0.4%, the CAC 40 in France rose 0.5%, and the FTSE 100 in …