New home sales in the United States declined by 18.2% in February to 775,000, compared with their level in January, data by the U.S. Census Bureau showed on Tuesday. On an annual level, new home sales rose by 8.2% last month, compared with their level in February 2020. Data further …

The main indices of the New York Stock Exchange (NYSE) opened Tuesday on a lower note, with the market anticipating new signals from upcoming remarks from the Chairman of the U.S. Federal Reserve, Jerome Powell, and Treasury Secretary Janet Yellen. Remarks are set to discuss the prospects of inflation and …

The President of the United States, Joe Biden, is set to discuss with his aides the administration’s spending plans for infrastructure, climate change, and job creation, Reuters reported. Combined, these plans could cost around $4 trillion, which are expected to financed through tax increases. Biden “is considering a range of …

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said that the United States economy is close to completing the recovery despite the lingering of some risk factors. “Vaccines are rolling out, and case rates and hospitalizations are falling. Excess savings and fiscal stimulus should help fund pent-up demand …

Oil prices registered marginal gains on Monday, opening the week with a positive performance following last week’s sharp losses, which were the worst in about five months. Expectations for economic recovery provided support to crude prices, but concerns about demand recovery and reintroducing lockdown measures in Europe had a negative …

Gold prices declined on Monday, due to lower investors’ demand on the yellow metal. Despite the relative decline in the U.S. Treasury bond yields, which remain near their highest level in a year, a positive performance by stock markets reduced demand for safe havens. Gold futures for April delivery closed …

Cryptocurrencies are speculative assets and an unstable store of value, said the Chairman of the United States Federal Reserve, Jerome Powell, on Monday, noting that the Fed is not in a hurry to introduce its own digital currency, CNBC reported. “They’re highly volatile and therefore not really useful stores of …

European stocks rose on Monday, supported by the continuous upward trend by the auto sector. After declining earlier in the session, the pan-European STOXX 600 finished higher by 0.19%, recovering from its losses earlier in the session. Meanwhile, the German index DAX gained 0.25%, while the UK’s FTSE100 rose by …

The U.S. Dollar (USD) is showing a negative performance against its major rivals on Monday, but its biggest decline is against the Swiss Franc (CHF), which is the best performer of the day among the G10 currencies. The USD/CHF pair nearing its lowest level of last week. The pair, which …

The Euro (EUR) is rising against the U.S. Dollar (USD) on Monday, starting the week with a positive performance amid the decline of the USD, which in the absence of major economic data remains impacted by the movement in Treasury bond yields. The benchmark U.S. 10-year Treasury bond yield is …