Market Update

U.S. Retail Sales rose by 0.6% on a monthly basis in June, reaching a total of $720.1 billion, according to the U.S. Census Bureau’s report released on Thursday. This increase came after a 0.9% decrease in May and surpassed market expectations, which had forecast a more modest 0.1% rise. On …

The latest data from the U.S. Department of Labor (DOL) released on Thursday showed a mixed picture of the labor market, with Initial Jobless Claims falling slightly, while Continuing Jobless Claims edged higher. For the week ending July 12, the number of new applications for unemployment insurance dropped to 221,000, …

U.S. stock index futures traded largely steady on Thursday as investors awaited a fresh wave of corporate earnings amidst ongoing uncertainty over trade policies and Federal Reserve actions. At 05:45 ET (09:45 GMT), Dow Jones Futures dropped by 30 points, or 0.1%, S&P 500 Futures gained 6 points, or 0.1%, …

Bitcoin remained largely steady on Thursday as the U.S. House of Representatives cleared a crucial procedural hurdle to open debate on a suite of crypto bills after a nine-hour deadlock. The world’s largest cryptocurrency traded 0.2% higher, reaching $118,747.50 as of 02:25 ET (06:25 GMT). Bitcoin had surged to record …

European stocks experienced a positive rally on Thursday, with investors focused on a steady stream of new corporate earnings amidst ongoing uncertainty surrounding trade negotiations. At 03:15 ET (07:15 GMT), the DAX in Germany gained 0.7%, the CAC 40 in France rose by 1.2%, and the FTSE 100 in the …

Oil prices saw a modest increase on Thursday, recovering from declines in the previous three sessions, driven by stronger-than-expected economic data from major oil consumers and signs of easing trade tensions between the U.S. and key global players. Brent crude futures rose by 24 cents, or 0.35%, to $68.76 per …

The U.K. labor market showed signs of weakening in May, with the unemployment rate climbing to 4.7%, surpassing expectations and marking its highest level since June 2021. This increase was higher than the anticipated 4.6% for the period, signaling a slight deterioration in the labor market dynamics. Additionally, pay growth, …

Gold prices saw a slight decline during Asian trading on Thursday due to an improvement in risk appetite, following comments from U.S. President Donald Trump, who downplayed concerns that he would prematurely remove Federal Reserve Chair Jerome Powell. Despite this, the overall demand for gold remained relatively high, driven by …

U.S. Companies (Wall Street)The earnings season on July 16, 2025, showcased notable performances from several U.S. companies, reflecting a mixed market environment influenced by trade tensions and expectations of interest rate cuts. Goldman Sachs reported a standout performance for the second quarter, posting an EPS of $10.91, surpassing expectations of …

The EUR/USD pair staged a recovery on July 16, 2025, climbing 0.25% to 1.1633 after rebounding from a three-week low of 1.1562. The euro’s advance was fueled by a faltering US Dollar, which faced renewed selling pressure following President Donald Trump’s hints at removing Federal Reserve Chairman Jerome Powell, coupled …