Economic Report

Gold rose for a third session on Thursday as investors weighed the formal end of the United States’ record 43-day government shutdown against lingering uncertainty about the economic outlook and the Federal Reserve’s next move. At 12:55 GMT, spot gold was up 1.1% to $4,242.09/oz, while December futures added 0.8% …

Bitcoin edged lower on Thursday, extending a subdued stretch as institutional demand remained tepid despite a modest improvement in global risk appetite following the end of the U.S. government shutdown. At 00:52 ET (05:52 GMT), Bitcoin fell 0.6% to $102,775, lagging a mild recovery across major altcoins. ETF flows stay …

President Trump signed a stopgap funding package late Wednesday, formally ending the longest U.S. government shutdown (43 days). The measure, passed by both chambers this week largely along party lines, funds most agencies through Jan. 30 and provides full-year appropriations for select departments. The Senate advanced the deal on Monday …

The UK economy barely expanded in the third quarter and slipped in September, sharpening the focus on Chancellor Rachel Reeves’ tax-tilted budget later this month and complicating the Bank of England’s year-end policy calculus. Headline prints Q3 GDP: +0.1% q/q (vs. +0.3% in Q2), signalling a loss of momentum into …

Most Asian equities advanced Wednesday, with Hong Kong leading on a sharp rebound in local technology names, while Japan’s Nikkei 225 struggled for traction as a steep drop in SoftBank Group offset cyclical strength. U.S. risk appetite provided a modest tailwind after cyclicals outperformed on Wall Street amid hopes the …

Global financial markets are holding a risk-on stance as investors anticipate a crucial vote in the US House of Representatives. The expected vote during the overnight session aims to pass a short-term funding solution to re-open the US government. This move is putting continued downward pressure on the US Dollar …

The Dow Jones Industrial Average notched a historic achievement on Wednesday, recording its first-ever close above the 48,000 level, extending gains from the previous session. The 30-stock index rose 326.86 points, or 0.68%, to settle at 48,254.82, while also hitting a fresh all-time intraday high. This milestone rally was largely …

America is on the cusp of ending the longest federal government shutdown in its history, as the House of Representatives prepares to vote this evening on a Senate-approved funding measure. After weeks of gridlock, the bill aims to reopen the government and restore full operations across federal agencies. However, the …

White House Senior Advisor Kevin Hassett offered a comprehensive outlook on the U.S. economy on Wednesday, touching upon Gross Domestic Product (GDP) forecasts, monetary policy, and the ongoing government shutdown. Hassett projected a modest GDP growth rate for the current quarter while noting significant progress in reducing the national deficit …

Gold continued its remarkable ascent on Wednesday, soaring to $4,189.27 per ounce, a gain of 1.52%, as investors sought safety and stability ahead of a critical vote in the U.S. Congress to end the nation’s record-long government shutdown. The surge underscores gold’s renewed appeal as both a safe-haven asset and …