News Stream

Why Micron Will Miss Out on a 50% Rise in Memory Prices ↗

Strategy Builds $6.69B Cash War Chest While Holding 4% of Bitcoin Supply ↗

How to buy travel insurance (and when to skip it) ↗

Weekly survey of mortgage lenders with the lowest rates: Holding firm in the mid-6s ↗

Bitcoin and ethereum prices today, Monday, August 24, 2026: Prices rising, as investors look for more Fed clues this week ↗

Block Stock Is Up Just 3% This Past Year. Here's What to Know About This Executive's Latest Insider Transaction ↗

Gemini crypto exchange review 2026: Bank-grade security comes at a price ↗

Silver prices today, Monday, August 24, 2026: Why silver remains on a roll, up over 18% month-over-month ↗

Gold prices today, Monday, August 24, 2026: 'Gold to stay hot through the end of the month' ↗

Best CD rates today, Monday, August 24, 2026: Lock in up to 4.35% APY ↗

Most Investors Overlook MSFT's AI Moat. I Think That's a Mistake. ↗

Mortgage and refinance rates today, Monday, August 24, 2026: Purchase and refi rates prove shopping matters ↗

Nvidia's valuation looks surprisingly cheap heading into earnings. Could it be an issue for the stock? ↗

In US-Canada trade spat, Washington left out a key lever: Canadian oil ↗

Bitcoin has just wiped out three months of losses in 1 week ↗

Prediction: This Stock Will Outperform the "Magnificent Seven" in the Second Half of 2026 ↗

Investors shrug off US sanctions plan for Iran, bitcoin powers on ↗

Dollar edges higher as investors weigh Iran sanctions, Treasury buybacks ↗

India’s Crude Import Bill Surges as Hormuz Shipping Rates Soar ↗

Coca-Cola's new CEO can boast about something that billionaire Mag 7 members Elon Musk and Mark Zuckerberg can't ↗

HELOC and home equity loan rates today, Tuesday, August 25, 2026: Besides rates, how to choose between a HELOC or home equity loan ↗

Best CD rates today, Tuesday, August 25, 2026: Lock in up to 4.30% APY today with multiple offers ↗

Mortgage and refinance rates today, Tuesday, August 25, 2026: Rates mixed this morning ↗

Best high-yield savings interest rates today, Tuesday, August 25, 2026: Earn up to 4.15% APY ↗

Avantus secures $300m in tax equity for Aratina 2 solar storage project ↗

Nvidia faces growth test as Rubin debut meets AI financing scrutiny ↗

AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO ↗

'Pretend like you don't have it': 23-year-old New Yorker asks Dave Ramsey what not to do with sudden $450K inheritance ↗

Stock market today: S&P 500, Nasdaq futures recover in countdown to Nvidia earnings, Fed Jackson Hole summit ↗

RUM Group signs six-year $13.7bn GPU services contract ↗

Bitcoin's surging price faces 1 key level that could signal if the bear market is really over ↗

Your day-ahead look for Aug. 25, 2026

The debt-fueled AI build-out may already be too big to fail ↗

The Federal Reserve’s pandemic corporate credit facilities have capped downside risks and remain part of its tool kit, says BofA Global

Stick with value stocks until everyone is talking about them — and they are still under the radar, this Wall Street firm says. ↗

BofA says investors continue to overlook value stocks, which work particularly well in a new era of higher interest rates and inflation.

US Dollar: Debasement fears meet historical skepticism – MUFG ↗

MUFG analysts Derek Halpenny and Abdul-Ahad Lockhart note that the Dollar Index (DXY) is consolidating after a modest rebound, even as markets focus on US fiscal concerns, Treasury buybacks and perceived USD debasement.

Malacca States Vow to Keep Asia’s Busiest Shipping Route Open ↗

The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s busiest maritime thoroughfare free and open to vessels amid the ongoing crisis in the Strait of Hormuz in…

Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend ↗

Bitcoin price analysis eyes the potential end of its current macro downtrend based on weekly RSI signals.

