Source: Economic Times Chinese equities were dragged by growth concerns to slip the most in nearly four months, a day after the Communist Party celebrated its 100th anniversary. The CSI300 index declined by 2.8% to 5,081.12, while the Shanghai Composite Index shed 2% to 3,518.76. The two indexes recorded the biggest daily drop since March.The biggest declines were seen in … [Read more...] about Chinese Stocks Post Biggest Slump in Four Months on Growth Concerns
Forex News
What Next For Crude After Rally: Analysts Dissent on $100 Oil Possibility
Source: CNBC Wall Street can’t keep calm after oil prices surged towards $80 a barrel for the first time in two and half years. Analysts now disagree on whether a return to $100 a barrel oil is upcoming. CL1! is up +0.24% Vaccine rollouts, easing of restrictions, and production cuts have seen oil jump at least 45% in the first half of this year, and analysts expect … [Read more...] about What Next For Crude After Rally: Analysts Dissent on $100 Oil Possibility
USDCAD Tanks on Oil Prices Boost As Silver Tries to Breakout
The Canadian dollar is strengthening against the US dollar, sending USDCAD lower.EURGBP pair is trying to break out of a tight trading range amid British pound weaknessUS indices ended the first half of the year at record highs registering double-digit gains.Ethereum bounces back from six-month lows has stalled with ETHUSD remaining under pressure. The US dollar is losing … [Read more...] about USDCAD Tanks on Oil Prices Boost As Silver Tries to Breakout
Manufacturing Growth Cools in June
Source: Institute for Supply Management Manufacturing output expanded for the 13th straight month in June, albeit at a slower rate, on the back of supply shortages, commodity price hikes, and transportation issues. The Manufacturing PMI stood at 60.6%, slower than the 61.2 recorded in May. This is the 13th straight month of expansion since April 2020.All the six major … [Read more...] about Manufacturing Growth Cools in June
US Unemployment Claims Fall to Fresh Pandemic-Low
Source: US Labor Department American unemployment claims returned below the 400,000 level to mark a fresh pandemic low. DXY is down 0.03%, while GOLD is up 0.41%. Seasonally adjusted initial claims for the week ending June 26 declined by 51,000 to 364,000. This is the lowest since claims stood at 256,000 on March 14, 2020.The previous week’s level was revised 4,000 higher … [Read more...] about US Unemployment Claims Fall to Fresh Pandemic-Low
