The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9. The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026. "Official establishment survey estimates are not updated based on this preliminary benchmark revision. The final benchmark revision will be incorporated into official estimates with the publication of the January 2026 Employment Situation news release in...
Oil prices were little changed on Wednesday after volatile trading in the previous session as investors shrugged off the impact of China's tariffs on U.S. energy imports though President Donald Trump's renewed push to eliminate Iranian crude exports provided some support. Brent crude futures were down 18 cents, or 0.24%, at $76.02 a barrel by 0210 GMT. U.S. West Texas Intermediate crude (WTI) lost 9 cents, or 0.12%, to $72.61. Oil on Tuesday traded in a wide range, with WTI falling at one point by 3%, its lowest since Dec. 31, after China announced tariffs on U.S. imports of oil, liquefied...
Gold rose to a record high, after advancing by almost 1% in the previous session, as the opening salvos of the US-China trade war stoked haven demand. Bullion reached an all-time peak of $2,849.05 an ounce on Wednesday. That came after President Donald Trump hit Chinese imports with a 10% tariff the day before, prompting a swift but more targeted retaliation from Beijing. The response from China was relatively muted compared to Trump's first term, when Beijing hit back with tariffs that were almost on par with the US, but there's still plenty of trepidation about the...
The Australian and New Zealand dollars clung to gains on Wednesday ahead of the resumption of trade in Chinese markets, where eyes are on Beijing's fixing of the yuan midpoint rate following the outbreak of Donald Trump's trade war. The dollar was on the back foot in the early Asian session, giving some respite to heavily battered currencies like the euro, which bounced back above the $1.02 level and last bought $1.0374. Volatility in currency markets eased a little on Wednesday after a turbulent start of the week following Trump's imposition of steep tariffs on top U.S. trading partners,...
Gold reached a record high of $2,845 late Tuesday during the North American session as the US Dollar tumbled, weighed down by falling US Treasury bond yields. The "trade war" between the United States (US) and China sparked a flight to the yellow metal's safe-haven status. The XAU/USD trades at $2,843, up more than 1%. Geopolitical issues are driving bullion prices. Although US President Donald Trump delayed tariffs on Mexico and Canada, duties of 10% on Chinese goods kicked in, sparking retaliatory actions by China. China applied tariffs on specific products, such as coal, Liquefied...
Oil prices steadied after falling on concerns that the U.S.-China trade war would hurt global growth, offset by President Donald Trump's increasing economic pressure on Iran. West Texas Intermediate crude was trading below $73 a barrel after a rocky start to the week as markets were rattled by tariff announcements and subsequent delays. Brent crude settled above $76. Trump has sought to use sanctions and tougher enforcement of existing measures to increase pressure on Tehran On Tuesday, Beijing issued a swift but calculated retaliation to Trump's levies, which so far appear to be...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...