Economy

Retail Sales declined by 1.3% month-over-month in May. Market Shows Little Reaction To Retail Sales Report As Traders Stay Focused On Fed U.S. has just provided Retail Sales report for May. Retail Sales decreased by 1.3% month-over-month in May compared to analyst consensus which called…

PRAGUE (Reuters) – Easing inflation gives the Czech National Bank more time to assess when to raise interest rates, and it would be “more reasonable” keep rates unchanged at its June 23 policy review, board member Oldrich Dedek told Reuters. Having kept its main two-week…

European shares rose for an eighth straight session as optimism around a speedy economic recovery across the region lifted industrial stocks, while technology shares tracked an overnight jump in their U.S. peers. The pan-European STOXX 600 was up 0.3% by 07:15 GMT in its longest…

Dow Jones Index (US30) has been taking a few weeks break since its last high. But the consolidation zone is simply going sideways, which is a bullish signal. The Dow Jones Index (US30) has been taking a few weeks break since its last high. But…

Meanwhile, WTI oil managed to get above the $71 level as oil rally continues. Traders Wait For Additional Catalysts S&P 500 futures are mostly flat in premarket trading as traders wait for key catalysts that will be released later this week. There are no important…

Japan’s Nikkei rose 0.7% while MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2%. Activity was limited with the region’s largest markets – China, Hong Kong and Australia – closed for a holiday. Globally, markets were basking in the prospect of a broadening…

As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing programme may disappoint those who had visualised last year’s deal for pooled debt as Europe’s Hamiltonian moment. Agreed in July as the pandemic raged, the…

London’s FTSE 100 index edged higher on Friday, helped by gains in mining and healthcare stocks, while a record annual jump in domestic economic output in April strengthened views of a stronger recovery from the pandemic-driven disruption last year. The blue-chip index rose 0.3%, with…

It’s a bearish start to the day for the majors. A Bitcoin move back through to $38,000 levels would deliver support to the broader market. Bitcoin, BTC to USD, fell by 1.89% on Thursday. Partially reversing an 11.83% rally from Wednesday, Bitcoin ended the day…

TOKYO (Reuters) -Japanese Prime Minister Yoshihide Suga is likely to compile another big economic stimulus package before calling a snap election in September, the Nikkei newspaper said on Thursday, although most major economies have scaled back crisis-mode policies to combat the coronavirus. Opposition parties have…