Economic Report

Crude prices surged in Asian trade Friday after reports that a Ukrainian drone strike damaged infrastructure at Novorossiysk, a key Russian Black Sea export hub, adding a fresh supply-risk premium just as markets brace for new U.S. sanctions on Moscow’s largest oil firms. At 03:03 GMT, Brent January futures rose …

Switzerland is ramping up its diplomatic and business efforts in Washington to tackle the crushing 39% U.S. tariffs on its exports—the steepest in Europe. After initial attempts by Swiss officials to sway President Trump failed, a November visit by Swiss business leaders appears to have shifted the conversation.Swiss ministers in …

Wall Street tumbled sharply on Thursday, with major U.S. indexes pulling back from recent record highs as investor caution resurfaced following the end of the historic six-week government shutdown. The Dow Jones Industrial Average fell nearly 700 points, retreating below 48,000, while the S&P 500 slipped 1.7%, and the Nasdaq …

The first half of November 2025 offered investors a striking contrast: one week defined by panic and heavy losses, the next by cautious recovery and sectoral rotation. Together, they tell a story of a market wrestling with the promise—and the peril—of artificial intelligence.Week One: The AI Sell-OffIn the opening days …

Federal Reserve Bank of Minneapolis President Neel Kashkari has cautioned that U.S. inflation remains uncomfortably high, despite early signs of moderation across some parts of the economy. Speaking at the Opportunity & Inclusive Growth Institute’s Research Conference on Thursday, Kashkari said that while price pressures have eased compared with the …

With the U.S. government officially reopening after the House voted to end the longest shutdown in the nation’s history, economists are urging the Department of Labor to immediately prioritize the release of November’s employment and inflation data. The move is seen as crucial to give the Federal Reserve the up-to-date …

The British pound strengthened on Thursday, reaching its highest level in two weeks as global markets reacted positively to the reopening of the U.S. government. The end of the budget standoff in Washington restored a sense of stability after weeks of uncertainty, boosting investor confidence and easing fears of wider …

Gold rose for a third session on Thursday as investors weighed the formal end of the United States’ record 43-day government shutdown against lingering uncertainty about the economic outlook and the Federal Reserve’s next move. At 12:55 GMT, spot gold was up 1.1% to $4,242.09/oz, while December futures added 0.8% …

Bitcoin edged lower on Thursday, extending a subdued stretch as institutional demand remained tepid despite a modest improvement in global risk appetite following the end of the U.S. government shutdown. At 00:52 ET (05:52 GMT), Bitcoin fell 0.6% to $102,775, lagging a mild recovery across major altcoins. ETF flows stay …

President Trump signed a stopgap funding package late Wednesday, formally ending the longest U.S. government shutdown (43 days). The measure, passed by both chambers this week largely along party lines, funds most agencies through Jan. 30 and provides full-year appropriations for select departments. The Senate advanced the deal on Monday …