Financial News

U.S. jobless claims rose above forecasts, but strong Q2 productivity and easing unit labor costs support a mildly bullish outlook for equities and manufacturing.

Trade data beats forecasts, yet PMI weakness and tariff threats cast doubt on China’s outlook.

Gasoline inventories declined by 1.3 million barrels from the previous week.

The report indicated that services sector remained in expansion territory.

Pfizer raises 2025 profit forecast after strong Q2 results, while Yum Brands struggles with weak US sales at KFC and Pizza Hut. Full earnings breakdown inside.

Palantir stock surges in pre-market after crushing earnings estimates, boosting Nasdaq 100 and tech stock forecasts across US indices.

US tariffs hit China’s manufacturing, while services rebound with higher demand and staffing, deepening sector divergence.

U.S. dollar remains under strong pressure as traders react to economic reports.

U.S. adds just 73K jobs in July; major downward revisions raise odds of a Fed rate cut as unemployment hits 4.2% and market confidence weakens.

July’s weak China PMI hits AUD and Hang Seng as export orders slump and stimulus hopes take center stage.

Apple stock jumps 3% after Q3 earnings beat, driven by iPhone 16 sales and China growth. Services and Mac also post strong gains, offsetting iPad weakness.

Natural gas prices tested new lows as traders reacted to the report.

U.S. personal income and spending each rose 0.3% in June, reflecting stable consumer demand and supporting a neutral outlook for equities and bonds.

June PCE inflation rose 0.3%, the highest in four months, raising doubts over a fall rate cut as tariff effects push prices above the Fed’s 2% target.

Weak Chinese manufacturing and U.S. tariff risks raise fears over export and GDP growth outlook.

The central bank did not bow to pressure and remained focused on returning inflation to its 2% target.

Gasoline inventories declined by 2.7 million barrels from the previous week.

U.S. Q2 GDP beat forecasts at 3.0%, boosted by falling imports and stronger consumer spending. Traders eye bullish signals in inflation and growth data.

U.S. private payrolls rose by 104K in July, beating forecasts. Strong gains in leisure and finance suggest labor market resilience.

CB Consumer Confidence increased from 95.2 in June to 97.2 in July.