Oil prices ticked up slightly on Monday, lifted by a combination of U.S. tariff exemptions on electronic goods and a sharp rebound in China’s crude imports for March. However, concerns over an escalating U.S.-China trade war and its impact on global economic growth continued to limit gains. As of 08:22 …
Read More »European Stocks Rally on Tariff Relief Hopes, Eyes Turn to ECB Meeting
European equity markets opened the week with solid gains on Monday, buoyed by news that the White House will exempt electronics from its steep reciprocal tariffs, easing fears of an immediate hit to global tech supply chains. The move lifted risk sentiment, especially across tech-heavy sectors, although caution lingered over …
Read More »Gold Pulls Back From Record High as U.S. Signals Partial Tariff Relief, But Outlook Remains Bullish
Gold prices edged lower on Monday, retreating slightly from last week’s record highs as risk appetite improved following news that the U.S. may exclude electronic goods from its steep tariff hike on Chinese imports. However, ongoing trade war fears, a weak dollar, and dovish signals from the Federal Reserve kept …
Read More »Market weekly recap: Gold is the king
It was a very busy week in financial markets as US president Donald Trump continues escalation of his trade attacks on a large number of states, which ended in a 90-days pause of tariffs enforcement on all countries, excluding China which was targeted by the maximum duties with “immediate” enforcement. …
Read More »Trade War Tensions Rise: Global Markets Brace for Impact
The United States has ignited a fierce trade war with China, escalating tensions that could reshape the global economy. New tariffs, some exceeding 100% on Chinese goods, have sparked immediate retaliation from Beijing, which raised duties on American imports to 125%. This tit-for-tat exchange follows a bold U.S. strategy to …
Read More »Gold Soars to Record High as Trade War Escalates and Inflation Worries Grip Markets
Gold prices surged by over 2% on Friday, hitting a new all-time high of $3,245, as investors sought refuge in the precious metal amidst a rapidly escalating trade dispute between the United States and China, coupled with persistent inflation uncertainty. The flight to safety was further amplified by a significant …
Read More »Eurozone’s Watchful Eye: Central Bank Stands Ready Amid Global Economic Shift
In a climate of global economic flux, the Eurozone’s central banking authority has reaffirmed its commitment to maintaining financial stability. This declaration underscores the institution’s proactive stance in navigating the complexities of the current economic landscape. The central bank has stated that it is prepared to deploy its full suite …
Read More »Earnings Surge Fuels Robust Recovery in US Stocks
U.S. stock markets kicked off trading on Friday with a strong upward trajectory, propelled by stellar earnings reports from major financial institutions listed on the New York Stock Exchange. These positive results provided a much-needed buffer against ongoing trade tensions between Washington and Beijing, lifting investor confidence and driving gains …
Read More »Dollar/Yen Slides Amid Escalating Trade Tensions
The Dollar/Yen exchange rate has experienced a decline, decoupling from U.S. Treasury yields and falling due to a weakening U.S. Dollar. This downturn is particularly pronounced given recent factors that appear to favor the Japanese Yen.The Dollar/Yen pair retreated, moving from its previous daily close to a lower level. During …
Read More »Oil Prices Rise on Friday, but Brace for Second Weekly Dip Amid Demand Concerns
Oil prices are poised to decline for the second consecutive week, influenced by a combination of factors including the trade dynamics between the U.S. and China and their potential impact on global demand. This downward pressure reflects broader concerns about the balance between supply and demand in the international oil …
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