Economic news

European stock markets opened low on Tuesday trade as inflation concerns worried investors. Germany’s DAX futures contract slid 0.4%.  CAC 40 futures in France lowered 1.1% and the FTSE 100 futures contract in the U.K. dipped 1.1%. The Dow Jones Industrial Average closed 0.1%, or 35 points, lower Monday, ending its five-day win streak. The […]

Surveys revealed on Tuesday that British retail sales soared as shoppers bought clothes at home amid the reopening of shops in the United Kingdom. According to the British Retail Consortium, total sales for the month of April went 7.3% higher than in the same period two years ago. The BRC reported that comparisons with April […]

Japan’s household spending posted its sharpest level of increase in 18 months, official data showed on Tuesday. The March reading came after consumer demand staged an impressive rebound from the coronavirus crisis last year. Household spending recorded a 6.2% year-on-year jump in March. The expansion followed a 6.6% decline in February as it surpassed a […]

Factory gate prices in China advanced at their fastest pace in three and a half years in April, official data showed on Tuesday. The acceleration could be attributed to the country’s sustained economic momentum after its economy saw an expansion in the first quarter. The producer price index (PPI) recorded an annualized 18.3% increase from […]

European stocks set their fresh record high on Monday trade on a growing optimistic outlook amid the reopening of major economies. The pan-European STOXX 600 index added 0.1%, reaching a fresh all-time high in early trading, with miners rallying 2.2% on the back of strong metal prices. The FTSE 100 in the U.K., a commodity-heavy […]

Ether reached greater heights on Monday after breaching the $4,000 level. Ether’s new record high today is the crypto’s new peak for the third time in a row. The surge is riding on growing optimism that Ether and other cryptocurrencies will be used on a wider scale. On the Binance exchange, Ether was last up […]

The dollar hovered near a more than two-month low against major peers on Monday as investors continued to assess the implications of a downbeat U.S. employment report on monetary inflation.  The dollar index traded at 90.178, after falling to as low as 90.128, its weakest since Feb. 26. The pound rose 0.3%, climbing as high […]

Crude prices rose over 1% on Monday following a major cyberattack that forced U.S. critical fuel supply pipelines to shut down, emphasizing the fragility of oil infrastructure. Brent crude rose 1.1%, or 76 cents, at $69.04 per barrel, after climbing 1.5% last week. U.S. West Texas Intermediate futures were up 1.1%, or 70 cents, at […]

Copper prices reached an all-time high record in both London and Shanghai markets on Monday. The jump came after investors’ enthusiasm was fueled by improving demand amid tightening supply. Three-month copper on the London Metal Exchange advanced to a record peak of $10,660.50 per tonne during its early session. It then eased to $10,657 per […]

Asian share markets recorded a positive performance on Monday, with speculations about ultra-low interest rates supporting investors’ sentiment amid receding inflation. Oil and gas prices also advanced after a cyberattack shut a major U.S. pipeline operator. MSCI’s broadest index of Asia-Pacific shares outside Japan hiked 0.35%, while U.S. stock futures traded 0.24% higher. Australian shares […]