Economic Report

Crude Prices Bounce BackOn July 28, 2025, oil prices surged, with West Texas Intermediate (WTI, CL=F) climbing 2.38% to $66.71 per barrel and Brent crude (UKOIL) rising 1.82% to $69.53, up $1.24 from its previous close of $68.29. Brent traded within a daily range of $67.56 to $69.66, signaling a …

The US stock market kicked off a busy week with a dynamite wave of second-quarter earnings reports, as 87 companies unveiled their financial results. Despite economic uncertainties, including tariff pressures and inflation concerns, companies like Alerus Financial, Alliance Resource Partners, Ameris Bancorp, Amkor Technology, and Bank of Hawaii delivered solid …

Pound Gains Ground on EuroOn July 29, 2025, the British pound strengthened against the euro, with the EUR/GBP pair dropping to 0.8677, down 0.7% from its previous close of 0.8738. The pair fluctuated between a daily high of 0.8757 and a low of 0.8665, reflecting market jitters over a new …

Euro Faces Sharp DeclineOn July 28, 2025, the euro slumped against the US dollar, with the EUR/USD pair dropping 1.3% to 1.1590 from its previous close of 1.1749. The currency hit a daily high of 1.1770 before falling to a low of 1.1585, reflecting market unease over a newly signed …

A Fourth Day of Losses for GoldGold prices slid for the fourth consecutive day on July 28, 2025, dropping 0.68% to $3,314.45 per troy ounce, down from a daily high of $3,345.52 and a previous close of $3,337.07. The decline reflects a resurgent US dollar, bolstered by a landmark US-EU …

A Breakthrough Trade Deal Sparks Optimism The US dollar has gained significant ground against the Swiss Franc, fueled by a landmark trade agreement between the United States and the European Union, finalized on July 27, 2025. This deal, struck during a meeting between US President Donald Trump and European Commission …

A Week of Trade Talks and Market MomentumThis week, global markets buzzed with optimism as President Donald Trump’s trade negotiations took center stage, sparking debates about their potential to reshape America’s economic landscape. On July 28, 2025, U.S. and Chinese officials convened in Sweden to hammer out trade details, just …

European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to markets, helping to avoid the imposition of higher tariffs ahead of the August 1 deadline. The agreement boosted sentiment in key sectors, particularly pharmaceuticals and semiconductors. Market Movement The pan-European STOXX 600 index …

Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as optimism surrounding a new U.S.–EU trade deal curbed demand for the safe-haven asset and boosted overall market sentiment. Gold Price Movements Spot Gold edged up 0.1% to $3,340.25 an ounce, while Gold Futures gained 0.1% …

Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment surrounding the recent U.S.-EU trade agreement. Despite this recovery, Bitcoin remained range-bound as traders awaited key developments this week, including the U.S. Federal Reserve’s meeting and the U.S. crypto policy report due on July 30. Bitcoin’s …