Oil prices decline as investors brush aside Bessent’s ‘economic D-Day’ for Iran ↗

West Texas Intermediate and Brent crude’s contracts for October delivery both declined by about 3%.

Euro stands above 1.1650, supported by upbeat German macroeconomic data ↗

The Euro (EUR) remains practically flat against the US Dollar (USD) on Tuesday, trading above 1.1650, at a relatively short distance from the three-month highs, at 1.1710 hit last week.

New Delhi draws in $73 billion in 11 weeks, powered by special deposits for non-resident Indians ↗

India has attracted inflows of $73 billion in 11 weeks, driven mostly by foreign currency bank deposits made by non-resident Indians.

Gold hovers near three-month high on dollar weakness, Treasury bond buyback plans ↗

Gold prices fell Tuesday after rising to their highest in over three months.

Thailand moves closer to Bitcoin, Ether ETFs with draft rules ↗

Thailand’s SEC opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians.

A Trading Plan Adopted in March Just Moved Block Shares at $80.80. Here's What Changed at the Company in Between ↗

Novo Nordisk Expands Its AI Push With AWS, But Can It Accelerate Drug Discovery? ↗

Samsung Electronics shares skid as record shareholder returns disappoint ↗

AstraZeneca’s Earnings Beat Shows Momentum, But Can its Pipeline Deliver $80 Billion in Revenue? ↗

New Sinopec boss presses reset for world's biggest oil refiner ↗

Why Retirees Are Dumping Individual Bonds for This ETF and Collecting 4.37% Tax Free ↗

Stablecoin card spending forecast to hit $50 billion a year by 2028 - RedotPay ↗

Melrose shares climb on Garden Grove plant reopening timeline ↗

Block's Chief Legal Officer Reported a Disposition While the Company Builds Out Its Own Bank. Here's What to Know ↗

APC invests in electron beam coating and precision slitting tech for tea packaging ↗

British Pound: Dovish repricing points to weakness against Euro – ING ↗

ING’s Francesco Pesole observes EUR/GBP has slipped back to the 0.8550-0.8560 area as the earlier Euro premium fades and bond market calm returns.

‘My main goal is to help people’: I’m single, 74, with $10 million burning a hole in my pocket. What should I do? ↗

“I also own my home and an SUV outright, with no outstanding debt.”

Euro advances against Japanese Yen as German business sentiment improves ↗

EUR/JPY advances to around 185.85 on Tuesday at the time of writing, gaining 0.15% on the day.

Standard Chartered becomes first bank distributor of HKD stablecoin ↗

The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking.

One Wall Street measure of market fragility just hit its highest possible level. The last time it did, volatility spiked. ↗

The market turbulence indicator hit 1 on Aug. 19 for the first time since December 2024 following the presidential election.

Hungarian Forint: Holding firm against Euro below key resistance - Societe Generale ↗

Societe Generale strategists expect Hungary's central bank, Magyar Nemzeti Bank (MNB), to cut rates by 25 bp to 5.50% today, with dovish July minutes and softer-than-expected inflation leaving room for further easing.

SEC reportedly subpoenas Wall Street banks over AI hedge fund Situational Awareness's near collapse ↗

The SEC is seeking information from major Wall Street banks about trades and financing tied to AI-focused hedge fund Situational Awareness.

India’s Crude Import Bill Surges as Hormuz Shipping Rates Soar ↗

India’s crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to…

Canadian Dollar: Tariff risks cloud outlook – Commerzbank ↗

Michael Pfister at Commerzbank assesses the potential impact of higher US auto tariffs on Canada and the Canadian Dollar.

US 10-year Treasury yield at 4.74% as of August 21

The U.S. 10-year Treasury yield was 4.74% as of August 21, up 0.05 percentage points on the day and 0.03% higher on the week. The level kept the benchmark yield near multi-year highs seen in recent months. The 10-year Treasury yield serves as a global reference rate, influencing borrowing costs for mortgages, corporate debt, and government financing around the world.

Russia 10-year bond yield rises to 16.18% as of August 24

Russia's 10-year government bond yield stood at 16.18% as of August 24, up 0.238 percentage points on the day and 0.24% higher on the week. The elevated yield reflects both the Bank of Russia's aggressive rate-hiking cycle and the risk premium associated with the country's financial isolation. Higher government bond yields signal greater borrowing costs for the state and typically ripple through to corporate lending rates.

Altria rises 3.60% to $68.47 on August 25

Altria Group shares gained 3.60% to $68.47 on August 25, extending a 5.03% weekly advance and making it one of the stronger performers among large-cap U.S. consumer staples stocks over the period. The move pushed the stock to its highest level in several weeks. Altria is the parent company of Philip Morris USA and generates the bulk of its revenue from cigarettes, making it a closely watched name in the tobacco industry.

Tesla falls 3.83% to $348.95 on August 25

Tesla shares declined 3.83% to $348.95 on August 25, pulling back despite a 3.59% gain over the prior week. The daily drop erased a meaningful portion of the week's advance in a single session. Tesla is both the world's largest electric vehicle maker by market value and a widely held stock, so its moves are closely watched as an indicator of sentiment toward the EV sector.

Micron Technology drops 5.83% to $910.43 on August 25

Micron Technology shares fell 5.83% to $910.43 on August 25, extending a 3.22% weekly decline. The selloff made Micron one of the larger single-session decliners among major U.S. chip stocks on the day. Micron is a leading maker of memory chips used in computers, smartphones, and data centers, and its stock is often seen as a proxy for near-term demand in the semiconductor industry.

Argentina MERVAL rises 2.97% to 2,999,718 on August 25

Argentina's MERVAL stock index gained 2.97% to 2,999,718 on August 25, adding to a 3.58% weekly advance. The index has been trading at historically elevated nominal levels, largely reflecting Argentina's persistently high inflation, which inflates asset prices in peso terms. Investors often compare Argentine equities in dollar-adjusted terms to strip out the inflation effect and assess real returns.

Russia MOEX index declines 2.98% to 2,071.41 on August 25

The MOEX index, Russia's rouble-denominated benchmark, fell 2.98% to 2,071.41 on August 25, bringing its weekly loss to 3.57%. The decline mirrored weakness in the dollar-based RTS, suggesting the move reflected equity-specific pressure rather than currency effects alone. The MOEX index covers the largest and most liquid companies listed on the Moscow Exchange across multiple sectors.

Russia RTS index falls 3.41% to 783.47 on August 25

The RTS index, which tracks Russian equities in U.S. dollar terms, dropped 3.41% to 783.47 on August 25, extending a 1.40% weekly decline. The dollar-denominated index is particularly sensitive to both rouble moves and oil price swings. Sanctions and capital flow restrictions have limited foreign participation in Russian markets since early 2022, amplifying volatility in the index.

Solana rises 7.67% to $101.54 on August 25

Solana climbed 7.67% to $101.54 on August 25, adding to a 34.6% weekly rally that pushed the token back above the $100 level. The gain was part of a broader recovery in high-profile layer-one blockchain tokens. Solana is a programmable blockchain network designed for high transaction speed and low fees, competing with Ethereum for developers and decentralized applications.

Aave drops 8.41% to $131.70 on August 25

Aave fell 8.41% to $131.70 on August 25, giving back a portion of a 49.4% weekly surge that ranked among the largest short-term gains in major decentralized finance tokens. The sharp daily reversal followed an unusually strong run over the prior five sessions. Aave is a decentralized lending protocol that allows users to borrow and lend cryptocurrencies without a traditional financial intermediary.

Monero jumps 8.94% to $452.87 on August 25

Monero gained 8.94% to $452.87 on August 25, bringing its weekly advance to 9.0%. The privacy-focused cryptocurrency outperformed most major digital assets on the day. Monero uses cryptographic techniques to obscure transaction details, which makes it distinct from more transparent blockchains and has driven both interest and regulatory scrutiny.

