Market Update

A strong ideological debate concerning economic policy is currently taking place in the United States, with Senator J.D. Vance of Ohio and former President Donald Trump leading the battle as they adopt the populist economics sparking a great deal of excitement as well as anxiety and concern. However, what does …

Oil prices regained ground on Thursday, reversing two consecutive sessions of decline, as investors anticipated tighter supplies amid expectations that the OPEC+ producer alliance would continue with its current production cuts. Brent crude futures for May climbed $1.23, or 1.4%, to reach $87.32 a barrel, while the June contract rose …

On Thursday, the Australian dollar found brief support around the $0.6500 level, despite continuing downward trends. The upwardly revised US economic growth data made little to change the downtrend, as the US Dollar declined from a six-week high.The Reserve Bank of Australia’s (RBA) recent interest rate hikes have made Australia’s …

The latest weekly data published by the US Department of Labor (DOL) on Thursday revealed that initial jobless claims for the week ending March 23 totaled 210,000. This figure marked a decline from the previous week’s revised print of 212,000 (initially reported as 210,000) and surpassed market expectations, which had …

The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …

Crypto analysts are bullish on Chainlink coin (LINK) in the aftermath of the successful collaboration between Chainlink Labs and ANZ Banking Group. While Bitcoin and Ethereum dominate headlines with unprecedented surges, Chainlink’s growing adoption in traditional finance could lead to a significant price surge.ANZ’s RoleANZ streamlined the acquisition of tokenized …

Japanese Prime Minister Fumio Kishida emphasized on Thursday the necessity for the central bank to uphold accommodative monetary conditions, underscoring the government’s commitment to supporting economic recovery and defeating deflation. In a news conference, Kishida affirmed that the government would sustain close coordination with the Bank of Japan (BOJ) to …

U.S. stock index futures remained subdued on Thursday amid light trading activity ahead of the Easter break, as investors awaited additional data to assess the Federal Reserve’s policy direction on the final business day of a robust first quarter. The three main indexes were poised for significant quarterly gains, driven …

In European trading on Thursday, the U.S. dollar strengthened following hawkish remarks from a Federal Reserve official, while disappointing economic data weighed on the euro and sterling. At 05:30 ET (09:30 GMT), the Dollar Index, which measures the dollar against a basket of six other major currencies, traded 0.3% higher …

The latest data from the Federal Labour Office revealed that the number of unemployed individuals in Germany saw a modest increase in March, falling short of analysts’ expectations. According to the figures released on Thursday, the number of unemployed individuals grew by 4,000 in seasonally adjusted terms, reaching a total …