The latest report from the US Bureau of Labor Statistics (BLS) reveals that the Consumer Price Index (CPI), a key measure of inflation in the United States, remained unchanged at 3.4% on a yearly basis for the month of April. This figure aligns precisely with market forecasts, indicating stability in …

Amazon Web Services (AWS) has revealed its ambitious plan to invest €7.8 billion ($8.4 billion) in Germany by 2040, aimed at establishing a dedicated cloud computing infrastructure tailored for Europe. This initiative underscores AWS’s commitment to expanding its presence in the region and addressing the growing demand for cloud services …

Boosted by Multiple FactorsOil prices climbed on Wednesday, propelled by a combination of factors including a weakening U.S. dollar, inventory declines, and optimistic inflation data. Brent crude futures surged by 0.5% to reach $82.77 a barrel, while U.S. West Texas Intermediate crude futures (WTI) also rose by 0.5% to $78.44 …

Record High for European StocksEurope’s benchmark index surged to a record high on Wednesday, propelled by optimistic earnings reports in the industrial and healthcare sectors. The pan-European STOXX 600 climbed 0.4%, building on its previous record close. Earnings BoostShares of credit data firm Experian soared 7.8% after announcing an optimistic …

Bitcoin’s DownturnBitcoin experienced a slight decline on Wednesday, failing to capitalize on a weakened dollar as traders adopted a cautious stance ahead of key U.S. consumer inflation data. The world’s largest cryptocurrency dipped by 0.9% to $61,974.9, signaling subdued market sentiment. Fed’s Cautionary RemarksBitcoin’s lackluster performance persisted despite the dollar’s …

Gold’s Resilience:Gold prices stabilized in Asian trading on Wednesday, benefiting from a weaker dollar as investors awaited key U.S. consumer inflation data. Federal Reserve Chair Jerome Powell’s remarks suggesting a pause in U.S. rate hikes contributed to the dollar’s decline, supporting gold’s overnight gains. Anticipation of CPI Data:Market focus shifted …

Amid anticipation of key U.S. consumer inflation figures, most Asian stocks saw slight gains on Wednesday, although Chinese markets faced a downturn following the imposition of heightened tariffs by the Biden administration. U.S. Inflation Data Anticipation:Wall Street’s resilience to a hotter-than-expected producer price index reading provided a positive backdrop for …

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core …

Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …

European stock markets saw a modest retreat on Tuesday as investors absorbed corporate earnings updates and awaited the release of the latest US inflation reports. At 03:15 ET (07:15 GMT), Germany’s DAX index traded 0.1% lower, and France’s CAC 40 slipped 0.1%, while the UK’s FTSE 100 gained 0.1%. Despite …