Daily Economic Reports

The US Dollar is gaining strength as markets anticipate the release of the highly influential Personal Consumption Expenditures (PCE) Price Index data. This report, scheduled for release on Friday, is the Federal Reserve’s (Fed) preferred measure of inflation and is expected to provide critical clues about the future of monetary …

The U.S. economy expanded more strongly than initially thought in the second quarter, but analysts warn that momentum is already cooling under the weight of tariffs and policy uncertainty. Stronger Q2 Growth on Imports and Spending The Commerce Department’s Bureau of Economic Analysis (BEA) revised second-quarter GDP growth up to …

The U.S. labor market showed surprising resilience last week as first-time jobless claims fell more than expected, while a stronger-than-initially-reported economic expansion in the second quarter added to signs of underlying growth momentum. Jobless Claims Beat Expectations For the week ending September 20, initial unemployment claims dropped to 218,000, down …

U.S. stock index futures traded around the flatline early Thursday as investors awaited weekly jobless claims and GDP figures for cues on the Federal Reserve’s next steps, while political gridlock in Washington fueled concerns of a potential government shutdown. At 05:55 ET (09:55 GMT): Dow Jones Futures rose 65 points, …

Gold prices steadied in Asian trading on Thursday, pausing after slipping from record highs as a stronger U.S. dollar and cautious signals from Federal Reserve officials curbed momentum. By 03:01 ET (07:01 GMT), spot gold rose 0.2% to $3,713.42 an ounce, while U.S. gold futures for December edged 0.1% higher …

Oil prices slipped slightly in Asian trade on Thursday, consolidating after a strong rally in the previous session, as traders weighed tighter U.S. supply signals against persistent geopolitical tensions surrounding Russia. At 01:23 GMT, Brent crude futures for November delivery fell 0.3% to $69.09 per barrel, while West Texas Intermediate …

Asian equities traded cautiously on Thursday, following two straight sessions of losses on Wall Street, as investors weighed stretched valuations in U.S. tech stocks and looked ahead to a packed U.S. economic calendar that could influence the Federal Reserve’s policy path. At 04:00 GMT, U.S. stock index futures edged slightly …

Gold prices have pulled back sharply, dipping from a daily high of 3,779.340 to around 3,732.985 in recent trading, marking a 0.83% decline. This retreat follows Federal Reserve Chair Jerome Powell’s recent emphasis on a cautious approach to rate cuts, which has bolstered the US dollar and tempered investor enthusiasm. …

The USD/JPY pair has climbed to 148.868, marking a fresh three-week high and gaining 0.83% on the day amid persistent US Dollar strength. This advance, pushing the pair from a previous close of 147.641 to a day’s range of 147.515 to 148.887, highlights a troubling trend: the Japanese Yen’s ongoing …

Oil prices soared to a seven-week high, climbing approximately 2% on Wednesday, driven by an unexpected decline in U.S. crude inventories and mounting supply disruptions in key oil-producing regions. Brent crude futures rose $1.64, or 2.4%, settling at $69.27 per barrel, while U.S. West Texas Intermediate (WTI) crude futures gained …