Economy

Meanwhile, gold is trying to settle above $1830 as U.S. dollar declines. Fed Chair Jerome Powell Calmed Markets Yesterday, the Federal Reserve left the interest rate unchanged and maintained the current pace of asset purchases. As usual, Fed Chair Jerome Powell did his best to…

Economic data from the Eurozone and the U.S will be in focus. Expect GDP and jobless claim figures from the U.S to be key later in the day, however. Earlier in the Day: It was another relatively quiet start to the day on the economic…

Meanwhile, WTI oil tries to settle above the $72 level as crude inventories decline. All Eyes On The Fed S&P 500 futures are little changed in premarket trading as traders stay cautious ahead of the Fed Interest Rate announcement and the subsequent commentary. It’s a…

FRANKFURT (Reuters) – Deutsche Bank delivered on Wednesday a better-than-expected quarterly profit despite some unexpected costs and a decline in its investment banking revenue, sending shares of Germany’s biggest lender up 2.2% in pre-market trading. The bank posted a fourth consecutive quarterly profit, its longest…

LONDON (Reuters) – Carmaker Aston Martin reported on Wednesday a 224% increase in sales to its dealers, boosted by its first sport utility vehicle, the DBX, as losses fell in the first half of the year. The DBX 4×4, which first rolled off the production…

Investors are likely monitoring new developments in Asia early Wednesday since steep declines in the region shared the blame for yesterday’s sell-off. U.S. stock index futures are trading nearly flat in the pre-market session early Wednesday after retreating from record highs reached the previous session.…

Durable Goods Orders increased by 0.8% in June. Stocks Decline In Premarket Trading S&P 500 futures are losing ground in premarket trading as some traders continue to take profits near all-time high levels. The major sell-off in China, which was triggered by the regulatory crackdown…

President Joseph Biden’s recovery plan will provide substantial budget support for the recovery and tackle important structural bottlenecks. But a return to a more sustainable fiscal position after the crisis remains crucial. Since the USD 1.9trn American Rescue Plan was signed into law in March,…

The direction of the September E-mini Dow futures contract early Tuesday is likely to be determined by trader reaction to the pivot at 34862. September E-mini Dow Jones Industrial Average futures settled at a record close for the second consecutive session on Monday after recovering…

The Redmond, Washington-based global technology giant, Microsoft, is expected to post its fiscal fourth-quarter earnings of $1.91 per share, which represents year-over-year growth of over 30% from $1.46 per share seen in the same quarter a year ago. The Redmond, Washington-based global technology giant, Microsoft,…