Market Update

Business inventories in the United States declined by 0.2% in April, official data showed on Tuesday. The reading follows a rise of 0.2% in March. On the annual level, inventories fell by 3.6%, according to the U.S. Department of Commerce. Retail inventories plunged by 1.8%, after decreasing by 1.4% in …

Industrial Production in the United States expanded by 0.8% on a monthly basis in May, the US Federal Reserve reported on Tuesday. This reading followed April’s growth of 0.1% (revised from 0.7%) and came in slightly better than the market expectation for an increase of 0.6%.

Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.

The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …

European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …

The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …

Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …

European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …

Gold prices rose today, Tuesday, June 15, as the dollar’s decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus. Gold …

Japanese stocks closed higher on Tuesday, June 15th, as technology and growth-focused stocks were supported by a strong Nasdaq close overnight, while drugmakers extended their gains. The Nikkei index jumped 0.96% to 29,441.30 points, its biggest gain since late May, while the broader Topix rose 0.8% to 1975.48 points, closing …