The main indices of the New York Stock Exchange (NYSE) rose in early Tuesday trade, after closing mostly lower in the first session of the week. Positive earnings reports and anticipation for passing a massive infrastructure spending bill by Congress are providing support for Wall Street, despite concerns about the …

The July reading of the U.S. Consumer Price Index (CPI) is set to be released on Wednesday, with expectations for another surge in the inflation rate. A recent survey by the Wall Street Journal expects that the reading of the CPI will register a monthly increase of 0.5% with core …

The main indices of the New York Stock Exchange (NYSE) finished mostly lower on Monday, amid concerns about the spread of the coronavirus Delta variant, with some countries returning to lockdown and preventive measures, casting shadows on the prospects for a strong global economic rebound. The Dow Jones Industrial Average …

Oil prices declined on Monday for the second consecutive session to reach their lowest level in about three weeks. The decline comes amid a rise by the U.S. Dollar (USD) and concerns over the spread of the Delta variant of the Coronavirus, with some Asian countries restoring lockdowns and other …

Gains by the U.S. Dollar (USD) pushed gold prices into a third consecutive decline on Monday, with the yellow metal opening the week on a lower note, amid a weakened demand for safe-haven assets and an improvement in investors’ sentiment. Gold front-month futures declined by $36.60, or 2.08%, and finished …

European stocks finished Monday at another record-high closing level with investors closely monitoring economic indicators and earnings reports. The STOXX Europe 600 index gained 0.71 points, or 0.15%, to close at an all-time high of 470.68 points. The pan-European index has maintained an upwards trend for six consecutive trading sessions, …

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that the Fed should begin tapering the massive asset purchases following two consecutive months of strong job creation. He believes moving from the current accommodative stance to a more normal policy should be faster than previously …

The U.S. Dollar (USD) extended gains on Monday, after data showed another surge in job openings in the United States, giving more positive signs of a recovery in the labor market. Data by the U.S. Department of Labor showed that the number of available jobs increased to 10.1 million in …

Bitcoin continued its rally on Monday, surging to its highest level in about three months. Recent news has reassured investors in crypto-assets and improved their appetite for digital currencies, allowing Bitcoin to recover some of its recent losses. The world’s largest cryptocurrency in terms of market capitalization is up for …

The U.S. Dollar (USD) surged on Friday, supported by the positive economic data that showed a surge in new jobs created within the U.S. economy during July and a decline in the unemployment rate that exceeded market expectations. The Dollar Index (DXY) that measures the greenback against a basket of …