US total retail sales grew 0.5% in May, surpassing the 0.3% market forecast and following April's unrevised 1.3% hike, the Department of Commerce announced on Tuesday. Meanwhile, the country's import prices rose 1.4% in May, compared to the upwardly revised 0.7% gain seen in the previous month and the 0.7% forecast.
Europe's stock markets closed in the negative territory on Monday with Brexit concerns weighing on sentiment. Germany's DAX 30 Index dropped 1.53%, closing at 9,684.40, while Britain's FTSE 100 Index declined 0.92%, finishing at 6,059.64 points. Meanwhile, France's CAC 40 Index lost 1.54% to 4,240.24, and the pan-European Euro Stoxx 50 Index decreased 1.67% to 2,862.39 points.
The British Pound managed to erase some of the daily losses by 14:10 GMT on the London Stock Exchange on Monday. Thus, the Sterling added about 40 pips against the US Dollar , trading at $1.4160. Still, the pair traded 0.60% lower on the day. According to the ORB poll 55% would vote to leave the European Union, whereas 45% would vote to
West Texas Intermediate traded 1.43% lower at $48.37 per barrel, whereas Brent traded down 1.46% at $49.80 per barrel by 13:45 GMT on the New York Stock Exchange on Monday. Meanwhile, gold rose 0.68%, trading at $1,284.60 per troy ounce, and silver grew 0.03%, trading at $17.335 per ounce.
Wall Street started Monday's trading session in the red zone. The Standard & Poor's 500 Index lost 0.30%, opening at 2,080.16 points. In the meantime, the Dow Jones Industrial Average Index dropped 0.36%, starting at 17,712.71, and the Nasdaq Composite index declined 0.48% to open the North American trading session at 4,864.55 points.
China's industrial output grew 6.0% year-over-year in May, unchanged from the previous month's reading and in line with the market forecast. In the meantime, the country's retail sales jumped 10.0% on an annual basis in May, falling behind the 10.1% growth rate seen in April but meeting analysts' expectations.
West Texas Intermediate traded 1.54% lower at $49.78 per barrel by 14:10 GMT on Friday on the New York Stock Exchange, whereas Brent futures traded 1.73% lower at $51.05 per barrel. In the meantime, gold jumped 0.39%, trading at $1,277.70 per troy ounce, and silver rose 0.45%, trading at $17.345 per ounce.
According to the latest news released on Friday, the Preliminary University of Michigan's Consumer Sentiment Index for the United States came in at 94.3 in June after the final 94.7 seen in the previous month. In the meantime, analysts expected the Consumer Confidence Index to come in at 94.0.
Major US stock markets opened in the negative territory on Friday. At the session start, Standard & Poor's 500 Index dropped 0.72% to 2,099.53, whereas the Dow Jones Industrial Average Index declined 0.63%, starting at 17,860.60, and the Nasdaq Composite Index lost 0.83%, opening at 4,918.62 points.
According to the latest news released by Statistics Canada on Friday, the Canadian economy generated 13,800 net new jobs in May, following the 2,100 decline seen in the previous month and surpassing the 5,000 market forecast. The data also showed that the unemployment rate dropped to 6.9% from April's 7.1%.
Europe's stock markets finished Thursday's trading session in the red, driven by lower crude oil prices and Asian equities. Germany's DAX 30 Index lost 1.08%, finishing at 10,107.80, whereas Britain's FTSE 100 Index dropped 0.88%, closing at 6,249.30 points. Meanwhile, France's CAC 40 Index declined 0.76% to 4,415.70, and the pan-European Euro Stoxx 50 Index decreased 0.68% to 2,996.50 points.
West Texas Intermediate traded 1.42% lower at $50.50 per barrel by 14:10 GMT on Thursday on the New York Stock Exchange, whereas Brent futures traded 1.26% lower at $51.85 per barrel. Meanwhile, the bullion jumped 0.35% to $1,266.70 per troy ounce, and silver rose 0.88% to $17.135 per ounce at the same time.
According to the latest data released by the Department of Commerce on Thursday, US wholesale inventories rose 0.6% in the fourth month of the year, following March's upwardly revised 0.2% reading and surpassing the 0.1% market forecast. It was the highest result since June 2015.
US stock markets opened Thursday's trading session in the red zone, erasing yesterday's gains. At the session start, the Standard & Poor's 500 Index dropped 0.42%, opening at 2,109.13, whereas the Dow Jones Industrial Average Index declined 0.37% to 17,931.98, and the Nasdaq Composite Index index lost 0.32% to 4,954.64 points.
According to the US Department of Labor, the number of Americans filing for unemployment aid for the week ended June 4 dropped to 264,000, surpassing the 270,000 market forecast and following the upwardly revised 268,000 reading seen in the previous seven days. It was the 66th week since initial jobless claims remained below the 300,000 level.
The Energy Information Administration's weekly report revealed on Wednesday that crude oil inventories in the United States shrank by 3.2 million barrels in the week ended June 3, surpassing the 1.4 million fall seen in the previous seven days but falling behind the 3.3 million drop forecast.
In the United States, job openings rose to 5.8 million in the fourth month of the year, following the previous month's 5.76 reading, the Job Openings and Labor Turnover Survey showed on Wednesday. In the meantime, analysts expected to see a drop to 5.67 million in April.
US stock markets opened Wednesday's trading session higher. At the session start, the Standard & Poor's 500 Index grew 0.10%, opening at 2,114.35, whereas the Dow Jones Industrial Average added 0.12%, starting at 17,960.30, and the Nasdaq Composite Index jumped 0.17%, opening at 4,970.35 points.
Manufacturing output in the UK rose 2.3% month-over-month in April, following the 0.1% gain posted in March and surpassing expectations for an unchanged reading. Year-over-year, Britain's manufacturing production grew 0.8%, compared with the 1.9% drop seen last year and the 1.5% fall forecast.
Britain's industrial output rose 2% month-over-month in April, following March's 0.3% gain and surpassing analysts expectations' for an unchanged reading. On an annualized basis, the country's industrial production grew 1.6%, compared with the -0.2% reading seen last year and the -0.4% forecast.
Major European stock markets finished significantly higher on Tuesday, following recent macroeconomic updates, a rally in oil prices and the hopes of a possible rate hike by the Fed later in the year. Germany's DAX 30 Index grew 1.66% to 10,289.36, while Britain's FTSE 100 Index rose 0.18% to 6,284.53 points. Meanwhile, France's CAC 40 Index added 1.19% to 4,475.86, whereas the pan-European
The Richard Ivey School of Business announced on Tuesday that its Purchasing Managers' Index for Canada dropped to 49.4 on a seasonally adjusted basis in the fifth month of the year, following the 53.1 reading seen in the previous month and falling behind the 52.0 market forecast.
West Texas Intermediate futures traded 0.91% higher at $50.14 per barrel, whereas Brent traded 1.11% higher at $51.11 per barrel by 14:15 GMT on Tuesday on the New York Stock Exchange. Meanwhile, the bullion dropped 0.34% to $1,243.20 per troy ounce, and silver decreased 0.44%, trading at $16.375.
According to the latest data released by the United States Bureau of Labor Statistics on Tuesday, unit labor costs rose 4.5% on a seasonally adjusted basis in the Q1 of 2016, following the 4.1% reading seen in the last quarter of 2015 and surpassing the 4.0% market forecast.