Financial News

Natural gas prices are moving towards multi-week lows as traders react to the bearish EIA report.

GDP growth and labor market show resilience. Mixed durable goods and rising jobless claims average require ongoing scrutiny.

Gasoline inventories decreased by 5.5 million barrels, missing analyst expectations.

German GfK Consumer Climate Indicator rises to -18.4 in August, as Income Expectations surge to the highest level since October 2021.

Tesla’s Q2 earnings miss estimates, while Alphabet’s steady performance boosts confidence. Discover the tech giants’ contrasting fortunes in our detailed analysis.

The median existing-home price reached all-time high levels.

It could be a crucial week. Services sector PMIs will give clues on economic activity midway through Q2 before US inflation numbers on Friday.

GBP/USD dips on weak UK retail sales; BoE rate cut bets may rise as consumer spending falters. But, inflation and wage growth issues linger.

Netflix Q2 earnings beat expectations, but stock falls on weak Q3 guidance. Tech sector wavers as streaming giant’s mixed results impact Nasdaq 100.

Natural gas is trying to rebound as traders react to the EIA report.

Despite headline inflation dipping to 2.5% in June, core inflation remains sticky at 2.9%, surpassing consensus forecasts and indicating persistent price pressures

Gasoline inventories increased by 3.3 million barrels, exceeding analyst expectations.

Unexpected strength in permits and starts, plus surging completions, show housing market resilience despite high interest rates

UK CPIH up 2.8% in June; clothing prices fall, restaurants and hotels lead gains. Labor market and retail sales become crucial data releases.

According to the report, builders are increasingly cutting home prices to boost sales.

June’s stable retail sales and strong e-commerce and food service performance hint at a cautiously bullish outlook for consumer-related stocks.

BAC’s strong Q2 and positive banking sector trends suggest a bullish short-term outlook for financial stocks, reflecting industry-wide momentum.

A hung parliament in France mitigates risk of significant fiscal slippage due to the policy agendas of the far right or radical left. Still, reform momentum will likely stall given the need for compromise.

The steady decline in Empire State business activity, continued job contraction, and modest price increases suggest a bearish short-term outlook.

Goldman’s results serve as a barometer for the financial industry, suggesting renewed confidence in market activities.