Market News

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European Markets Rally as Strong Data Offsets US Economic Slowdown Concerns

European stock markets closed mostly higher on Wednesday, influenced by US economic data and investor anticipation of earnings reports. Key indices like the DAX, CAC 40, and FTSE 1...

Market

Tech Titans and Economic Indicators: US Futures Hold Steady Ahead of Major Earnings Reports

US stock futures remained steady as investors await earnings from major tech and industrial companies, alongside key economic indicators. Reports from Meta, Microsoft, and eBay, am...

Market

European Markets Open Higher as Earnings Season and Economic Data Take Center Stage

European stocks opened higher as traders analyzed the latest earnings from major companies and awaited key economic updates. The DAX and Euro Stoxx 50 saw gains, with Deutsche Post...

Market

Oil Prices Tumble Over 1% Amid Growing Recession Fears and Rising US Inventories

Oil prices dropped over 1% due to recession fears and a rise in U.S. oil inventories. Consumer confidence hit a pandemic low, and job openings were fewer than expected, signaling e...

Market

Trump's Promise of a 'Fair Deal' with China Sends Gold Prices Tumbling Over 1%

Precious metals, especially gold, fell significantly after President Trump hinted at a 'fair deal' with China, easing investor worries and reducing demand for safe-haven assets. Go...

Market

Supermicro's Stock Plummets 20% Amid Cooling AI Demand and Surging Costs

Super Micro Computer Inc. sees a 20% stock drop after lowering Q3 forecasts due to delayed orders and higher costs, highlighting challenges in the AI and server market.

Market

US Crude Oil Inventories See Significant Drop: A 2.7M Barrel Decrease Sparks Market Interest

The EIA reports a 2.7 million barrel decrease in US commercial crude oil inventories, with refinery inputs up and gasoline production down. Crude oil imports fell slightly, while t...

Market

European Markets Rally on Strong Data Despite US Economic Slowdown Signals

European stock markets closed mostly higher amid lower-than-expected US economic data, with German DAX and CAC 40 showing gains. The euro and pound weakened against the dollar.