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Economic Report

Oil Shock Sends Markets Reeling as Iran War Fears Push Crude to Multi-Year Highs

Global oil markets erupted into fresh turmoil after reports emerged that Washington is reviewing new military options tied to the escalating Iran conflict, sending crude prices soaring to their highest levels since 2022 and reigniting fears of a global inflation shock.Brent crude briefly surged above $126 a barrel before retreating …

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Gold Edges Higher on Softer Dollar, but Upside Remains Limited

Gold Gold posted a modest rebound on Thursday, recovering after recent losses as the US Dollar US Dollar weakened. The metal climbed back above the $4,600 level, finding short-term support after dipping to a one-month low in the previous session.Currency Pressure Ignites DemandThe move higher was largely driven by the …

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Canadian Economy Stays Resilient: Manufacturing Powerhouse Drives Fourth Straight Month of Growth

Key Takeaways Steady momentum: Canada’s GDP rose 0.2% month-on-month in February, matching expectations and marking the fourth consecutive month of positive growth. Manufacturing the standout: The sector surged 1.8% — its strongest monthly performance since January 2023 — with broad-based gains across transportation equipment and automotive. Tariff resilience: Canada has …

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ECB Holds the Line as Iran War Stagflation Threat Looms: Lagarde Warns of Worsening Energy Shock

Key Takeaways Rates held at 2%: The ECB kept its key deposit rate unchanged, sticking with a “steady-hand approach” as expected. Stagflation warning: ING analysts highlighted “increasing stagflationary pressures” in the eurozone — a toxic mix of high inflation and stagnant growth. Oil and gas pain: The Iran war has …

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Trump on the Brink: Pentagon to Brief President on Strikes as Iran Deadlock Pushes War to Boiling Point

Key Takeaways Critical military briefing: Trump is set to receive a Pentagon briefing Thursday on potential renewed military action against Iran, signaling serious consideration of breaking the two-week deadlock. Wave of strikes on the table: CENTCOM Commander Admiral Brad Cooper will present plans for attacks likely including Iranian infrastructure targets. …

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Alphabet Crushes Expectations While the Rest of the Magnificent Seven Disappoint

The most anticipated earnings night of the season delivered a classic Wall Street split — one breathtaking blowout, a high-profile stumble, and a pair of solid reports that the market simply shrugged off.Google Steals the NightAlphabet emerged as the undisputed star of the evening, posting earnings per share of $5.11 …

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