June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
June 17, 2026 11:16 ETA report released by the National Association of Realtors on Wednesday showed a substantial increase in pending home sales in the U.S. in the month of May. NAR said its pending home sales spiked by 3.8 percent to 76.8 in May after rising by 0.3 percent to a downwardly revised 74.0 in April. Economists had expected pending home sales to advance by 0.9 percent.
June 17, 2026 08:54 ETFollowing the mixed performance seen in the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by just 0.1 percent. Traders may be reluctant to make...
June 17, 2026 10:36 ETA report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. tumbled by much more than expected in the week ended June 12th. The EIA said crude oil inventories plunged by 8.3 million barrels last week after slumping by 7.2 million barrels in the...
June 17, 2026 09:18 ETCryptocurrencies declined in the past 24 hours amidst growing anxiety about the Federal Reserve's monetary policy outlook. The decision of the first FOMC under the leadership of Kevin Warsh would be known on Wednesday afternoon. Markets expect the Fed to hold rates steady but are less sure about the...