Daily Economic Reports

The U.K. economy unexpectedly remained in contraction in October, extending a weak run of monthly activity as businesses and households paused decisions ahead of Chancellor Rachel Reeves’ Autumn budget. Gross domestic product fell 0.1% month-on-month in October, matching September’s decline and missing forecasts for a modest 0.1% increase, according to …

Oil prices fell sharply on Thursday as the market grappled with mounting concerns over abundant global supply, sending crude to its lowest level in nearly two months. West Texas Intermediate (WTI) for January delivery dropped 1.4%, while gasoline futures slid 1.2%, with gasoline prices sinking to their weakest point in …

Silver is regaining momentum in global markets, supported by a sharp drop in Chinese inventories and a renewed surge in investment interest. With supply tightening and demand rising, the metal appears poised to reclaim its role as a key safe-haven asset during a period marked by heightened global economic uncertainty.Recent …

The US dollar slipped to its lowest level in nearly six weeks on Thursday, following the Federal Reserve’s widely anticipated decision to cut interest rates by 25 basis points. Markets had already priced in more than a 95% chance of the move, yet its ripple effects were clearly felt across …

U.S. stocks delivered a mixed performance on Thursday as investors navigated a blend of new economic data and corporate earnings that fueled both optimism and caution. The S&P 500 slipped about 0.3%, while the tech-heavy Nasdaq 100 fell more than 1%, marking its lowest level in a week. In contrast, …

Gold prices remained steady on Thursday, regaining some of the losses seen earlier in the week as the US Dollar weakened. Investors are carefully assessing the economic landscape and the Federal Reserve’s recent actions, weighing the potential for future gains against ongoing uncertainties. At the same time, gold continues to …

Shares of Oracle tumbled after its latest quarterly earnings slightly missed expectations, raising fresh concerns about the returns from its aggressive push into artificial intelligence.Oracle reported $16.1 billion in revenue for the three months ending in November, just below analyst forecasts. While overall revenue grew 14% and its AI-focused cloud …

U.S. initial jobless claims climbed more than expected last week, breaking from the prior week’s sharp drop to a three-year low and offering a slightly softer signal on labor market momentum ahead of the next Federal Reserve decision window. First-time applications for state unemployment benefits rose to 236,000 in the …

The International Energy Agency (IEA) has revised its medium-term oil outlook, projecting a slightly tighter market in 2026 than previously anticipated, as stronger demand collides with a softer pace of supply growth. In its latest monthly report, the Paris-based agency lifted its global oil demand forecasts for both 2025 and …

Oil prices rose in Asian trading on Thursday after the United States seized a sanctioned oil tanker near Venezuela, raising concerns about potential supply disruptions, while a drop in U.S. crude inventories added further support. As of 21:38 ET (02:38 GMT): Brent (Feb) rose 0.4% to $62.44 per barrel WTI …