Daily Economic Reports

The economic landscape is shifting as evidence of cooling inflation becomes increasingly apparent. The June Personal Consumption Expenditures (PCE) Price Index report, a key metric closely watched by the Federal Reserve, is anticipated to reflect continued moderation in price growth. This positive trend, driven by factors such as declining gas …

Analysts predict that a second Donald Trump presidency after the election on November 5th would be generally negative for the oil market, albeit it would probably have a limited impact. Even while Trump seems to have a more pro-oil and gas agenda than a Democratic contender, it would take a …

The U.S. dollar continued to weaken on Thursday, with the Dollar Index, which measures the greenback against a basket of six other currencies, dropping 0.2% to 103.950 as of 05:25 ET (09:25 GMT). This decline extended the dollar’s losses from the previous session. Dollar Retreats Ahead of Key Economic Data …

The US housing market is undergoing significant transformations, with implications for the broader economy. A decline in foreign buyer activity, coupled with persistent inventory shortages and price fluctuations, is shaping the market’s trajectory. This article delves into recent data to explore these trends and their potential impact on the US …

Nasdaq has been taken by a storm. The tech-heavy Nasdaq Composite is going through a major direction change. On Wednesday, the Index saw its worst day since December 2022 as a perfect storm of worsening economic indicators and Megacap Tech companies’ disappointing reports sent shockwaves across the market. The Dow …

In an effort to reduce price pressure and depress economic conditions, the Bank of Canada has lowered its benchmark interest rate for the second time in a row. Weakening economic circumstances and lessening pricing pressures led the central bank to decide to cut its policy rate by a quarter of …

Bitcoin prices continued their downward trend on Wednesday, reflecting a broader week of losses. The decline is largely attributed to a weak risk appetite among traders, driven by growing uncertainty surrounding the U.S. political landscape. In the past 24 hours, Bitcoin fell by 1.7%, bringing its price down to $65,793.50 …

Stocks’ rally to record highs in 2024 has come to a pause as corporate earnings season begins to highlight the market’s true potential; Attention is now turning to the profits of the technology sector, especially the so-called “Great Seven”, the technology giants: Apple, Microsoft, Meta Platforms, Amazon, Tesla, Alphabet (the …

Donald Trump, the Republican presidential contender and former US president, has emerged as a new influential force in the financial markets in the recent past, and his chances of winning the US presidential election in 2024 are being closely watched. These prospects have grown recently due to certain developments that …

The critical metals market, the lifeblood of electric vehicles and modern electronics, is engulfed in a bitter competition for supremacy. Western mining companies are on one side, supporting techniques that are ethically and environmentally sound. China, an industrial giant with an unrelenting thirst for output and market dominance, is situated …