Economic Report

Oil prices edged lower on Wednesday, giving back part of their recent rally as unexpectedly weak U.S. labor market data raised fresh concerns over the health of the world’s largest oil-consuming economy. By 08:45 ET (12:45 GMT): Brent crude fell 0.7% to $65.17 per barrel West Texas Intermediate (WTI) dropped …

Bitcoin traded flat on Wednesday, maintaining its position within a narrow range as market sentiment remained clouded by growing uncertainty over U.S. trade policy and its potential economic repercussions. The muted price action reflects cautious investor behavior ahead of a possible high-stakes discussion between U.S. President Donald Trump and Chinese …

Asian equity markets largely moved higher on Wednesday, buoyed by optimism over a potential conversation between U.S. President Donald Trump and Chinese President Xi Jinping aimed at reviving stalled trade negotiations. The prospect of renewed dialogue provided a lift to risk appetite across the region, with technology stocks and chipmakers …

Gold prices traded in a narrow range during Asian hours on Wednesday, as investors balanced a modest return in risk appetite against persistent safe haven demand. Speculation over a possible meeting between U.S. President Donald Trump and China’s President Xi Jinping helped buoy market sentiment, but gold remained well-supported amid …

On Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the latest developments in the financial markets.Oil Market DevelopmentsRegarding oil, Hashad stated that oil prices saw a significant rise at the beginning of this month …

The Russia-Ukraine conflict, ongoing since February 2022, continues to ripple through global financial markets, with early June 2025 events amplifying uncertainty. Ukraine’s drone attacks on Russian air bases and stalled peace talks in Istanbul have driven volatility in equities, energy, and safe-haven assets. These developments signal prolonged geopolitical tensions, threatening …

In April 2025, US job openings rose unexpectedly to 7.39 million, up from 7.2 million in March, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). This increase defied expectations of a decline to 7.1 million, signaling persistent labor market strength despite economic uncertainties. The …

European equity indices posted modest gains early Tuesday, with investors eyeing the release of key eurozone inflation data that could shape the European Central Bank’s next policy moves. Caution also lingered over global trade tensions and upcoming central bank decisions. As of 03:02 ET (07:02 GMT), Germany’s DAX rose 0.3%, …

Gold prices slipped in Asian trade on Tuesday as traders booked profits after a strong rally fueled by renewed geopolitical risks and persistent trade tensions. The yellow metal had surged over 2% on Monday, buoyed by heightened uncertainty surrounding the Russia-Ukraine war, U.S.-Iran nuclear talks, and ongoing concerns about U.S. …

Oil prices closed higher on Monday, the first trading day of the week, despite OPEC+’s decision to increase production for the third consecutive time since abandoning its long-standing voluntary output cuts aimed at bolstering global oil prices. This shift in production policy reflects OPEC+’s focus on maintaining its share of …