August 22, 2025
US weekly jobless claims rise to highest since June
The number of Americans filing new applications for jobless benefits rose by the most in about three months last week in an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.
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August 22, 2025
Oil rises on stalled Russia-Ukraine peace talks
Oil prices rose by nearly a dollar a barrel as Russia and Ukraine blamed each other for a stalled peace process, and as earlier U.S. data showed signs of strong demand in the top oil consuming nation.
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August 21, 2025
China weighs yuan-backed stablecoins
China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency.
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August 21, 2025
Gold firms as dollar weakens
Gold rose as the U.S. dollar eased, with market participants bracing for the upcoming Jackson Hole symposium, while minutes revealed that Federal Reserve dissenters appeared alone in favoring a rate cut at the July meeting.
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August 21, 2025
Consumer stocks rally drives UK’s FTSE 100 to record close
Britain’s FTSE 100 clinched a fresh record close with consumer-related stocks leading the gains, while investors digested an inflation report that diminished hopes for a near-term Bank of England rate cut.
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August 20, 2025
Dollar mixed as traders wait on Jackson Hole
The dollar was mixed as traders awaited the Federal Reserve’s Jackson Hole Economic Policy Symposium later this week for further clues on U.S. interest rate policy. A speech on Friday by Fed Chair Jerome Powell is this week’s main focus
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