European stocks closed lower on Tuesday, after rising earlier in the session supported by positive remarks regarding the trade agreement between the United States and China. Officials from the world’s two largest economies reaffirmed their support for the trade deal. The STOXX Europe 600 index closed lower by 0.16%. The …

The British Pound (GBP) rose on Tuesday on the back of the US Dollar (USD) decline, despite a decline in the UK’s retail sales. The Sterling is up against the USD by 0.47% with the GBP/USD trading at 1.3124. Retailers in the UK have cut jobs at the highest rate …

New homes sales in the United States increased by 13.9% in July to a seasonally adjusted annual rate of 901,000 units, according to data by the U.S. Census Bureau. This is the highest level for new home sales in around 13.5 years, since December 2006, with the housing market showing …

Manufacturing activity continued to strengthen in August, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite index rose from 10 in July to 18 in August, with survey results suggesting that many Fifth District manufacturers saw increases in employment, wages, and the average workweek …

The Consumer Confidence Index in the United States decreased for the second consecutive month in August to 84.8 down from its July reading of 91.7, according to data by the Conference Board. Moreover, the Present Situation Index decreased sharply from 95.9 last month to 84.2. Meanwhile, the Expectations Index declined from …

The New York Stock Exchange (NYSE) finished Monday in green, with market indices closing Monday on big gains, supported by positive news about COVID-19 treatments and vaccines. The Dow Jones Industrial Average closed higher by 1.4% at 28,308. S&P 500 gained 1% and reached its 16th record closing level in …

Crude oil prices settled higher on Monday, after weather conditions in the Gulf of Mexico limited output volumes of oil and natural gas. Brent crude futures for October delivery rose by 78 cents and finished at $45.13 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures closed higher by 28 …

The Dollar Index (DXY) that measures that performance of the US Dollar (USD) against a basket of six major currencies. The DXY is up by 0.08% for the day at 93.33, after closing last week at 93.25. The index’s daily range has been between 92.84 and 93.34. In the absence …

Gold prices dropped on Monday to their lowest level in about a month, with a decreased demand for safe havens and a rise in risk appetite amid positive news on COVID-19 vaccine and treatment. The yellow metal futures for December delivery fell by $7.80, or 0.4%, and finished at $1,939.20 …

The Euro (EUR) is trading higher against the British Pound (GBP) on Monday. The EUR/GBP is up by 0.23% for the day, trading at 0.90311. Recent market forecasts expect the pair to maintain the 0.90 range until a trade deal between the United Kingdom (UK) and the European Union (EU) …