Economic
24/5 Support
Economic
Deaching of the great explorer of the truth the builder
Asia lower after Japan’s trade report
Major stock indexes in the Asia-Pacific region traded lower on Thursday after a report showed that Japan’s trade deficit landed at ¥224.04 billion in June. Additionally, Australia’s unemployment rate stood at 4.1% in June. Australia’s S&P/ASX 200 lost 0.19% at 4:05 am CET. South Korea’s Kospi Composite was down by 1.16% a minute later. Hong […]
Silver slumps 2.6% amid Fed policy woes
The price of the white metal declined on Wednesday as concerns about the future of the Federal Reserve’s monetary policy appeared to weaken investors’ appetite for safe-haven assets. Meanwhile, Federal Reserve Chair Jerome Powell said on Monday that recent data “adds somewhat to confidence” that inflation is returning to target and that the central bank […]
US oil inventories reportedly down by 9.1M barrels
Crude oil inventories in the United States dropped by 9.1 million barrels in the week that ended June 28, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly grew by 404,000 barrels. Gasoline stockpiles added 2.46 million barrels, while distillate inventories slid by 740,000 barrels, according […]
Europe opens higher ahead of PMI reports
Major European markets traded higher in Wednesday’s opening as investors awaited a fresh batch of economic data. Eurozone producer price data will be released today, as well as composite services PMIs from the United Kingdom and Germany and the euro area. Tomorrow, UK voters will cast ballots in a general election where the Labour Party […]
Palladium soars by 4% on semiconductor news
The price of palladium surged by more than 4% on Tuesday after China hinted at the standardization of artificial intelligence (AI) by 2026 establishing about 50 sets of rules. Meanwhile, the Taiwanese CTEE reported that Apple is raising the orders of chips necessary for its iPhone 15. Additionally, technology startups Aethero and Cosmic Shielding Corporation […]
Precious metals down, silver sinks by 2.5%
The prices of precious metals went down on Tuesday, with silver extending its downturn trend observed in the past few days amid the ongoing geopolitical tensions that seemingly made trade wary of new investments. Silver plunged by 2.51% at 4:31 am ET to sell for $29,96 per ounce. Simultaneously, gold dropped by 0.64% to go […]
US oil inventories reportedly up by 4.05M barrels
Crude oil inventories in the United States increased by 4.05 million barrels in the week that ended May 31, private data from the American Petroleum Institute (API) reportedly showed on Tuesday. During the reported week, gasoline stockpiles rose by 4.02 million barrels, while reserves in Cushing, Oklahoma, allegedly added 983,000 barrels. Meanwhile, distillate inventories are […]
Europe opens higher ahead of new data
Major stock market indexes in Europe opened higher on Wednesday as investors awaited the updates on manufacturing and services in Germany, the United Kingdom, and the Eurozone, and producer prices in the latter. The DAX advanced by 0.54% as Zalando SE expanded by 1.85%. The FTSE 100 rose by 0.41%, with Smith & Nephew PLC […]
Nasdaq 100 closes at all-time high
Major stock markets in the United States ended Friday’s session mostly higher with the Nasdaq 100 closing with a record value of 18,808.347. The Nasdaq 100 advanced by 0.99%, with Ross Stores Inc. skyrocketing 7.79%, Constellation Energy Corporation surging 4.28% and Qualcomm Inc. climbing 4.26%. Within the same index and after exceeding the $2.57 trillion […]
Asia-Pacific trades mostly higher with data in focus
Major stock market indexes in the Asia-Pacific region traded mostly higher on Monday ahead of economic reports scheduled for the rest of the week, including those on Japan’s inflation and employment, and China’s manufacturing sector. Japan’s Nikkei 225 advanced by 0.29% or 112 points at 4:35 am CET as the dollar lost 0.18% to the […]
