Economic Report

Key Takeaways Direct military exchange: The U.S. struck targets near Bandar Abbas; Iran’s IRGC retaliated by hitting a U.S. military base in Kuwait. Kuwait defends against attacks: Kuwaiti authorities confirmed defending against drone and missile strikes. U.S. downs Iranian drones: Reuters reported the U.S. military shot down four Iranian attack …

Key Takeaways Futures ease: S&P 500 futures fell 0.2% to 7,525.20, Nasdaq 100 futures dropped 0.5% to 29,890.75, and Dow futures ticked down 0.1% to 50,703.0. Record session overnight: All three major indexes hit all-time closing highs after Iranian state media reported a draft Hormuz framework was being discussed. Fresh …

Key Takeaways Gold falls: Spot gold dropped 0.4% to $4,438.92 per ounce, while gold futures eased 0.3% to $4,467.57. Range-bound for 10 days: Spot prices have been trapped between $4,400 and $4,600 per ounce since mid-May. Silver and platinum retreat: Spot silver fell 0.9% to $73.9595/oz, while spot platinum dropped …

Key Takeaways Crude rockets higher: Brent surged 3.8% to $97.83 per barrel, while WTI jumped 4% to $92.26 — recouping a bulk of this week’s sharp losses. Iran hits U.S. airbase: Iran’s Revolutionary Guard confirmed strikes on a U.S. airbase in Kuwait in retaliation for American attacks on Bandar Abbas. …

Key Takeaways Asian stock markets retreated on Thursday as fresh U.S. military strikes on Iran dampened recent investor optimism over a near-term peace agreement, while traders turned cautious ahead of key U.S. inflation data later in the day. Wall Street’s major indexes closed at all-time highs overnight on hopes of …

Progress toward a potential agreement between the United States and Iran slowed after both sides became increasingly divided over issues tied to Tehran’s nuclear program and demands for sanctions relief.The slowdown follows days of growing optimism that negotiations were moving closer to a breakthrough that could help ease regional tensions …

Global markets are preparing for one of the most important weeks of the month as investors closely monitor key US economic data, inflation figures and major corporate earnings reports. Despite a shortened trading week in the United States due to the Memorial Day holiday, financial markets are expected to see …

The European Union is preparing a new wave of trade measures targeting Chinese imports as tensions between Brussels and Beijing continue to escalate. European officials are expected to discuss emergency economic tools designed to protect local industries from what the bloc describes as unfair competition and industrial overcapacity coming from …

Brent and WTI crude slide several percent as geopolitical tensions ease and traders price in potential supply stability.Global oil prices fell sharply as renewed optimism over US–Iran negotiations sparked expectations of easing geopolitical tensions in the Middle East. The potential progress toward a diplomatic understanding has reduced fears of supply …

Gold prices jumped sharply at the start of the week as investors reacted to growing optimism surrounding a possible US-Iran agreement that could reduce tensions in the Middle East and reopen the Strait of Hormuz. Spot Gold climbed more than 1% to trade near the $4,570 level after renewed diplomatic …