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Precious metals rise as US inflation slows
Precious metals rise as US inflation slows
The prices of precious metals gained ground on Wednesday as investors digested the latest inflation digits coming from the United States. The country’s annual inflation slowed in April, falling to 3.4%, which was slightly less than what analysts expected and down from March’s 3.5%. With the cooling in inflation, traders are seemingly hoping that the […]
Europe closes mixed after data batch
Major stock markets in Europe closed mixed on Tuesday following a batch of data that came during the day. German and Spanish inflation in April was confirmed at 2.2% and 3.3%, respectively. British unemployment increased to 4.3% during the first quarter. The economic sentiment in Germany showed progress in May. Investors were also pulled toward […]
US oil inventories reportedly down by 3.1M barrels
Crude oil inventories in the United States decreased by 3.1 million barrels in the week that ended May 10, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly declined by 601,000 barrels. Gasoline stockpiles fell by 1.27 million barrels, while distillate inventories rose by 349,000 barrels, […]
Asia mixed, Hong Kong, S. Korea markets closed for holiday
Major stock indexes traded mixed on Wednesday, in contrast to Wall Street’s gains ahead of the United States Consumer Price Index (CPI) report due later today. Australia’s S&P/ASX 200 gained 0.54% at 3:44 am CET. On the Chinese mainland, the Shanghai Composite and the Shenzhen Composite reduced by 0.14% and 0.24%, respectively and Japan’s Nikkei […]
Apple likely to update Siri with AI tech
Apple is planning to enhance its iPhone virtual assistant Siri with artificial intelligence (AI) capabilities, The New York Times reported citing three people familiar with the company’s work. The sources reveal that the updated version of Siri is anticipated to be unveiled at its annual Worldwide Developers Conference (WWDC) on June 10. This upgraded Siri […]
Europe mixed at open as CPI prints loom
Major European stock exchanges opened the Monday session trading mixed as investors braced for a new batch of economic releases. Throughout the week, reports on consumer inflation from Europe’s largest economy, Germany, as well as the world’s leading economy, the United States, will be unveiled. The Euro Stoxx 50 was flat at the open. The […]
Precious metals rise, gold at highest since late April
The prices of precious metals continued to grow on Friday as gold climbed to its highest point since April 22. Gold has added 14.91% in the year to date, while silver jumped 20.58%. At 11:29 am CET, gold was up by 1.07% and sold for $2,371,14 per ounce. Silver increased by 1.28%, going for $28.70 […]
Europe closes higher after data, earnings
Major stock markets in Europe closed with gains on Tuesday following a batch of earning releases and economic data across the continent. Ferrari, BP, UniCredit and UBS fed the day with their figures from their correspondent quarters. Meanwhile, the German surplus and retail sales in the European Union rose in March, as did construction activity […]
US oil inventories reportedly up by 0.5M barrels
Crude oil inventories in the United States rose by 509,000 barrels in the week that ended May 3, private data from the American Petroleum Institute (API) allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly grew by 1.33 million barrels. Gasoline stockpiles added 1.46 million barrels, while distillate inventories increased by 1.71 million barrels, […]
Silver jumps by 3%, gold by 1%
The prices of precious metals advanced on Monday after the United States reported a weaker-than-expected increase in nonfarm payrolls in April, apparently raising optimism with investors that the Federal Reserve could consider cutting its interest rates in the near future. Silver soared by 3.01% at 9:31 am ET to sell for $27.34 per ounce. At […]
