Daily Economic Reports

In the past two weeks, central bankers in central Europe have stepped up their hawkish policy messaging in an effort to dissuade investors from placing bets that they will soon start an easing cycle. Their message is beginning to find momentum. These policy cautions came amid a European market slump …

On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …

Initial Jobless Claims for April 1 increased to 228,000, above projections of 200,000, signaling a softening of the US labour market. Since Wall Street is expected to complete the week with gains, with the exception of the Dow Jones, which fell by 0.02%, the AUD/USD extends its losses to three …

The US Dollar Index has rebounded slightly after a two-day slide despite disappointing US data. The inflation component of the PMI survey, the Price Paid sub-index, edged lower to 69.5 from 65.6 in February. The Employment sub-index fell to 51.3 from 54. Economic activity in the US services sector expanded …

US stocks were mostly down during the US trading session, with tech stocks sinking more markedly, after another hiring report showed a slowdown in private-sector job growth and a separate print showed growth at US service providers also experienced a pullback.The S&P 500 moved down 0.5%, while the Dow Jones …

Gold prices recorded their highest levels since March 2022 on Wednesday, as they continued to rise after weak US economic data reinforced bets on slowing the pace of raising US interest rates. Spot gold rose 0.1% to $2,021.97 an ounce by 0925 GMT, while US gold futures settled at $2,038.70. …

As of this writing, the EUR/USD is fluctuating at 1.0954, ahead of the US Employment and ISM Services PMI data. An important drop in US job openings suggests that the US labour market is currently cooling. The recent increase in the price of oil may cause inflation in the Eurozone, …

The policy rate was maintained by the Reserve Bank of Australia at 3.60%. Inflation has reached its high, the labour market is still extremely tight, and additional tightening may be necessary, according to the RBA’s Statement.The Reserve Bank of Australia kept interest rates constant on Tuesday, thus the AUD/USD pair …

Gold price jumped above $2,020, reaching the highest level since March of last year. However, analysts and economists believe that the precious metal could correct lower if higher crude oil price sparks the existing inflation fears.Gold’s strength was by no means intuitive: after all, the significant rise in the oil …

On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …