Pro-Gaza independent candidates win against Labour in UK local elections as Reform UK gains ground.
In a small British town north of Manchester, two pro-Gaza candidates have secured their positions, previously held by the Labour Party. Both ran as independents in the local elections held on May 1. Maheen Camran, just 18, claimed the Burnley Central East seat on Lancashire County Council, while Hazard Ali took the Nelson Eastward county […]
US unexpectedly gains 177K jobs in April even with tariffs in place
In April, the job market saw an addition of 177,000 positions, which notably surpassed what analysts were anticipating, suggesting that President Trump’s tariffs haven’t yet significantly impacted employment numbers. However, this figure marks a decrease from the previous month, where job growth hit 228,000. The unemployment rate held steady at 4.2%, as reported by the […]
EUR/USD loses some early gains as US NFP exceeds expectations – FXStreet
The EUR/USD is losing some of its earlier gains as the US dollar rebounds following the April Non-Farm Payroll (NFP) data. April’s flash HICP data for the Eurozone indicates inflation pressures increased more than anticipated. China has expressed readiness to engage in trade discussions with the United States, which has improved market sentiment. The EUR/USD […]
Gold sticks to modest intraday gains; lacks bullish conviction ahead of US NFP report – FXStreet
Gold prices gain positive traction and leave Thursday's two-week low set. The modest USD downtick provides support for the Xau/USD pair ahead of the US NFP report. Optimism about the possibility of US-China trade negotiations may curb valuable metals. Gold prices (XAU/USD) touch on new daily highs in the early days of Friday's European session, […]
S&P 500 Gains and Losses Today: Index Rises After Strong Start to Big Tech Earnings – Investopedia
Key takeout The S&P 500 rose 0.6% on Thursday, May 1, securing its eighth straight winning sessions as strong Microsoft and Meta results helped boost tech stocks. Microsoft stocks surged after the software giant tops its quarterly forecasts and promoted the strength of its cloud computing and AI business. Eli Lilly and Chipmaker's shares of […]
Australian Dollar recovers recent losses as US Dollar trims gains – FXStreet
The Australian dollar is under pressure as the US dollar strengthens, supported by signs that ease tensions between the US and China. China’s move to exempt certain US imports from 125% tariffs has sparked optimism for better trade relations. The Federal Reserve is in a power outage ahead of the Federal Open Market Committee meeting […]
Gold loses its early gains -Analysis-28-04-2025 – Economies.com
EURUSD prices have been resolved with a slight decline in recent internal transactions due to continued negative pressure from trading below EMA50, retaining support above 1.1310, favoured by the emergence of a positive signal of (RSI). This is because trading is dominated alongside the short-term bearish wave domination and minor bullish bias lines, […]
Stocks close with gains as White House signals trade progress with China
The US stock market was shut down with solid profits as traders thought that President Trump’s trade war with China could cool off. The market rose in the morning, but actually gained momentum Tuesday afternoon after several media outlets revealed comments from Treasury Secretary Scott Bescent. “I don’t think the current situation is sustainable,” Bessent […]
Stock market today: Dow gains 1,000 points, S&P 500 and Nasdaq gain over 2.5% on signs of tariff progress – Yahoo Finance
Buying a home in America can be difficult. Homebuilder Pultegroup (PHM) warned in a post-revenue conference call that rising tariff costs will put pressure on home prices and affect all prices in the market. “We are in the $5,000 range on average, which affects all the prices and consumer groups we serve. There may be […]
Australian Dollar depreciates as US Dollar holds gains due to stronger consumer spending – FXStreet
The Australian dollar has stagnated as employment changes came at 32.2K against a consensus forecast of 40k. Australia’s unemployment rate rose to 4.1% in March, with market forecasts just below 4.2%. The US dollar received support as consumer spending was strengthened in March. Australian Dollar (AUD) trades lower USD (USD), snaps a 6-day winning streak. […]