US trade gap widens more than expected in May

Source: WBP Online
The US trade deficit widened to $60.6 billion in May, following the 57.5 billion gap seen in the previous month and surpassing the 59.4 market forecast, fresh figures from the Department of Commerce showed on Monday. The country's exports dropped 0.5% to $119 billion, whereas imports grew 1.4% to $179.6 billion last moth.
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Tue, 28 Jun 2016 12:48:23 GMT

US GDP grows 1.1% in Q2

The US Gross Domestic Product expanded at an annual rate of 1.1% in the Q2 2016, compared to the 0.8% increase reported earlier and the 1.0% market forecast, according to the third estimate released by the Bureau of Economic Analysis on Tuesday. In the meantime, the GDP Price Index was revised down to 0.4% from 0.6%.

Mon, 27 Jun 2016 14:33:13 GMT

Oil falls further on Brexit vote

West Texas Intermediate futures dropped 2.14%, trading at $46.62 per barrel, whereas Brent futures declined 2.13%, trading at $47.38 per barrel by 14:25 GMT on the New York Stock Exchange on Monday. Meanwhile, gold prices rose 0.61% to $1,330.50 per troy ounce, and silver prices grew 0.20% to $17.825 per ounce.

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