Weekly Jobless Claims Rise in the U.S
🔻 The number of initial jobless claims rose by 14,000 to 240,000 in the week ending May 24. This was the highest in a month and above the market forecast of 230,000. 🔻 Continuing claims, which reflect the number of...
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U.S. Economy Enters First Quarterly Contraction Since 2022
The U.S. economy contracted in the first quarter of 2025, with GDP declining at an annualized rate of 0.2%. This was slightly better than the initial estimate of a 0.3% drop. However, it still marked the first quarterly decline since...
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Canada’s Current Account Deficit Narrows in Q1 2025
Canada’s current account deficit narrowed to CAD 2.1 billion in the first quarter of 2025. This was down from CAD 3.6 billion in the previous quarter and well below market expectations of CAD 3.25 billion. Overall, this trend in Canada’s...
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FTSE 100 Nears Three-Month High!
📉 The FTSE 100 index was little changed on Wednesday. It stayed close to its three-month high after gaining 0.7% in the previous session.📌 Today’s market action was largely influenced by company-specific news. This was rather than macroeconomic data or...
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European Indices Stalled!
📉 Market Snapshot 🔹 STOXX 50 and STOXX 600 showed little change on Wednesday🔹 European indices, including these two, hovered near previous levels after two consecutive days of gains🔹 Investors are taking a wait-and-see approach amid global uncertainties Educational Section:...
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