Market Update

The recent surge in the U.S. services sector presents a puzzling picture. On the surface, the ISM Services PMI for August 2025, which climbed to a six-month high of 52.0, suggests a robust and resilient economy. This headline number, along with strong gains in business activity and new orders, paints …

The United States is once again staring down the barrel of a government shutdown as the clock ticks toward September 30, 2025, the end of the fiscal year. Unless Congress can reach a funding deal, the federal government will partially close its doors on October 1, triggering furloughs for thousands …

The U.S. dollar steadied on Thursday, consolidating in a volatile week as investors weighed softening labor market data and ongoing fragility in global bond markets, reinforcing expectations that the Federal Reserve will cut rates this month. Labor Market in Focus Data on Wednesday showed job openings fell to a 10-month …

Euro zone retail sales fell more than expected in July, raising concerns over whether resilient household spending can continue to offset the drag on growth from U.S. tariffs and broader economic uncertainty. According to Eurostat data released Thursday, retail sales in the 20-country bloc dropped 0.5% month-on-month, compared with expectations …

European shares held steady on Thursday as investors remained cautious in the face of renewed volatility in government bonds, while a sharp profit warning from British airline Jet2 weighed on the travel and leisure sector. The pan-European STOXX 600 was flat at 546.93 points by 07:22 GMT after a choppy …

Bitcoin traded flat on Thursday, with broader cryptocurrency markets also moving sideways as traders stayed cautious ahead of key U.S. labor market data and further signals on interest rates. Speculative assets, including digital tokens, faced muted demand as the dollar steadied and investors avoided risk. Bitcoin was last seen at …

Gold prices ease on profit-taking after record highs, dollar steadies ahead of U.S. labor data Gold prices retreated in Asian trading on Thursday, weighed down by profit-taking after a string of record highs above $3,500 per ounce. The pullback came as the U.S. dollar stabilized, with traders awaiting key labor …

Nvidia’s stock fell 0.09% to $170.62, triggering a broader sell-off in the semiconductor sector, with the Philadelphia Semiconductor Index (SOX) dropping about 1%. Concerns over Nvidia’s ability to meet demand for its H100, H200, and Blackwell GPUs, despite the company’s dismissal of supply chain issues, have rattled investors. This volatility, …

Gold soared to $3,559.26 per troy ounce, up 0.73%, on September 3, 2025, hitting record highs after the U.S. JOLTS report revealed a steep drop to 7.181 million job openings in July, below the forecasted 7.4 million. The U.S. Dollar Index (DXY) slid 0.20% to 98.11, weakening against major currencies …

The U.S. Dollar Index (DXY) fell 0.18% to 98.126 on September 3, 2025, retreating from a daily high of 98.635 as the JOLTS report revealed a sharp drop to 7.18 million job openings, missing expectations of 7.4 million. This labor market stumble, the weakest since the pandemic, intensified pressure on …