The oil prices rally continued on Tuesday, with expectations for demand recovery in the summer with more countries easing lockdown measures against the coronavirus pandemic. More states in the U.S. plan to ease the remaining restrictions due to the increased rates of vaccination. Brent Crude futures for August delivery rose …

Gold prices declined on Tuesday, to close at their lowest level in about a month, as the U.S. Dollar (USD) continues to fluctuate with markets anticipating the outcomes of the Federal Reserve. Talks about possible tapering seem to be weighing on the yellow metal ahead of the Fed’s decision. Gold …

European stocks finished Tuesday at a new record high, with the chemicals and insurance stocks leading the gains. The STOXX Europe 600 index finished higher by 0.11% at 458.81 points. Today marked the eighth consecutive record-high closing level for the pan-European index, which gained about 15% since the beginning of …

The U.S. Housing Market Index declined this month to 81 from its reading of 83 in May, data by the National Association of Home Builders showed on Friday. The reading comes below market expectations of maintaining the same level of last month. The gauge of home sales for the coming …

Business inventories in the United States declined by 0.2% in April, official data showed on Tuesday. The reading follows a rise of 0.2% in March. On the annual level, inventories fell by 3.6%, according to the U.S. Department of Commerce. Retail inventories plunged by 1.8%, after decreasing by 1.4% in …

The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …

Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …

The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …

Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …

The European Union (EU) launched on Monday the sale of the first bond backing its massive COVID-19 recovery fund, Reuters reported. The aim is to provide the needed finances to member countries, providing aid in combating the pandemic. A 10-year bond represents the beginning of an expected EUR 800 billion …