USD/COP edges up 0.26% to 3,055.11 on August 25

The U.S. dollar rose 0.26% against the Colombian peso to 3,055.11 on August 25, though the dollar remained 1.40% weaker against the peso on the week. The daily move was modest relative to the week's broader peso strength. Colombia's currency is closely linked to oil prices, since petroleum is the country's largest export earner.

USD/ISK falls 0.29% to 120.84 on August 25

The U.S. dollar weakened 0.29% against the Icelandic krona to 120.84 on August 25, extending a 1.44% weekly decline for the dollar. The krona has been among the stronger small-currency performers over the past week. Iceland's currency is sensitive to tourism inflows and energy-intensive export industries, both of which influence foreign currency earnings.

USD/BDT rises 0.32% to 123.01 on August 25

The U.S. dollar gained 0.32% against the Bangladeshi taka to reach 123.01 on August 25, extending a 0.85% advance over the week. The taka has been under broad pressure as Bangladesh manages foreign exchange reserves amid elevated import costs. A weaker taka raises the cost of dollar-denominated imports such as fuel and commodities for Bangladeshi businesses and consumers.

Palladium slips 1.54% to $1,346.50/oz on August 25

Palladium fell 1.54% to $1,346.50 per troy ounce on August 25, paring a 4.38% weekly gain. The daily pullback came after the metal had been one of the stronger performers among precious metals over the prior five sessions. Palladium is used primarily in catalytic converters for gasoline-powered vehicles, so its price is sensitive to automotive production trends.

Heating oil gains 2.15% to $4.2631/gal on August 25

Heating oil rose 2.15% to $4.2631 per gallon on August 25, even as the commodity remained 4.11% lower for the week. The daily rebound followed a period of notable weekly weakness. Heating oil prices affect home heating costs in the northeastern United States and are also used as a pricing benchmark for diesel fuel.

Brent crude falls 2.69% to $89.69/bbl on August 25

Brent crude oil dropped 2.69% to $89.69 per barrel on August 25, though it remained down only 0.65% on the week. The single-session decline was the sharpest daily move for the benchmark in recent weeks. Brent is the global reference price for crude oil and influences costs for fuel, transport, and a wide range of manufactured goods.

Singapore core CPI accelerates to 2.0% in July

Singapore's core consumer price index rose 2.0% year-on-year in July, up from 1.6% in June, according to data released Aug 24, with no consensus available. The acceleration marks a pickup in underlying inflation that excludes more volatile items such as accommodation and private transport. Core inflation is monitored closely by the Monetary Authority of Singapore as it guides exchange-rate policy to manage price pressures.

Mexico GDP rises 1.4% quarter-on-quarter in Q2, missing 1.5% target

Mexico's economy grew 1.4% quarter-on-quarter in Q2, falling short of the 1.5% consensus forecast and slightly below the 1.5% expansion in Q1, according to data released Aug 24. The quarterly slowdown was modest but marks a second consecutive quarter of above-trend sequential growth. Quarterly GDP figures capture the near-term trajectory of an economy more directly than annual comparisons.

Mexico GDP grows 2.1% year-on-year in Q2, just shy of forecast

Mexico's economy expanded 2.1% year-on-year in Q2, slightly below both the 2.2% consensus estimate and the 2.2% growth recorded in Q1, per data released Aug 24. The result marks a marginal deceleration in annual growth. Mexico's GDP performance is closely tied to trade with the United States, its largest export market.

US Chicago Fed activity index at -0.08 in July, missing forecast

The Chicago Fed National Activity Index came in at -0.08 in July, below the 0.1 consensus forecast and down from a revised 0.06 in June, according to data released Aug 24. A reading below zero indicates that national economic activity is growing below its historical trend. The index aggregates 85 economic indicators and is used as a broad gauge of overall U.S. economic momentum.

South Korea consumer confidence slips to 104.5 in August

South Korea's consumer confidence index fell to 104.5 in August from 106.8 in July, according to data released Aug 24, with no consensus estimate available. A reading above 100 still indicates that optimists outnumber pessimists, though the gap narrowed. Consumer confidence surveys reflect households' views on current and future economic conditions, which tend to influence spending behavior.

Germany GDP up 1.0% year-on-year in Q2, above consensus

Germany's economy grew 1.0% year-on-year in Q2, beating the 0.9% consensus estimate and accelerating from 0.7% growth in Q1, according to figures released Aug 25. The annual reading confirms a gradual improvement in the pace of growth compared with a year earlier. Year-on-year GDP comparisons smooth out seasonal effects and give a clearer picture of the economy's underlying trend.

EU economic sentiment plunges to 31.4 in August

The European Union's economic sentiment indicator fell to 31.4 in August from 96.9 in July, far below the 96.4 consensus forecast, according to data released Aug 28. The dramatic drop represents a sharp deterioration in confidence among businesses and consumers across the bloc. Economic sentiment surveys are used as early signals of turning points in economic activity before official data becomes available.

Japan industrial output rises 1.2% in July, slowing from June

Japan's industrial production increased 1.2% month-on-month in July, slowing from a 1.9% gain in June, according to data released Aug 30. No consensus estimate was available for comparison. Industrial production tracks output from factories and mines, making it a key indicator of manufacturing sector health in Japan, one of the world's largest export economies.

India current account swings to -$3.1B deficit in Q2

India posted a current account deficit of $3.1 billion in Q2, reversing sharply from a $7.1 billion surplus in the prior quarter, though the outcome was far narrower than the $7.4 billion deficit analysts had expected, per data released Sep 1. The swing from surplus to deficit reflects changes in trade flows and income transfers between quarters. The current account balance measures the difference between a country's earnings from abroad and its payments to the rest of the world.

Germany GDP grows 0.3% in Q2, beating 0.2% forecast

Germany's economy expanded 0.3% quarter-on-quarter in Q2, above the 0.2% consensus estimate but slower than the 0.4% growth recorded in Q1, according to data released Aug 25. The result suggests the eurozone's largest economy is maintaining modest momentum rather than rebounding sharply. Germany's quarterly GDP figures are closely watched as a gauge of health for the broader European economy.

Japan 10-year bond yield rises 2.8 bps to 2.882% on August 21

The yield on Japan's 10-year government bond increased 0.028 percentage points to 2.882% on August 21, while remaining 0.04 percentage points lower over the prior week. The move comes as the Bank of Japan navigates a gradual shift away from its ultra-loose monetary policy stance. Japan's long-term bond yield is closely watched globally because the BOJ's policy settings have historically influenced capital flows into higher-yielding assets in other countries.

US 10-year Treasury yield rises 4 bps to 4.69% on August 20

The yield on the 10-year US Treasury note rose 0.04 percentage points to 4.69% on August 20, though it edged down 0.03 percentage points over the prior week. The daily uptick brought yields back near recent highs as investors weighed the outlook for Federal Reserve interest rate policy. The 10-year Treasury yield is a benchmark borrowing rate that influences mortgage rates, corporate loan costs, and the relative attractiveness of equities versus bonds.

Intel shares drop 2.83% to $87.52 on August 24

Intel (INTC) fell 2.83% to $87.52 on August 24, adding to a steep weekly decline of 12.97% that made it one of the worst-performing large-cap technology stocks over that period. The weekly loss reflects investor concern about the company's competitive position in semiconductors and its ongoing manufacturing transition. Intel is one of the world's largest chipmakers and its performance is closely tied to trends in data center spending and personal computer demand.

Altria Group shares gain 3.27% to $68.25 on August 24

Altria Group (MO) rose 3.27% to $68.25 on August 24, adding to a weekly gain of 3.33% and performing against the broader market trend on that session. The stock's relative strength is consistent with its historical role as a defensive holding during periods of market volatility. Altria is the parent company of Philip Morris USA, and its shares are known for high dividend yields that attract income-focused investors.

Micron Technology shares fall 5.43% to $914.28 on August 24

Micron Technology (MU) declined 5.43% to $914.28 on August 24, extending a weekly loss of 4.44% that left the stock down sharply over a five-session stretch. The selloff occurred against a backdrop of broad weakness in semiconductor equities. Micron is the largest US manufacturer of memory chips, and its stock is closely watched as a proxy for demand trends in data centers, personal computers, and smartphones.

KOSPI falls 3.12% to 6,696.96 on August 24

South Korea's broader KOSPI index dropped 3.12% to 6,696.96 on August 24, compounding a weekly decline of 3.76% and marking one of its steeper combined weekly drawdowns of the recent period. The index mirrored losses in the narrower KOSPI 200, with technology and export-oriented stocks weighing on performance. The KOSPI is a key benchmark for the South Korean economy, which relies heavily on semiconductor and electronics exports.

Russia's RTS index drops 3.41% to 783.47 on August 24

The RTS index, which measures Russian equities in US dollar terms, fell 3.41% to 783.47 on August 24, despite posting a weekly gain of 4.57% over the prior five sessions. The sharp single-session reversal erased a meaningful portion of the week's earlier advance. Because the RTS is priced in dollars, its performance reflects both Russian stock valuations and ruble exchange-rate movements simultaneously.

KOSPI 200 falls 3.85% to 1,054.01 on August 24

South Korea's KOSPI 200 index declined 3.85% to 1,054.01 on August 24, extending a weekly loss of 3.64% as selling pressure persisted across the session. The dual-session and weekly decline indicates sustained negative sentiment rather than a one-day event. The KOSPI 200 tracks the 200 largest companies on the Korea Exchange and is heavily weighted toward technology and semiconductor firms, making it sensitive to global demand signals for those sectors.

OKB rises 4.70% to $115.66 on August 24

OKB gained 4.70% to $115.66 on August 24, adding to a weekly increase of 11.1% that reflects sustained buying interest over the prior five sessions. The token has been trading near multi-month highs as broader crypto market sentiment improved. OKB is the native utility token of the OKX exchange, and its price tends to move in line with exchange trading volumes and overall crypto market conditions.

Uniswap drops 5.83% to $4.30 on August 24

Uniswap (UNI) fell 5.83% to $4.30 on August 24, giving back a portion of an exceptional weekly gain of 31.0% that had made it one of the top-performing major tokens over that period. The daily pullback suggests some profit-taking after the sharp run-up. Uniswap is the governance token for one of the largest decentralized exchange protocols, and its price is sensitive to broader trends in decentralized finance activity and regulatory developments.

Rain token rises 5.86% to $0.01480 on August 24

Rain (RAIN) gained 5.86% to $0.01479619 on August 24, building on a strong weekly advance of 13.0% that marked one of its better seven-day performances. The token has attracted increased trading volume over the week, though it remains a small-cap asset with limited liquidity. As with most small-cap cryptocurrencies, Rain is subject to high price volatility and thin trading conditions that can amplify both gains and losses.

USD/GHS edges up 0.73% to 11.08 on August 24

The US dollar gained 0.73% against the Ghanaian cedi to 11.08 on August 24, extending a weekly rise of 0.91% and continuing a gradual weakening trend for the cedi. Ghana has been managing significant debt restructuring and currency pressures following its 2022 economic crisis. A depreciating cedi raises costs for imported goods and complicates Ghana's efforts to stabilize inflation, which has been among the highest in sub-Saharan Africa.

USD/RUB climbs 0.86% to 83.39 on August 24

The US dollar rose 0.86% against the Russian ruble to 83.39 on August 24, paring a weekly decline of 1.78% that had seen the ruble gain ground over the prior five sessions. The ruble has faced persistent pressure from sanctions, capital controls, and oil price volatility. Russia's central bank has used interest rate policy and capital controls to limit ruble depreciation, which matters for domestic inflation and import costs.

USD/COP rises 0.96% to 3,066.32 on August 24

The US dollar strengthened 0.96% against the Colombian peso to 3,066.32 on August 24, though the pair was still down 2.79% over the prior week, indicating the peso had recovered significantly in the broader weekly window. The daily move reversed part of the peso's recent gains. A weaker peso raises the cost of dollar-denominated imports and debt servicing for Colombia, which is relevant given the country's significant oil export revenues.

Coffee gains 3.54% to 340.95 USd/lb on August 24

Arabica coffee futures rose 3.54% to 340.95 US cents per pound on August 24, adding to a weekly gain of 1.49% and pushing prices to elevated levels sustained over recent sessions. The advance continues a broader uptrend driven by concerns over supply from key producing regions. Coffee is one of the world's most traded agricultural commodities, and price moves at this level can feed through to retail prices for consumers.

Soybean oil slides 3.69% to 67.01 USd/lb on August 24

Soybean oil fell 3.69% to 67.01 US cents per pound on August 24, extending a weekly loss of 5.19% that represents one of its steeper five-day declines in recent months. The selling pressure pushed prices to their lowest levels of the recent period, reflecting broader weakness in vegetable oil markets. Soybean oil is widely used in food processing, cooking, and increasingly as a feedstock for biodiesel, so price moves affect both food and energy supply chains.

Brent crude falls 4.16% to $90.46/bbl on August 24

Brent crude oil dropped 4.16% to $90.46 per barrel on August 24, giving back gains from earlier in the week when it had risen 0.48% over the prior five sessions. The single-session decline was one of the sharpest in recent weeks and pulled the benchmark back toward the lower end of its recent trading range. Brent is the global reference price for crude oil and influences fuel costs for consumers and businesses worldwide.

New Zealand retail sales rise 0.7% in Q2, beating 0.3% forecast

New Zealand retail sales grew 0.7% quarter-on-quarter in Q2, surpassing the 0.3% consensus estimate, though slowing from the 1.1% gain recorded in Q1. The result suggests consumer spending held up better than expected even as the Reserve Bank of New Zealand maintained restrictive interest rates. Retail sales are a primary measure of household consumption, which is the largest component of New Zealand's GDP.

Singapore core inflation accelerates to 2.0% in July

Singapore's core consumer price index rose 2.0% year-on-year in July, up from 1.6% in June, with no consensus estimate available for comparison. The pickup ends a recent trend of cooling inflation and takes the measure back to levels last seen earlier in 2024. Core CPI strips out volatile food and energy prices, making it a key input for the Monetary Authority of Singapore when calibrating exchange-rate policy.

Mexico GDP rises 1.4% quarter-on-quarter in Q2, missing estimates

Mexico's economy grew 1.4% on a quarter-on-quarter basis in Q2 2024, slightly below the 1.5% posted in Q1 and the 1.5% consensus forecast. While the shortfall is small, it marks a second consecutive quarter of modest deceleration in sequential growth. Quarter-on-quarter GDP measures how fast an economy is expanding relative to the immediately preceding three months, offering a near-term view of economic momentum.

Mexico GDP grows 2.1% year-on-year in Q2, just below forecasts

Mexico's economy expanded 2.1% year-on-year in the second quarter of 2024, slightly below both the 2.2% recorded in Q1 and the 2.2% consensus estimate. The marginal miss suggests growth continued at a broadly stable pace even as it fell fractionally short of expectations. Annual GDP figures help gauge whether an economy is on a sustained expansion path compared with the same period a year earlier.

US Chicago Fed activity index dips to -0.08 in July

The Chicago Fed National Activity Index came in at -0.08 in July, down from a revised 0.06 in June and below the consensus estimate of 0.10. A reading below zero indicates that national economic activity is growing at a below-average pace relative to historical trend. The index is a weighted average of 85 economic indicators, making it one of the broader monthly snapshots of US economic conditions.

EU economic sentiment plunges to 31.4 in August vs 96.4 expected

The European Union's economic sentiment indicator fell sharply to 31.4 in August from 96.9 in July, dramatically missing the consensus forecast of 96.4. The scale of the drop is far outside normal month-to-month variation and likely reflects a significant methodological change, a data anomaly, or a severe external shock captured in the survey period. Economic sentiment surveys aggregate business and consumer confidence across sectors, and large swings can signal turning points in the broader economic outlook.

