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Economic Report

Wall Street Under Pressure as Tech Selloff Deepens and Data Clouds the Outlook

U.S. equities retreated sharply as a renewed wave of selling swept through technology stocks, dragging all major indexes into negative territory. The Nasdaq, S&P 500, and Dow Jones Industrial Average fell decisively, with the Dow shedding roughly 500 points in a single session. The move marked a clear reversal after …

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Euro Rebounds as Dollar Loses Some Momentum Ahead of Key Inflation Test

The euro regained ground against the US dollar on Thursday, ending a brief two-day decline as the greenback struggled to build momentum despite relatively solid economic data from the United States. Currency markets moved cautiously, reflecting a broader sense of hesitation among investors waiting for clearer signals on the direction …

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U.S. Jobless Claims Dip Modestly, Reinforcing Signs of a Stabilizing Labor Market

The number of Americans filing new applications for unemployment benefits fell slightly last week, offering further evidence that the U.S. labor market is stabilizing after a period of softness, though some underlying weakness remains. Initial claims for state unemployment benefits declined by 5,000 to a seasonally adjusted 227,000 in the …

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U.S. Stock Futures Rebound as Investors Turn to Earnings and Inflation Data

U.S. stock futures moved higher on Thursday, rebounding from the previous session’s pullback as investors refocused on a fresh round of corporate earnings and awaited key inflation data that could shape expectations for Federal Reserve policy. By 05:50 ET (10:50 GMT), Dow Jones futures were up 155 points, or 0.3%, …

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European Stocks Climb on Earnings Deluge as U.K. Growth Stalls and Oil Rises on Middle East Risks

European equities moved higher on Thursday, supported by a heavy slate of corporate earnings and fresh economic data from the U.K., while rising oil prices added to market momentum amid renewed geopolitical tensions in the Middle East. By 03:10 ET (08:10 GMT), Germany’s DAX advanced 1%, France’s CAC 40 jumped …

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Bitcoin Holds Near $67,000 as Strong U.S. Jobs Data Curtails Fed Cut Hopes

Bitcoin traded largely flat near the $67,000 mark during Asian hours on Thursday, as investors digested stronger-than-expected U.S. employment data that reduced expectations for near-term Federal Reserve interest rate cuts. The world’s largest cryptocurrency was last up 0.4% at $67,102.8, remaining capped below the key $70,000 level. Trading activity was …

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Asian Stocks Advance as South Korea Hits Record High on AI Chip Rally, Japan Pauses Near Peak

Most Asian stock markets edged higher on Thursday, led by a sharp rally in South Korea where shares surged to record highs on strong gains in chipmakers. Japanese equities, meanwhile, traded flat after touching a fresh all-time peak above the 58,000 mark, as optimism surrounding the so-called “Takaichi trade” began …

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