Economic Report

Oil prices were relatively stable on Wednesday following three consecutive days of losses, with a boost from a U.S.-Japan trade agreement that raised optimism for global trade. Price Movements and Market Sentiment As of 0907 GMT, Brent crude futures were down 12 cents, or 0.2%, to $68.47 per barrel, while …

Bitcoin traded slightly higher on Wednesday, continuing its recent consolidation phase after surging to record highs earlier this month. The world’s largest cryptocurrency rose by 0.5%, reaching $118,582.7 as of 02:10 ET (06:10 GMT). Bitcoin’s Rangebound Trading Amid Broader Market Sentiment Bitcoin has been trading within a narrow range since …

European shares climbed on Wednesday, buoyed by renewed optimism for a potential trade deal between the U.S. and the European Union (EU) following U.S. President Donald Trump’s recent trade agreement with Japan. The broad rally was led by the automotive sector, which saw significant gains in light of favorable trade …

Gold prices experienced a slight pullback on Wednesday, retreating marginally from the strong gains seen earlier this week. The dip was influenced by the announcement of a trade deal between the U.S. and Japan, which helped boost risk appetite and dampened the demand for safe-haven assets like gold. At 01:20 …

Copper prices ignited global markets, soaring to a new all-time high as traders braced for a looming 50% U.S. tariff set to hit next month. The most active September copper futures on the U.S. market surged 1.6% to $5.732 per pound, marking a historic peak, while London contracts climbed 0.8% …

U.S. stock markets delivered a dynamite performance, navigating a whirlwind of corporate earnings and trade developments with mixed results. The Dow Jones Industrial Average climbed 0.44%, bucking the trend, while the S&P 500 hovered near flat, and the Nasdaq Composite dipped 0.28%. Investors grappled with General Motors’ tariff-driven profit slump …

The US Dollar weakened further on Tuesday, July 22, 2025, dropping to two-week lows around 97.30 as risk sentiment improved despite ongoing trade uncertainties and heightened Trump-Powell tensions. This shift raises a key question—will these dynamics continue to shape currency and commodity movements into Wednesday, July 23? Here’s what to …

US President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, predicting Powell’s departure from the central bank within eight months. Speaking at a White House meeting with Philippine President Ferdinand Marcos Jr. on July 22, 2025, Trump called for lower interest rates and questioned the Fed’s …

On Tuesday, July 22, 2025, US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell during a meeting with Philippines President Bongbong Marcos, blaming high interest rates for housing market struggles. This latest outburst follows weeks of the White House openly challenging the Fed’s political independence, as …

Gold (XAU/USD) is climbing on Tuesday, July 22, 2025, breaking the $3,400 mark with a near 1% gain by 2:57 PM EEST, driven by escalating trade disputes and doubts over the Federal Reserve’s autonomy. This rally sparks a key question—can gold maintain its upward trajectory, or will competing assets cap …