Economic Report

U.S. stocks advanced on Wednesday, building on a week of solid gains as investors moved into the holiday period with renewed confidence. Major indexes rose for a fourth consecutive session, supported by strong momentum in big-cap technology shares and optimism surrounding monetary policy decisions expected in the coming weeks.The Dow …

Gold prices climbed in Asian trading on Wednesday, supported by a softer U.S. dollar and growing conviction that the Federal Reserve will cut interest rates in December. Haven demand also remained firm despite a broader risk-on rally across global markets. Spot gold rose 0.9% to $4,166.13 an ounce, while February …

The U.S. dollar inched higher on Wednesday, stabilizing after its steepest daily decline in nearly three weeks, as traders continued to position for a potential interest rate cut by the Federal Reserve in December, while sterling held firm ahead of the U.K. Autumn Budget. By 03:50 ET (08:50 GMT), the …

Oil prices rose modestly on Wednesday after sliding to a one-month low in the previous session, though expectations of a growing supply glut and progress toward a Russia-Ukraine peace deal kept gains limited. Brent crude futures gained 28 cents (0.45%) to $62.76 a barrel by 07:08 GMT, while U.S. West …

Most Asian equities advanced sharply on Wednesday as markets priced in a higher probability that the U.S. Federal Reserve will cut interest rates in December, with technology shares leading gains after rebounding from recent declines. Regional bourses took a positive lead from Wall Street, where a run of middling U.S. …

The U.S. Dollar continued its sharp retreat on Tuesday, pressured by a series of softer economic readings and growing expectations that the Federal Reserve may deliver additional interest-rate cuts in the coming months. Investors are increasingly positioning for more clarity on the health of the world’s largest economy as a …

US equity markets staged a solid recovery on Tuesday, extending Monday’s gains as investors priced in rising expectations of a Federal Reserve rate cut next month. Market sentiment was buoyed by comments from Fed officials signaling the potential for easing, prompting traders to assign more than an 80% probability to …

Alibaba (NYSE: BABA) reported a mixed financial performance for its second quarter, beating revenue expectations but grappling with sharp declines in profitability. The Chinese tech giant posted total revenue of RMB 247.8 billion (≈ US $34.81 billion), marking a 3.3% year-over-year increase. While this modest growth surpassed analyst forecasts, it masks a deeper story of …

Yen Strengthens as US Economic Data Disappoints, Fueling Dollar WeaknessThe Japanese Yen gained ground against the US Dollar on Tuesday, with the USD/JPY pair retreating toward 156.00 amid intervention chatter from Tokyo and softer-than-expected US economic data. The US Dollar came under significant pressure following lackluster readings on Producer Prices …

European stock markets were broadly unchanged on Tuesday, as lingering concerns over weak regional growth offset rising expectations of a potential U.S. Federal Reserve rate cut next month. By 03:02 ET (08:02 GMT), Germany’s DAX was up 0.1%, France’s CAC 40 gained 0.2% and the U.K.’s FTSE 100 added 0.1%. …