Financial News

Nike stock slipped after beating Q4 estimates, as traders remain cautious on its turnaround and the retail forecast across US stocks and Dow Jones indices.

The Israel-Iran truce fails to permanently reduce geo-political uncertainties weighing on an already subdued economic outlook for Europe, but the crisis’s impact on Europe’s economy is limited for now.

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

Durable goods orders soared in May, led by transportation, while rising insured unemployment hints at labor market strain. Traders should watch sector signals.

China boosts financial support to lift consumer demand amid rare-earth export tensions.

Gasoline inventories decreased by 2.1 million barrels from the previous week.

The report indicated that confidence declined in all age groups and almost all income groups.

Markets weigh stimulus hopes and truce risks as rare earths and tech exports take center stage.

U.S. existing-home sales rose 0.8% in May, but high mortgage rates keep pressure on demand. Inventory and prices continue to rise. Read the full market outlook.

Traders shrug off geopolitical risks and focus on the better-than-expected PMI data.

The US and European economies will expand more slowly in 2025 than previously forecast, contributing to more moderate global economic growth, with risks for the global economy skewed to the downside, Scope Ratings says.

Philly Fed survey shows continued weakness in factory activity as job losses rise and new orders soften, signaling a bearish outlook for industrials.

Weak UK retail data revives BoE rate cut talk; services inflation and labor trends remain key policy hurdles.

Fed has also raised PCE inflation projections for 2025, 2026, and 2027.

Oil traders react to EIA data and focus on Trump’s comments on Iran.

U.S. housing starts fell 9.8% in May while jobless claims held steady. Builders face pressure as permits decline and multi-family demand weakens.

Sticky services inflation and oil price risks may delay BoE policy shifts despite weak GDP.

The report showed that 37% of builders cut prices in June.

U.S. retail sales fell 0.9% in May while core sales dropped 0.3%, missing forecasts and raising concerns over consumer demand and Fed policy direction.

Rare earth exports and China’s EV chip push reshape the balance in US-China trade talks. Hang Seng gains on easing trade tensions despite Middle East conflict.