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The world’s largest cryptocurrencies continued to rally after Wall Street’s closing bell on Thursday as investors digested the latest data on the United States labor market which showed that initial jobless claims came in lower than expected, seemingly sparking optimism that the country could avoid recession. Crypto-related stocks saw significant gains during the New York session, with […]

Stock markets in the Asia-Pacific traded mostly higher on Friday after the release of China’s consumer price index and producer price index for July. Markets continued to recoup weekly losses echoing Wall Street’s latest rally driven by lower-than-expected jobless claims in the United States, which helped alleviate concerns about an impending recession. The Nikkei 225 was flat at 7:17 am CET, […]

Major European stock indexes were mixed in the premarket trading on Friday, with the spotlight on the consumer price index updates from Germany and Italy scheduled for release during the morning session. At 8:00 am CET, the FTSE 100 was flat. The Euro Stoxx 50 jumped by 0.24%. The DAX gained 0.21%. The CAC 40 […]

Major US stock markets opened lower on Friday closing out a volatile week that saw the S&P 500’s best day since 2022 on Thursday. During the day, news broke that TSMC reported strong July revenue, which showed an increase of nearly 45% year-over-year. In addition, Paramount Global rose more than 6% after posting adjusted earnings that beat estimates […]

Major stock markets in Europe traded in the green at the end of Friday’s session as investors digested the latest inflation reports. Namely, German annual inflation climbed by 2.3% in July, while on a monthly basis, it increased by 0.3%. Meanwhile, a final report showed that July’s inflation in Italy jumped 1.3% year-over-year and 0.4% month-on-month. The DAX added […]

The number of oil rigs in the United States stood at 485 in the week ending August 9, increasing by three compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs dropped by 40. The US gas rig count fell […]

Major stock indexes in the United States erased losses observed at the start of Friday’s session and moved to the green territory, with the Dow Jones gaining more than 100 points. Investors’ concerns over the health of the US economy and fears of a potential recession, which led markets to crash on Monday, seemingly calmed after Federal […]

Major stock markets in the United States closed higher on Friday after fears of economic recession seemed to abate in the wake of comments about a potential interest rate cut soon. After a major market plunge on Monday and volatile trading sessions during the week, investors recovered optimism after the latest job report. Traders also […]

The prices of precious metals continued to grow on Thursday after the United States posted a new decline in initial jobless claims, signaling that the country might avoid recession, leading to a rise in the 10-year Treasury yield. The news seemingly encouraged traders, who went on to invest in the metals and stock market. Gold increased by […]