Breaking News: Today’s Top Global Market Updates
In March, new-home sales reached a rate of 693,000 per year, which is an increase from the 637,000 rate in February.
Stocks were on the rise following the release of earnings reports from several well-known companies.
In April, there was a slowdown in activity in the U.S. private sector, while other leading economies showed signs of improvement. This suggests that global growth is expected to be more evenly distributed throughout the year.
In a significant achievement, the firm successfully met all investor redemption requests in February and March, marking the first time since late 2022.
Eliminating the militant group from the enclave has proven to be a challenging objective for Israel, as their forces are now facing a resurgence in areas that were previously declared as cleared.
ARK’s active funds have seen a net outflow of $2.2 billion this year, surpassing the outflows from the entire year of 2023.
The chief economist of the Bank of England stated that it will still be some time before there is any adjustment to the key interest rate.
In an interview, the vice president of the ECB mentioned that the central bank will consider the progress made by the Fed in reducing inflation when determining the timing and magnitude of interest rate cuts, following an initial adjustment in June.
The FTSE 100 in the U.K. started the day on a positive note, reaching a new record high. This was driven by the decline in the value of the pound and improved geopolitical conditions, which had a positive impact on the performance of the blue-chip index.
The prices of precious metals took a tumble as tensions between Israel and Iran eased, causing the demand for gold as a safe-haven to diminish.