Daily Economic Reports

Shell’s second-quarter net profit plunged by almost 32% on Thursday, impacted by a drop in oil prices, weaker gas trading results, and losses linked to an outage in its chemicals operations. However, despite these challenges, the oil major exceeded analysts’ expectations with a reported $4.26 billion in adjusted earnings, significantly …

Gold prices rebounded from one-month lows in Asian trade on Thursday, as escalating trade tariff concerns ahead of President Donald Trump’s looming deadline increased demand for safe-haven assets like gold. Gold Price Movements: Spot Gold rose 0.8% to $3,301.21 an ounce, marking a recovery after a recent dip. Gold Futures …

The Bank of Canada opted to keep its policy interest rate unchanged at 2.75% on Wednesday, July 30, 2025, aligning with market expectations as it navigates a landscape clouded by unpredictable U.S. trade policies. In a press conference following the decision, the central bank’s governor highlighted emerging inflationary pressures and …

The U.S. economy expanded at a 3% annualized rate in the second quarter of 2025, according to the Bureau of Economic Analysis’ (BEA) first estimate, released on Wednesday. This marks a significant rebound from the 0.5% contraction recorded in the first quarter and comes well above market expectations, which had …

The eurozone economy grew slightly faster than expected in the second quarter, but the overall performance remains weak, and the region faces continued challenges from escalating U.S. tariffs. Q2 Growth Beats Expectations but Remains Modest The eurozone economy expanded by 0.1% in the second quarter, surpassing expectations for no growth …

Gold prices remained largely stable on Wednesday as investors weighed ongoing U.S. trade uncertainty and awaited the Federal Reserve’s policy decision later in the day. Spot Gold edged down by 0.1% to $3,323.66 an ounce. Gold Futures also ticked 0.1% lower, trading at $3,378.62 per ounce by 02:18 ET (06:18 …

Oil prices remained steady in Asian trade on Wednesday, after sharp gains earlier this week, as market attention shifted toward a potential build in U.S. crude inventories and an upcoming interest rate decision by the Federal Reserve. Crude prices surged earlier this week, supported by U.S. threats to sanction Russian …

Crude oil prices soared on Tuesday, driven by heightened geopolitical tensions as the U.S. issued a bold ultimatum to Russia. The U.S. President announced a ten-day deadline for Russia to reach a deal with Ukraine, threatening severe economic sanctions, including steep tariffs on Russian crude oil and secondary penalties on …

Global trade negotiations are heating up as the United States and China race against a looming August 12 deadline to resolve tariff disputes, with the U.S. signaling flexibility but maintaining pressure for favorable deals. Following the latest round of talks, optimism persists that progress is being made, though concrete agreements …

The US dollar charged to new multi-week peaks on Tuesday, fueled by growing uncertainties in global trade and eager anticipation for the Federal Reserve’s upcoming interest rate decision. Investors are also eyeing the critical Nonfarm Payrolls report later this week, which could further shape market dynamics. As the dollar strengthens, …