Decline in British Growth: According to data released by the Office for National Statistics in the United Kingdom,
the British economy failed to achieve significant growth in April,
The GDP recorded a change of 0.0% every month, which aligns with market expectations.
In the previous month, Britain recorded a growth rate of 0.4%.

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Decline in U.S. Indices

Rise in Oil Prices

Decline in British Growth

Decline in U.S. Indices:

U.S. stock indices saw a decline during the trading session on Tuesday,
with the Federal Reserve’s monetary policy meeting starting, which will last for two days.
Investors are expressing concerns about the unlikely prospect of a rate cut by the central bank this year.

The Dow Jones Industrial Average lost 215 points or 0.5%, while the S&P 500 index fell by 0.3%.
On the other hand, the NASDAQ Composite Index rose by 0.19% to reach 17,224 points.

The Federal Reserve’s meeting will conclude on Wednesday with the announcement of the interest rate decision,
followed by a press conference by the Chairman, Jerome Powell.
Despite some indications of an economic slowdown,
investors increasingly worry that this may not be enough
to prompt the U.S. central bank to cut interest rates in 2024.

Rise in Oil Prices

Oil prices rose on Wednesday, supported by optimism about global oil demand.
Reports from the U.S. Energy Information Administration and the Organization of the Petroleum Exporting Countries (OPEC)
showed a greater-than-expected decline in U.S. crude oil inventories over the past week.

Crude oil futures rose during the Asian trading session on Wednesday.
At the time of writing, July contracts were $78.36 per barrel, an increase of 0.59%.

Decline in British Growth:

According to data released by the Office for National Statistics in the United Kingdom,
the British economy failed to achieve significant growth in April,
with the GDP recording a change of 0.0% every month, which aligns with market expectations.
In the previous month, Britain recorded a growth rate of 0.4%.

It is worth noting that this indicator measures the change in the inflation-adjusted
value of all goods and services produced by the British economy.
It is highly significant as it is considered the broadest measure of economic activity
and the primary indicator of the economy’s health.
It is issued monthly, approximately 40 days after the end of the month.
Its effects are reflected in the movement of the British pound against other currencies.

At the same time, the data showed that the volume of industrial production in Britain declined by 0.9% in April,
which is worse than market expectations of a 0.1% decline.
Industrial production recorded a growth rate of approximately 0.2% in the previous month.

Decline in British Growth

Decline in British Growth

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