West Texas Intermediate futures jumped 0.36%, trading at $50.03 per barrel, whereas Brent futures rose 0.24%, trading at $50.74 per barrel by 12:10 GMT on Wednesday. In the meantime, gold prices dropped 0.16% to $1.270.50 per troy ounce, and silver prices declined 0.11% to $17.30 per ounce.
The Euro dropped sharply against the US Dollar from its daily highs during the North American trading session on Tuesday. The common-bloc's currency traded at $1.1250 by 14:20 GMT on the New York Stock Exchange, following today's Testimony by Fed Chair Janet Yellen which did not cause any significant market volatility.
Major US indices opened Tuesday's trading session in the green, extending Monday's gains. The Standard & Poor's 500 Index jumped 0.21% to 2,087.70, whereas the Dow Jones Industrial Average Index added 0.18%, to start at 17,836.03, and the Nasdaq Composite Index rose 0.19% to open at 4,845.21 points.
Oil prices dropped sharply on Tuesday after a two-day rally, as investors turned cautious ahead of the June 23 referendum. West Texas Intermediate futures declined 1.56%, trading at $48.60 per barrel by 12:25 GMT, whereas Brent futures fell 1.70%, trading at $49.79 per barrel.
The mood among German investors improved in the sixth month of the year, showing the highest result since August 2015, according to the latest ZEW survey. The ZEW Index grew to 19.2 points in June, following the 6.4 reading seen in the previous month and surpassing the 4.8 market forecast.
Major US stock markets opened solidly higher on Monday, recovering from last week's losses. At the session start, the Standard & Poor's 500 Index added 1.33%, opening at 2,086.19, whereas the Dow Jones Industrial Average Index jumped 1.26% to 17,780.41, and the Nasdaq Composite Index advanced 1.32% to 4,815.34 points.
The Greenback appreciated against the Japanese Yen on Monday as traders made commodity-linked investments on an increased appetite for risk. The US Dollar jumped 0.4% against the Japanese Yen, trading at 104.50 yens by 12:35 GMT on the London Stock Exchange.
West Texas Intermediate futures traded 2.00% higher at $48.94 per barrel by 12:40 GMT on Monday, whereas Brent futures traded 2.20% higher at $50.25 per barrel. Meanwhile, gold prices dropped 0.69% to $1,285.90 per troy ounce, while silver prices grew 0.17% to $17.44 per ounce.
The 'Remain' campaign, according to the latest data published by Oddschecker.com web-site, strengthened its position ahead of the June 23 referendum. The betting odds for a 'Remain' vote shortened to 2/7, indicating support of 78%, whereas the odds for a 'Brexit' vote lengthened to 10/3, showing a 23% support.
Europe's major stock markets finished Friday's trading session in the green driven by a rally in oil prices and gains in the banking sector. Germany's DAX 30 Index added 0.85%, finishing at 9,631.36, while Britain's FTSE 100 Index rose 0.98%, closing at 6,008.96. Meanwhile, France's CAC 40 Index grew 0.98% to 4,193.83, and the pan-European Euro Stoxx 50 Index increased 1.06% to
US stock markets opened Friday's trading session slightly in the red, following mixed housing data. Thus, the Standard & Poor's 500 Index lost 0.12% to 2,075.45, whereas the Dow Jones Industrial Average Index dropped 0.13%, opening at 17,710.25, and the Nasdaq Composite Index declined 0.29%, starting at 4,830.75 points.
Canada's Consumer Price Index dropped to 1.5% in May, following the previous month's 1.7%, Statisctics Canada announced on Friday. Meanwhile, analysts anticipated a slight decrease to 1.6% in the fifth month of the year. On an annual basis, the BoC's core CPI declined to 2.1% from April's 2.2%, in line with analysts' expectations.
Housing starts in the United States rose a to a seasonally adjusted annual figure of 1.164 million units in the fifth month of the year, surpassing the 1.15 million market forecast, the Department of Commerce said on Friday. Meanwhile, April and March readings were revised to 1.167 million and 1.113 million starts respectively.
Building permits rose to a 1.138 million-unit rate in May, almost in line with the previous month's reading of 1.13 million, whereas analysts expected the number of building permits to grow to 1.145 million in the fifth month of the year. Meanwhile, permits for the construction of single-family homes dropped 2% last month to 726,000 units, while multifamily projects increased
Major US indices opened in the red on Thursday, observing macro updates. At the session start, the Standard & Poor's 500 Index dropped 0.47% to 2,041.80, whereas the Dow Jones Industrial Average Index lost 0.46% to open at 7,558.80, and the Nasdaq Composite Index declined 0.49% to start at 4,811.00 points.
According to fresh figures released by the Department of Labor on Thursday, the number of Americans filing for unemployment aid for the first time during the week ended June 11 increased to 277,000, compared to the 270,000 claims anticipated by analysts and the unrevised 264,000 filings seen in the previous seven days.
Month-over-month the core US Consumer Price Index came in at 0.2% on a seasonally adjusted basis in May, in line with the market forecast and April's reading. On an annual basis, the core CPI rose to 2.2%, following the 2.1% reading seen in the previous month and meeting analysts' expectations.
According to the latest news released on Thursday, the Bank of England left its key interest rates unchanged at their record low of 0.5%. In addition, the Committee voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion pounds.
US stock markets opened Wednesday's trading session with gains, ahead of the FOMC meeting due later today. The Standard & Poor's 500 Index added 0.20%, opening at 2,080.02, whereas the Dow Jones Industrial Average Index gained 0.23% to open at 17,716.20, and the Nasdaq Composite Index grew 0.25% to start at 4,855.81 points.
Industrial production decreased the seasonally adjusted 0.4% in May from the prior month's downward-revised 0.6% increase, whereas analysts predicted the 0.1% fall. Meanwhile, capacity utilisation dropped to 74.9% on a seasonally adjusted basis, missing the 75.2% market forecast and April's downward revised figure of 75.3%.
In May, seasonally-adjusted consumer prices grew 0.4% from the previous month's 0.2%, whereas analysts anticipated an increase to 0.3%, the US Department of Labour said on Wednesday. On an annual basis, the US PPI dropped 0.1% on a non-seasonally adjusted basis, in line with analysts' estimates but lower than April's 0.0% reading.
According to the New York Federal Reserve, the Empire State Manufacturing Index for June rose to 6.01, following the 9.02 fall seen in the previous month, when it dropped for the first time since February. In the meantime, analysts expected to see an acceleration to -4.0 in the sixth month of the year.
Britain's unemployment rate dropped to 5.0% in the quarter to April, whereas analysts expected the reading to came in at 5.1% as in March. Meanwhile, the number of people filing for unemployment benefits fell by 400 in May, while the previous month's figure was revised up to an increase of 6,400 from an originally reported decline of 2,400.
Europe's equity markets closed in the red on Tuesday amid Brexit fears. Germany DAX 30 Index finished 1.50% lower at 9,512.71, whereas Britain's FTSE 100 Index lost 2.01%, closing at 5,923.20 points. Meanwhile, France's CAC 40 Index dropped 2.32% to 4,129.06, and the pan-European Euro Stoxx 50 Index declined 2.02%, finishing at 2,795.97 points.