US GDP Grows economy has exceeded expectations with a robust GDP growth rate of 2.8% for the second quarter of the year. This performance not only surpassed the forecasted 2.0% but also marked a significant improvement from the 1.4% growth recorded in the first quarter. Let’s delve into the details of this impressive economic expansion …
US GDP Grows More Than Expected in Second Quarter Read More »
Gold Upends prices took an unexpected dip on Thursday, falling to two-week lows and breaching the psychological barrier of $2,400 per ounce. This downturn has defied most market expectations, primarily driven by a dramatic surge in the Japanese yen. The yen’s rapid gains have caused significant turbulence in financial markets, affecting various assets, including gold …
Yen Rally Triggers has sent shockwaves through global financial markets. On Thursday, the yen surged over 1% against the US dollar, breaking the critical 155 yen per dollar level and surpassing the 100-day moving average for the first time since mid-March. This unexpected strength has disrupted various asset classes, from Japanese stocks to gold and …
Euro Rebounds gained ground in European trade on Thursday against a basket of major rivals, marking its first profit in three days. This rebound comes amid hopes of a reduced interest rate gap between Europe and the US, buoyed by recent weak US data that increased the likelihood of Federal Reserve rate cuts in September …
Euro Rebounds Amid Concerns About the Interest Rate Gap Read More »
UAE Central Banks are taking significant steps to reduce bureaucracy in the financial sector, as demonstrated by a recent workshop held for licensed financial institutions. This workshop, attended by over 300 officials from banks, finance companies, exchange houses, and insurance companies, is part of the UAE’s broader efforts to streamline processes and enhance service efficiency. …
UAE Central Banks 50 Initiatives to Reduce Bureaucracy Read More »
Wall Street Driven US stock indices experienced a decline on Wednesday, driven primarily by pressure in the tech sector as investors analyzed recent earnings reports. Market Performance On Wednesday, major US stock indices fell, reflecting investor caution and the impact of disappointing earnings in the tech sector. The market’s response highlights the sensitivity of stock …
Bitcoin Moves experienced a significant uptick, rising on Wednesday and resuming its gains after a two-day pause. This surge brings Bitcoin close to a six-week high, spurred by the decline in US 10-year Treasury yields. Recent Bitcoin Price Movements Bitcoin’s price climbed by 1.5% on Wednesday at Bitstamp, reaching $66,920, with a session-low of $65,473. …
Bitcoin Moves Higher Towards 6-Week High as US Yields Decline Read More »
Bitcoin Price in the 2024 US presidential elections approach, market speculation is heating up about the potential effects of a Trump victory on various financial assets, particularly Bitcoin. With political climates influencing market sentiment and regulatory landscapes, investors are keenly interested in how such a political shift could affect Bitcoin’s price. Here’s a deep dive …
European Services economy’s performance in July has left many economic watchers on edge, with the latest Services PMI data revealing a slowdown in growth. This preliminary reading, released on Wednesday, shows the Services PMI for Europe at 51.9 points. While this indicates continued growth, it is notably below the 52.8 points recorded in June and …
German Industrial Sector is facing a prolonged downturn, as reflected by the latest economic data. The preliminary reading of the Industrial PMI for July came in at 42.6 points, marking the 24th consecutive month of contraction. This article delves into the implications of this negative trend for Germany, Europe’s largest economy. Current PMI Reading The …
German Industrial Sector Recession Deepens in July Read More »