Japan industrial output rises 1.2% in July, slowing from June

Japan's industrial production grew 1.2% month-on-month in July, slowing from a 1.9% gain in June, with no consensus estimate available for comparison. The deceleration suggests the pace of factory recovery moderated after two consecutive months of solid gains. Industrial production tracks the output of manufacturers, mines, and utilities, serving as a broad indicator of economic momentum.

India current account deficit narrows to $3.1B in Q2

India's current account posted a deficit of $3.1 billion in the second quarter, swinging from a surplus of $7.1 billion in the prior quarter but coming in well below the consensus estimate of a $7.4 billion deficit. The improvement relative to forecasts suggests import growth or capital outflows were more contained than analysts expected. The current account balance measures the flow of goods, services, and income between a country and the rest of the world, making it a key gauge of external financial health.

US 10-year Treasury yield rises 4 bps to 4.69% as of August 20

The US 10-year Treasury yield rose by 4 basis points to 4.69% on August 20, and was little changed on a weekly basis with a gain of 1 basis point. The yield has remained elevated in recent sessions. The 10-year Treasury yield is a global benchmark rate that influences borrowing costs for mortgages, corporate loans, and a wide range of financial instruments worldwide.

Japan 10-year yield falls 4 bps to 2.854% as of August 20

Japan's 10-year government bond yield declined by 4 basis points to 2.854% on August 20, edging slightly lower over the week as well. The move reflects modest buying in Japanese government bonds during the session. Government bond yields move inversely to prices, and shifts in Japan's long-term rates are closely watched given the Bank of Japan's historically accommodative policy stance and its influence on global fixed income markets.

Goldman Sachs rises 3.73% to $1,039.28 on August 23

Goldman Sachs shares advanced 3.73% to $1,039.28 on August 23, though the stock ended the week virtually flat with a weekly change of -0.01%. The single-session gain recovered losses accumulated earlier in the week. Goldman Sachs is a major global investment bank, and its share price is often used as a barometer of sentiment toward financial sector earnings and capital markets activity.

Deere & Company gains 4.27% to $647.47 on August 23

Deere & Company shares rose 4.27% to $647.47 on August 23, bringing the weekly gain to 6.34%. The agricultural and construction equipment maker has seen consistent buying pressure throughout the week. Deere's performance is closely watched as a proxy for conditions in the farming sector and capital spending by agricultural producers, both of which are sensitive to commodity prices and global trade flows.

Tesla rises 5.14% to $362.86 on August 23

Tesla shares gained 5.14% to $362.86 on August 23, extending a weekly advance of 6.02%. The stock has outperformed the broader market over the week. Tesla is one of the most widely held and actively traded stocks globally, and moves of this magnitude often attract significant attention from retail and institutional investors alike.

Jakarta Composite rises 2.06% to 6,525 on August 23

Indonesia's Jakarta Composite Index (JCI) gained 2.06% to 6,525.69 on August 23, adding to a weekly advance of 1.93%. The index has edged higher in a measured fashion over the week, consistent with modest risk-on sentiment across Asian markets. The JCI tracks all stocks listed on the Indonesia Stock Exchange and is a broad barometer of investor confidence in Southeast Asia's largest economy.

Mexico's IPC index advances 2.14% to 65,729 on August 23

Mexico's IPC benchmark index rose 2.14% to 65,729.18 on August 23, bringing its weekly gain to 2.07%. The index has risen in tandem with broader emerging market equity strength over the period. The IPC tracks the performance of the most liquid and largest companies listed on the Mexican Stock Exchange, making it a key indicator of investor confidence in the Mexican economy.

South Africa's Top 40 index rises 2.64% to 7,402 on August 23

The FTSE/JSE Top 40 index gained 2.64% to close at 7,402.32 on August 23, contributing to a weekly rise of 4.90%. The advance placed the index among the stronger-performing emerging market benchmarks over the period. South Africa's equity market is heavily weighted toward mining and resource companies, making it particularly sensitive to commodity price trends and global risk appetite.