Daily Economic Reports

Wall Street Ends Higher, Breaking a 3-Day Losing Streak Wall Street rallied to end higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Stocks closed higher on Wall Street as investors reviewed the latest round …

The Bank of Canada is expected to announce its first oversized interest-rate hike in more than two decades after hawkish comments from the country’s top monetary policymakers and central bankers and growing signals that the economy is overheating. On Wednesday, the Bank of Canada will announce its decision on monetary …

Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …

The United States economy is facing several threats, including the war in Ukraine, high prices, painful grocery bills, spiking gasoline prices, troubled supply chains, laggard recovery from the pandemic, and rising interest rates that some economists look upon as a cause of slowdown and a hindrance of growth.Biden’s White House …

Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …

The euro appeared to be on its way on Monday to end a seven-day losing streak against the dollar, as the European single currency rallied after French President Emmanuel Macron defeated far-right rival Marine Le Pen in the first round of the presidential election. Investors’ concern about the future trends …

Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …

The dollar index rose to 100 points for the first time in nearly two years on Friday, boosted by prospects of an acceleration in US interest rates. The dollar rose against a basket of rival currencies over the past month, especially against the euro, which has come under pressure due …

The gold price is stuck within familiar ranges, bouncing around between a daily resistance and support channel. However, like a coil, the build-up of energy and maintained force could be about to set off an almighty breakout, one way or the other. The Gold Index, XAU/USD, is trading at $1,934.09, …

The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell. The euro remained near a one-month low of less …