China's trade surplus up to $96.2B in April
China's trade came to $96.2 billion in April, down from $102.64 billion in March, beating expectations, the country's General Administration of Customs said in its report published on Friday.
5/9/2025
US initial jobless claims down by 13,000 to 228,000
Initial jobless claims in the United States for the week ending April 26 declined by 13,000 compared to the previous seven-day period to reach 228,000.
5/8/2025
UK house prices up by 3.2% in April
The annual rate of house price growth in the United Kingdom reached 3.2% in April, the Halifax House Price Index report showed on Thursday. The house prices rose by 0.3% compared to the previous month. Both figures came in above analysts' expectations. Meanwhile, the average house price stood at £297,781 in the reported month.
5/8/2025
Euro area retail sales down by 0.1% in March
Retail trade in the Eurozone and the European Union both slipped by 0.1% in March from the previous month, Eurostat shared in its report on Wednesday.
5/7/2025
Oil gains 1% on lower US inventories
Crude oil prices increased by more than 1% on Wednesday after the American Petroleum Institute (API) allegedly reported that the inventories in the United States dropped by 4.5 million barrels in the previous week, while lower oil prices in the previous days drew bigger demand in European and Chinese markets. The increase in oil prices also comes amid growing geopolitical tensions, as the conflict between India and Pakistan continued to escalate, and Israel attacked Yemen in its ongoing fight against the Houthis.
5/7/2025
US goods trade deficit rises to $140.5B in March
The goods and services trade deficit in the United States rose by 14% from the prior month to stand at $140.5 billion in March, the Census Bureau and the Bureau of Economic Analysis (BEA) revealed in the report released on Tuesday.
5/6/2025
UK service sector activity softens in April
The United Kingdom's service sector experienced a slowdown in April, with the services PMI landing at 49.0, down from 52.5 in March, according to a report by S&P Global on Tuesday
5/6/2025
US composite PMI falls in April
The United States Purchasing Managers' Index (PMI) Composite Output Index, which calculates the joint results in services and manufacturing, stood at 50.6 in April, coming in below analysts' expectations and declining from 53.5 in March, S&P Global revealed in its final report on Monday
5/5/2025
Gold rallies 2.5% ahead of Fed meeting
Precious metals posted gains on Monday with spot gold surging 2.5%, as investors awaited the Federal Reserve's decision due later this week and continued to watch for developments in the trade war between the United States and China.
5/5/2025
US nonfarm payrolls up by 177,000 in April
Nonfarm employment in the United States rose by 177,000 in April, surpassing analysts' expectations, the Bureau of Labor Statistics revealed in its report published on Friday.
5/2/2025
Eurozone manufacturing PMI improves in April
The Eurozone Manufacturing Purchasing Managers Index (PMI) stood at 49 in April, rising from 48.6 in March to hit a 32-month high, S&P Global and Hamburg Commercial Bank (HCOB) revealed in a report on Friday.
5/2/2025
US initial jobless claims up by 18,000 to 241,000
The number of seasonally adjusted initial jobless claims in the United States increased by 18,000 to 241,000 in the week ending April 26, the Department of Labor revealed in its report published on Thursday. The figure came in above analysts' forecasts.
5/1/2025
Gold slumps 2% on easing trade tensions
Gold dropped by 2.26% to sell for $3,214.41 per ounce. Meanwhile, silver declined by 1.74% , going for $32.05 per ounce. At the same time, platinum dipped by 0.57% and sold for $964.57 per ounce, while palladium was flat going for $929.89 per ounce.
5/1/2025
WTI down 2% on persisting demand woes
West Texas Intermediate (WTI) crude oil futures slumped for the fourth straight day on Thursday, hitting its lowest point in three weeks, as indications of a fresh OPEC+ production increase led by Saudi Arabia added to worries about declining demand during an ongoing global trade conflict.
5/1/2025
UK manufacturing contracts again in April
The UK manufacturing sector remained under pressure in April, with the S&P Global Manufacturing PMI rising slightly to 45.4 from March's 44.9, the S&P Global revealed in its report on Thursday.
5/1/2025
ADP: US private payrolls up by 62K in April
The number of jobs in the private sector in the United States grew by 62,000 in September, according to the ADP National Employment Report released on Wednesday. The figure was much lower than analysts anticipated.
4/30/2025
Gold slips 1% as Trump promises 'fair deal' with China
The prices of precious metals fell on Wednesday, with gold decreasing by more than 1%, after United States President Donald Trump promised his administration would achieve a "fair deal" on trade with China, as he said that both countries are interested in making a deal. During a rally in Michigan celebrating 100 days of his presidency, Trump also stated that his administration was "just getting started," easing investors' concerns, and turning them away from safe-haven assets.
Gold dropped by 1.22% to sell for $3,276.77 per ounce. Meanwhile, silver declined by 2.03% going for $32.27 per ounce. At the same time, platinum dipped by 1.19% and sold for $969.53 per ounce, while palladium increased by 0.73% to go for $919.25 per ounce T.
Germany's economy expands by 0.2% in Q1
Germany's gross domestic product (GDP) adjusted for price, seasonally and calendar effects observed quarterly growth of 0.2% in the first trimester of the year, the Federal Statistical Office (Destatis) announced in its preliminary report published on Wednesday.
4/30/2025
Gold slides by 1% as investors turn to stocks
The price of gold declined on Tuesday amid investors' renewed interest in stock markets as numerous major companies were to release their latest earnings results this week.
Gold lost 1.07 % to sell for $3,308.27 per ounce. Palladium decreased by 0.75% to go for $931.74 per ounce. On the other hand, silver rose by 0.37% to sell for $33.29 per ounce. Platinum grew by 0.35% , going for $993.18 per barrel.
Oil loses 1.5% on reputed progress in Gaza talks
The prices of oil futures declined by more than 1.5% on Tuesday after Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani said there had been "some progress" in the latest negotiations about a ceasefire and prisoner exchange between Israel and Hamas.
4/29/2025