Daily Economic Reports

The US House prepares to vote on President Donald Trump’s “One Big Beautiful Bill Act,” a sprawling tax and budget package set to add $3 trillion to $4 trillion to the $36 trillion US deficit over a decade. Despite internal Republican dissent, the bill’s hefty tax breaks and spending hikes …

The Dow Jones Industrial Average (DJIA) cratered 800 points on May 21, 2025, sliding below 42,000 as investors grappled with soaring US deficits and tariff uncertainties under President Donald Trump. Closing at 21.161, per real-time data, the index reflects growing unease over a $36 trillion debt pile and fading hopes …

Gold held firm above $3,300 per ounce on May 21, 2025, trading at $3,307, driven by a US debt downgrade and escalating Middle East tensions. The US Dollar Index (DXY) fell 0.52% to 99.49, battered by Moody’s downgrade and fears over President Donald Trump’s $3.8 trillion tax bill. Despite a …

The US economy faces a grim outlook despite a fleeting US-China trade truce, with deficits soaring and inflation stubbornly high as of May 21, 2025. A Reuters poll reveals unanimous concern over President Donald Trump’s policies, which threaten to deepen fiscal strain following Moody’s downgrade of US sovereign debt. Growth …

U.S. stock index futures extended their losses early Wednesday, reflecting mounting investor anxiety over the state of the U.S. economy, the implications of fresh trade frictions, and uncertainty surrounding President Donald Trump’s proposed tax legislation. At 05:30 ET (09:30 GMT), Dow Jones Futures dropped 265 points, or 0.2%, while S&P …

Bitcoin extended its rally on Wednesday, inching closer to its all-time high after the U.S. Senate made key progress on the GENIUS Act, a landmark piece of legislation designed to establish a federal regulatory framework for stablecoins. The leading cryptocurrency rose 1.4% to $107,595.50 as of 01:42 ET (05:42 GMT), …

European equity markets retreated slightly on Wednesday, as hopes for a near-term resolution to the war in Ukraine dimmed and U.K. inflation data came in hotter than expected, clouding the outlook for future rate cuts from the Bank of England. By 03:02 ET (07:02 GMT), the DAX index in Germany …

Gold prices advanced in Asian trade on Wednesday as geopolitical tensions surged following reports of a potential Israeli strike on Iran’s nuclear facilities. A weaker U.S. dollar and persistent concerns over fiscal and trade uncertainty also supported renewed safe-haven demand, helping gold recover part of last week’s losses. Spot gold …

Gold has demonstrated a remarkable rally, pushing towards multi-day highs near the $3,290 mark per troy ounce and re-establishing its role as a premier safe-haven asset. This surge comes amidst a confluence of factors, including a recent US credit downgrade, persistent geopolitical tensions, and shifting global monetary policy. Concurrently, West …

Interviewed by Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and member of the American Association of Technical Analysts, commented on the most prominent event in global markets: the downgrade of the United States’ credit rating. This downgrade, closely linked to rising U.S. debt levels, has raised numerous questions …