Bitcoin extended losses on Monday, sliding to its weakest level in two months as heavy whale selling, soft ETF flows, and broader risk-off sentiment weighed on the crypto market. Bitcoin Hits Fresh Two-Month Low The world’s largest cryptocurrency dropped 0.8% to $107,994.6 by 02:42 ET (06:42 GMT). It earlier touched …
Read More »European Stocks Rise as Novo Nordisk Boosts Healthcare Sector, Defense Shares Advance
European equities edged higher on Monday, supported by strength in the healthcare sector after Novo Nordisk shares gained on positive drug data, while defense stocks also advanced on a new U.K.-Norway deal. Healthcare Stocks Drive Gains The pan-European Stoxx 600 rose 0.4%, buoyed by a 2.8% jump in Novo Nordisk …
Read More »Dollar Slips Ahead of Key U.S. Jobs Data; Fed Independence Concerns Linger
The U.S. dollar weakened on Monday as investors turned their attention to a busy week of labor market data that could determine the size of an anticipated Federal Reserve rate cut later this month. Dollar Under Pressure The dollar eased 0.04% against the yen to 146.98, extending a 2.5% monthly …
Read More »Gold Extends Rally to Four-Month High as Rate Cut Bets and Safe-Haven Demand Rise
Gold prices climbed to their highest level since mid-April in Asian trading on Monday, driven by strong expectations of a September Federal Reserve rate cut and heightened safe-haven demand amid Fed independence concerns and tariff-related uncertainty. Spot Gold: $3,480.56/oz (+0.9%) Gold Futures (December): $3,551.82/oz (+1%) August performance: Nearly +5%, marking …
Read More »Oil Prices Fall as Supply Fears Ease, Demand Outlook in Focus
Oil prices slipped in Asian trading on Monday, extending last month’s losses as traders discounted the likelihood of immediate supply disruptions from potential secondary sanctions on Russian crude and instead focused on Chinese factory data for demand cues. Brent October futures: $67.21 (-0.4%) WTI crude futures: $63.78 (-0.4%) August performance: …
Read More »U.S. PCE Inflation Holds Steady in July, Core Gauge Edges Higher
The U.S. Bureau of Economic Analysis (BEA) reported Friday that annual inflation, measured by the Personal Consumption Expenditures (PCE) Price Index, remained at 2.6% in July, in line with market expectations. Core PCE Inflation Core PCE, which strips out volatile food and energy prices, rose to 2.9%, slightly higher than …
Read More »U.S. Stock Futures Retreat Ahead of PCE Inflation Data
U.S. stock index futures slipped on Friday evening, retreating from recent record highs as investors awaited key inflation data for more clarity on the Federal Reserve’s interest rate plans. Dow Jones Futures: -155 points (-0.3%) S&P 500 Futures: -18 points (-0.3%) Nasdaq 100 Futures: -108 points (-0.5%) August monthly gains …
Read More »Gold and Metals Rise Amid Growing Fed Rate Cut Bets
Gold prices eased slightly on Friday but remained on track for strong gains in August, driven by growing expectations of a September rate cut by the Federal Reserve. Spot gold: $3,409.89/oz (-0.2%) Gold futures (October): $3,469.92/oz (-0.1%) August performance: Up 3.7%, approaching April record highs Drivers of gold strength: Dollar …
Read More »Gold and Metals Rise Amid Growing Fed Rate Cut Bets
Gold prices eased slightly on Friday but remained on track for strong gains in August, driven by growing expectations of a September rate cut by the Federal Reserve. Spot gold: $3,409.89/oz (-0.2%) Gold futures (October): $3,469.92/oz (-0.1%) August performance: Up 3.7%, approaching April record highs Drivers of gold strength: Dollar …
Read More »German Retail Sales Disappoint, Weakening Q3 Consumption Outlook
German retail sales plunged 1.5% in July compared with the previous month, far below the 0.4% decline expected, signaling a slowdown in domestic consumption and clouding the outlook for third-quarter growth. Germany’s economy contracted 0.3% in Q2, further dimming hopes for a sustained recovery in Europe’s largest economy. Analysts note …
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