Daily Economic Reports

Oil prices advanced in Asian trading on Wednesday, extending gains for a second consecutive session as the U.S. confirmed the start of formal trade negotiations with China this week. Expectations of tighter domestic crude supplies also supported prices, following warnings from major U.S. shale producers about planned production cuts. As …

As the Federal Reserve gears up for concluding its May 6-7, 2025, policy meeting on Wednesday, markets are bracing for another rate hold at 4.25%-4.50%, with only a 3.2% chance of a cut. President Donald Trump’s aggressive tariff policies, including planned pharmaceutical duties, are casting a long shadow, raising fears …

Canadian Prime Minister Mark Carney and US President Donald Trump locked horns in a tense White House summit on May 6, 2025, as trade disputes and Trump’s provocative rhetoric took center stage. Carney, rebuffing Trump’s repeated calls to make Canada the “51st US state,” declared his nation “not for sale,” …

The USD/CHF pair is faltering, slipping below 0.9100 on Tuesday, May 6, 2025, as the US Dollar wilts under pressure from President Donald Trump’s trade policies and a looming Federal Reserve decision. Switzerland’s flat inflation and growing expectations for a Swiss National Bank (SNB) rate cut are bolstering the Franc, …

European equity markets traded in a cautious manner on Tuesday, with investors grappling with renewed trade uncertainty, a packed central bank calendar, and ongoing corporate earnings releases. As of 03:15 ET (07:15 GMT), Germany’s DAX slipped 0.1%, while France’s CAC 40 was flat. The U.K.’s FTSE 100 gained 0.4%, rebounding …

Gold prices extended strong gains in Asian trading on Tuesday, as a renewed wave of U.S. tariff announcements underpinned safe-haven demand for the metal, while investors remained on edge ahead of the Federal Reserve’s policy decision later in the day. Spot gold rose 1% to $3,366.95 per ounce by 02:16 …

Bitcoin prices edged lower on Tuesday, continuing to trade within a narrow range as market participants remained cautious amid renewed concerns over U.S. trade tariffs and signs of a potential economic slowdown. The world’s largest cryptocurrency fell 0.4% to $94,375.7 as of 01:32 ET (05:32 GMT), extending its rangebound performance …

Oil prices rose on Tuesday, recovering slightly from sharp losses in the previous session as traders took advantage of lower prices and returning Chinese markets supported buying sentiment. Brent crude rose $0.92 to $61.15 a barrel by 03:09 GMT. WTI crude gained $0.89 to $58.02 a barrel. Key Drivers: Monday’s …

The US is gearing up for a flurry of trade deals, with Commerce Secretary Howard Lutnick signaling imminent agreements on May 5, 2025, though details remain elusive. President Donald Trump’s administration is pressing for open markets worldwide, but complex negotiations, particularly with Canada, are clouding the outlook. As markets grapple …

President Donald Trump’s erratic trade signals are rattling global markets, sending shockwaves through currencies and equities as investors grapple with uncertainty. Mixed US and European economic data, released on May 5, 2025, have only deepened the volatility, with trade tensions poised to dictate price action. As Federal Reserve Chair Jerome …