European stocks closed lower on Friday, finishing a week in which it showed a mixed performance. The Stoxx Europe 600 index closed down by 0.52% and closed at 368.80, limiting its weekly gains to around 1%. The UK’s FTSE100 fell by 0.61%, while the French index CAC40 finished lower by …

The German government is revising its economic growth forecast for 2020, expecting Germany’s gross domestic product (GDP) to contract by less than 6%, compared with previous estimates of a 6.3% contract, Reuters Reported. Europe’s largest economy contracted by 9.7% in the second quarter of 2020, due to the coronavirus (COVID-19) …

The University of Michigan’s Index of Consumer Sentiment improved in August to a reading of 74.1, up from 72.5 in July. The 2.2% monthly increase is accompanied by a 17.5% yearly decline, as the index remains way below its level in August 2019 at 89.8. The Current Economic Conditions index …

The Chicago Business Barometer declined to 51.2 in August, registering its second consecutive reading above the 50-mark, according to data by the Institute for Supply Management (ISM) – Chicago. Among the five main indicators, order backlogs was the only category to show a monthly decline, with supplier deliveries recorded the …

The New York Stock Exchange (NYSE) closed mixed on Thursday, after remarks by the US Federal Reserve suggested inflation could go above the 2% target. The Dow Jones Industrial Average rose by 0.57% to finish at 28,492.27 points. The S&P 500 index closed at another all-time high after rising by …

Natural-gas futures rose on Thursday to their highest level since November 2019, after the release of stockpiles data. Natural gas futures for September delivery rose by 12 cents, or 4.83%, and settled at $2.579 per million British thermal units (MBTU). This comes after data by the US Energy Information Administration …

The US Treasury yields rose on Thursday, following remarks by the Federal Reserve Chairman, Jerome Powell. Powell said that American monetary policy makers aim for an average annual inflation rate of 2% as the Fed revealed its policy review. Returns on the benchmark 10-year Treasury bonds rose by 5.8 basis …

Oil prices finished Thursday lower, after rising for three consecutive days on the back of a draw in US crude inventories and output disruptions in the Gulf of Mexico due to hurricane Laura. Brent crude futures for October delivery decreased by 55 cents, or 1.2%, and closed at $45.09 per …

The Canadian Dollar (CAD) rose against the US Dollar (USD) on Thursday to its highest level in around seven month. The USD/CAD pair is trading lower by 0.15% at 1.31249, after trading earlier as low as 1.3101, its lowest level since mid-January. The CAD gave up some of its earlier …

Gold prices finished Thursday lower, after remarks by the Chairman of the United States Federal Reserve, Jerome Powell, came in line with market expectations. Gold futures for December delivery closed lower by $19.90, or 1%, at $1,932.60 per ounce. The yellow metal has diminished most of its earlier gains, after …