Daily Economic Reports

Oil prices continued their downward trajectory in Asian trading on Monday, extending the sharp declines observed last week. Investors are closely watching the upcoming U.S.-Russia summit, while concerns about demand persist amid weak economic data from top oil importer China. Key Drivers of Oil Price Decline: U.S.-Russia Summit and Tariff …

Global financial markets faced a turbulent week from August 4-8, 2025, marked by a fragile rebound overshadowed by escalating trade tensions, mixed economic signals, and shifts in central bank policy. U.S. stocks staged a recovery, with the tech sector leading gains, while European and Asian equities showed resilience despite trade-related …

On August 15, 2025, a highly anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska could reshape global financial markets. With discussions centered on a possible ceasefire in the Ukraine conflict, the outcome of this summit has the potential to influence energy prices, stock indices, …

The Euro (EUR) maintained strength against the U.S. Dollar (USD) on Friday, August 8, 2025, with the EUR/USD pair trading at 1.1648, down slightly by 0.14% but holding close to the weekly high near 1.1700. The pair’s resilience comes as the dollar faces a weekly loss of over 1.84%, driven …

The Swiss Franc (CHF) gained slightly against the U.S. Dollar (USD) on Friday, with the USD/CHF pair rising to 0.8082, up 0.00163 CHF (+0.20%) at 10:58 PM EEST. The pair remained confined to a narrow range, reflecting cautious market sentiment as traders assessed the impact of new U.S. tariffs on …

Oil markets faced renewed pressure on Friday, August 8, 2025, with West Texas Intermediate (WTI) settling at $63.48 per barrel, down $0.33 (-0.52%), and Brent crude at $66.24, down $0.18 (-0.27%), as of 11:25 PM EEST. Both benchmarks have slumped over 5% this week, driven by U.S. tariffs targeting Indian …

Gold prices held steady at $3,396.55 per troy ounce on Friday, August 8, 2025, showing a marginal gain of $0.07 (0.00%) in a cautious trading session at 8:45 PM EEST. After touching a two-week high of $3,409.43 earlier in the day, the precious metal struggled to break the key $3,400 …

The GBP/USD pair remained steady at 1.3437 during Friday’s North American trading session on August 8, 2025, as the U.S. dollar staged a modest recovery. The Bank of England’s (BoE) decision to cut interest rates by 25 basis points on Thursday, in a closely contested 5-4 vote, has fueled market …

The U.S. economy is holding steady, with recent remarks from a Federal Reserve official highlighting resilience despite ongoing challenges. Financial institutions report reduced funding pressures and solid credit quality, signaling a stable economic foundation. However, businesses continue to grapple with a shortage of skilled labor, prompting cautious approaches to capital …

Canada’s labor market took an unexpected downturn in July, shedding 41,000 jobs and reversing much of the previous month’s solid gains. The data marks a troubling shift for the nation’s employment prospects and underscores growing challenges in the country’s economic recovery. Key Takeaways from the July Labor Market Report Job …