Daily Economic Reports

Key Takeaways Modest rebound: The Westpac-Melbourne Institute Consumer Sentiment Index climbed 3.5% in May to 83.0 from 80.1 in April. Recovering from sharp drop: May’s gain follows the previous month’s brutal 12.5% fall. Fuel relief helps: Australia’s temporary fuel excise cut helped lower petrol prices after the Hormuz-driven surge. Still …

Bitcoin fell to its lowest point in May, hovering near $77,000 after briefly dipping below $76,700. The drop was fueled by renewed geopolitical strains and rising U.S. Treasury yields, which unsettled global investors. – Over $255M in Bitcoin positions were liquidated in just 24 hours. – Total crypto liquidations reached …

US President Donald Trump has postponed a planned military strike on Iran after urgent appeals from Gulf leaders, opening a narrow window for diplomacy in a crisis that had appeared dangerously close to exploding into a wider regional war.Trump said leaders from Saudi Arabia, Qatar, and the United Arab Emirates …

Global financial markets are entering a more complex phase as expectations around US interest rates shift sharply. Investors who once anticipated policy easing are now reassessing the outlook, with growing speculation that borrowing costs could remain higher for longer—or even rise again.This change reflects increasing concern that inflation pressures are …

Japan’s currency authorities are locked in an increasingly costly struggle to defend the yen, as the dollar creeps back toward the 160-level that triggered emergency intervention just three weeks ago — raising fresh fears that Tokyo may be forced to act again.A Red Line CrossedWhen the dollar climbed above 160 …

Gold Stabilizes After Sharp Weekly DropGold prices steadied on Monday after a turbulent week that pushed the precious metal below the key $4,500 level for the first time in weeks. Spot gold traded near $4,541 per ounce, showing little daily movement, but the broader picture reflects growing pressure on the …

US stock markets opened the week under pressure as major indexes turned lower, with technology shares leading the decline. The broader market slipped around 0.7%, while tech-heavy stocks fell more sharply by about 1.2%. Industrial stocks also edged lower, reflecting a cautious mood across Wall Street.The pullback comes after recent …

US President Donald Trump is expected to officially swear in Kevin Warsh as the next chairman of the Federal Reserve during a White House ceremony on Friday, marking the beginning of a major shift in US monetary leadership.Warsh will replace current Federal Reserve Chairman Jerome Powell after receiving approval from …

Temporary Sanctions Relief Fails to Calm Middle East Tensions or Stop the Oil RallyFresh tensions are erupting inside the ongoing US-Iran negotiations after reports suggested Washington sees Tehran’s latest proposal as far from enough to secure a major breakthrough, fueling fears that diplomacy may be heading toward another dangerous dead …

Key Takeaways Futures advance: S&P 500 futures rose 0.3%, Nasdaq 100 futures climbed 0.6%, and Dow futures added 0.1%. Bond sell-off eases: Yields stabilized after last week’s surge, but inflation worries remain front and center. Friday’s rout: The Dow fell 1.1%, S&P 500 dropped 1.2%, and Nasdaq lost roughly 1.5% …