Nippon Steel Corporation (TSE: 5401) has successfully finalized its acquisition of United States Steel (NYSE: X) in a deal valued at approximately $14.9 billion, the companies announced on Wednesday. This strategic acquisition creates a “world-leading steelmaker,” combining the strengths of both companies in the global steel market. Terms of the …
Read More »U.S. Initial Jobless Claims Fall as Dollar Weakens Ahead of FOMC Decision
New applications for unemployment insurance in the United States dropped to 245K for the week ending June 14, according to the U.S. Department of Labor (DOL) on Thursday. This figure matched initial estimates and was a decrease from the previous week’s revised tally of 250K (revised from 248K). The report …
Read More »Bitcoin and Crypto Markets Fall Amid Geopolitical Tensions and Fed Focus
Bitcoin extended its recent losses on Wednesday, as the ongoing Israel-Iran conflict continued to weigh on investor sentiment and quash risk appetite. The broader cryptocurrency market also retreated, with few signs of deescalation in the conflict. Traders were also focused on potential U.S. intervention following President Donald Trump’s harsh rhetoric …
Read More »U.S. Stock Futures Rise as Investors Await Fed Decision and Assess Israel-Iran Conflict
U.S. stock futures edged higher on Wednesday as traders evaluated the ongoing Israel-Iran conflict and braced for the conclusion of the Federal Reserve’s policy meeting later in the day. At 05:20 ET (09:20 GMT), Dow Jones Futures gained 100 points, or 0.2%, S&P 500 Futures rose 20 points, or 0.3%, …
Read More »European Stocks Steady Amid Israel-Iran Tensions and Fed Meeting
European stocks steadied on Wednesday as investors remained cautious, closely monitoring the ongoing Israel-Iran conflict and awaiting the conclusion of the latest Federal Reserve policy meeting. As of 03:05 ET (07:05 GMT), the DAX index in Germany dropped 0.1%, while the CAC 40 in France gained 0.2%, and the FTSE …
Read More »Gold Prices Hold Steady Amid Rising Tensions and Fed Decision
Gold prices held steady in Asian trade on Wednesday as investors remained cautious ahead of the Federal Reserve’s interest rate decision later in the day. Safe-haven demand was supported by escalating tensions in the Israel-Iran conflict and concerns about potential U.S. military involvement. Spot gold remained unchanged at $3,388.25 per …
Read More »Oil Prices Steady Amid Israel-Iran Conflict, U.S. Inventory Data Provides Support
Oil prices steadied in Asian trade on Wednesday after surging over 4% the previous session, driven by concerns about potential supply disruptions due to the ongoing Israel-Iran conflict and an unexpected draw in U.S. oil inventories. Brent oil futures for August fell slightly to $76.40 per barrel, while West Texas …
Read More »Market Drivers – US Session: Dollar rallies as war drums beat louder in the Middle East
Market Drivers – US Session: Dollar rallies as war drums beat louder in the Middle East Dollar Rallies Amid Middle East Tensions Geopolitical unrest in the Middle East has taken center stage, driving a surge in the US Dollar (USD) as investors seek safe-haven assets. The escalating conflict between Israel …
Read More »Gold Struggles to Shine Again Amid Middle East Turmoil
Gold is reclaiming its allure as a safe-haven asset, sparkling at the start of Tuesday’s trading session. The precious metal’s resurgence is fueled by renewed geopolitical tensions in the Middle East, which have roared back to the forefront, extinguishing hopes of a swift de-escalation between Iran and Israel. The conflict, …
Read More »Sterling Slips as Dollar Strengthens Amid Global Tensions
The British pound weakened against the U.S. dollar on June 17, 2025, driven by heightened geopolitical tensions in the Middle East and a broader retreat from risk in global financial markets. Escalating conflict between Iran and Israel, marked by Iran’s bombing of an Israeli intelligence facility and Israel’s reported killing …
Read More »