Economic news

Gold slid on Tuesday trade in Asia, but it still hovered near its four-month high following the Federal Reserve’s statement about inflation concerns. Gold futures lowered 0.23% to $1,880.15 by 12:08 AM ET. The dollar, which usually moves inversely to gold, was also on the losing end, falling to a four-month low on Tuesday. U.S. […]

European stocks posted new record highs on Tuesday as Germany’s biggest property developers merged for a billion-dollar bill and technology shares rallied over brighter investor sentiment after digesting soothing comments on inflation. The pan-European STOXX 600 index edged up 0.3% to an all-time high of 446.47 points after breaching its early-May peak of 446.19. Germany’s […]

Singapore’s economy grew bigger than what was initially expected in the first quarter, with the government maintaining its growth outlook for the year. However, the city-state remained cautious as uncertainties brought about by the coronavirus pandemic still lurk. Gross domestic product (GDP) posted a 1.3% annualized increase in the first quarter, the Ministry of Trade […]

Wall Street’s overnight rally had sent Asian share markets to high grounds during their early Tuesday trade. Meanwhile, the dollar was seen near its four-month low as inflation-driven rate hikes dampened investors’ enthusiasm. After U.S. stocks’ minimal earnings, MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.81% to a two-week peak. Australian shares jumped […]

Cryptocurrency titan, Bitcoin finally fights back after a troublesome Sunday session come Monday. The weekend had seen further signs of a Chinese crackdown on the crypto market. Bitcoin had been seen last on a positive position at 8.8% to $37,766, which had done away with losses of 7.5% the day before. However, it is still […]

Monday saw the Wall Street’s main indexes open higher with high oil prices lifting energy stocks. Meanwhile, investors are set to receive key inflation readings within the week. Chevron Corp, Occidental Petroleum Corp, and Schlumberger, each saw a rise between 0.7% and 1.1% in premarket trading as oil prices solidified into more than $1 per […]

The pan-European STOXX 600 index gained 0.2% to 445.10 points on Monday, hitting near its record high of 446.19 points. The STOXX 600 closed the week marginally higher on Friday despite pressing inflation concerns as a survey showed euro zone business growth increased at its fastest pace in over three years in May. Other parts […]

Gold hovered near its four-month high on Monday trade in Asia as bullish trend hints surface. Gold futures gained 0.39% to $1,884.05, after hitting $1.890.13, their highest level since Jan. 8, during the previous week. The dollar, which usually moves inversely to gold, was also unusually up with gold on Monday, albeit staying near its […]

Bitcoin, the world’s largest and most sought-after cryptoccurrency, dropped a total of 13% on Sunday. This followed after it encountered another selloff that erased nearly 50% of its all-time record high. Bitcoin was quoted $32,601 at 1800 GMT, shedding $4,899.54 during its closing session. Prior to this, it recorded a historic high of $64,895.22 on […]

Asian share markets started cautiously during their Monday trade. This came after investors waited for U.S. inflation figures due this week, which will then determine the Federal Reserve’s next stance for its monetary and policy rates. MSCI’s broadest index of Asia-Pacific shares outside Japan made minimal movements, while Japan’s benchmark index Nikkei gained 0.1%. South […]