Daily Economic Reports

European stock markets retreated slightly on Friday, as investors awaited crucial inflation data amidst ongoing uncertainty over future interest rate decisions. At 03:10 ET (07:10 GMT), Germany’s DAX index traded 0.2% lower, France’s CAC 40 slipped 0.1%, and the UK’s FTSE 100 dropped 0.1%. Anticipation Builds for Eurozone CPI Release …

Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials caused investors to reassess expectations of interest rate cuts, coupled with mixed economic data from China that heightened caution. Asian markets took a cue from Wall Street, where U.S. stock benchmarks closed lower after …

The number of Jobless Claims increased to almost 1.8 million for this week on Thursday’s data, and this is not exactly encouraging. Yet, the US Dollar Index is 0.32% up, above the 104.60 mark at the time of writing. Following a sharp decline, the dollar is maintaining modest gains on …

Most Asian stocks climbed on Thursday, buoyed by upbeat sentiment following record highs on Wall Street. The rally came despite looming regional challenges, including economic contractions in Japan and escalating trade tensions between the U.S. and China. The positive lead from Wall Street, driven by softer-than-expected consumer inflation data, overshadowed …

Wall Street closed Wednesday trading with a big win for risk appetite which managed to beat anxiety prevailed markets because of the second batch of US inflation data a day after the release of producer price data highlighted the rise in inflation to concerning levels that came above expectations. PPI …

Earlier during the North American trading session, gold price has significantly leapt reaching $2,390, its highest level in three weeks, with a gain of over 1%. The precious metal is trading at $2,388.78 per ounce at the time of writing, up +0.11%.This upward trend follows the release of data by …

Amid anticipation of key U.S. consumer inflation figures, most Asian stocks saw slight gains on Wednesday, although Chinese markets faced a downturn following the imposition of heightened tariffs by the Biden administration. U.S. Inflation Data Anticipation:Wall Street’s resilience to a hotter-than-expected producer price index reading provided a positive backdrop for …

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …

Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …

Asian markets treaded cautiously on Tuesday, with most stocks maintaining a narrow range as investors awaited key U.S. inflation data, while Chinese markets faced pressure as another major property developer defaulted on bond payments. Reflecting a lack of decisive movements on Wall Street, regional markets exhibited subdued activity as traders …