Bitcoin and other major cryptocurrencies rebounded on Tuesday as markets welcomed U.S. President Donald Trump’s decision to delay new tariffs on Canada and Mexico, easing liquidity concerns and encouraging dip buying. Crypto Market Movements Bitcoin (BTC): +5.6% to $99,327.5 Briefly surged past $100,000 on Monday evening after the tariff delay. …
Read More »Gold Prices Edge Higher Amid U.S.-China Trade War Fears
Gold prices rose slightly in Asian trade on Tuesday, staying near record highs as safe-haven demand remained strong due to renewed U.S.-China trade tensions. Market Movements Spot gold: Up to $2,815.35 per ounce, near record high of $2,831.70 Gold futures (March): Down 0.4% to $2,846.64 per ounce Platinum futures: Down …
Read More »Semiconductor Stocks Decline Amid Trade War Fears
Semiconductor stocks tumbled on Monday as President Donald Trump’s tariffs on Mexico, Canada, and China intensified trade tensions, sparking investor uncertainty. Key Market Moves Nvidia (NVDA): Down 2% AMD (AMD): Down 1.6% Broadcom (AVGO): Down 2% Qualcomm (QCOM): Down 1.9% Texas Instruments (TXN): Down 1.4% Intel (INTC): Down 1.4% TSMC: …
Read More »Dollar Surges as Trump’s Tariffs Spark Safe-Haven Demand
The U.S. dollar soared on Monday, hitting a three-week high after President Donald Trump’s latest tariffs fueled demand for safe-haven assets. Key Moves in the Currency Market Dollar Index: Up 1% to 109.305 (09:30 GMT), after touching a three-week high. Chinese Yuan (Offshore): Fell to a record low against the …
Read More »Oil Prices Rise as Trump Tariffs Fuel Supply Concerns
Oil prices climbed on Monday as U.S. President Donald Trump imposed tariffs on Canada, Mexico, and China, raising fears of potential supply disruptions. However, concerns over a broader trade war limiting global economic growth capped gains. Key Oil Price Moves: Brent crude futures rose 1.03% to $76.45 per barrel (0933 …
Read More »European Markets Drop as Trump Tariffs Spark Global Selloff
European stocks retreated sharply on Monday, mirroring a global selloff as investors feared an escalating trade war after U.S. President Donald Trump imposed new tariffs on China, Canada, and Mexico. Market Reaction: STOXX 600 index fell 1.4% by 0810 GMT S&P 500 futures dropped 1.3%, signaling a weak Wall Street …
Read More »Gold Retreats from Record Highs as Dollar Soars on Trump Tariffs
Gold prices fell on Monday, pulling back from record highs as the U.S. dollar surged following President Donald Trump’s new trade tariffs on China, Canada, and Mexico. Market Reaction: Spot gold dropped 0.7% to $2,780.56 per ounce Gold futures (April contract) declined 0.8% to $2,810.30 per ounce Spot gold had …
Read More »Bitcoin and Cryptos Plunge as Trump’s Tariffs Stoke Risk Aversion
Cryptocurrency markets tumbled sharply on Monday, as risk appetite took a hit following U.S. President Donald Trump’s decision to impose new trade tariffs on China, Canada, and Mexico. Market Impact: Bitcoin (BTC) plummeted 10% to $91,695.8 Ethereum (ETH) slumped 22.7% to $2,434.84 $TRUMP memecoin, launched by Trump in January, hit …
Read More »Exxon Mobil Surpasses Earnings Estimates but Falls Short on Revenue
Exxon Mobil Corporation (NYSE: XOM) reported strong fourth-quarter earnings that beat analyst expectations, though revenue came in lower than projected. Despite this, the company’s stock rose 0.9% following the announcement. Key Financial Highlights – Q4 2024: Earnings: $7.6 billion ($1.72 per share) Adjusted Earnings (Excluding Identified Items): $1.67 per share …
Read More »Suez Canal Chief Urges Maersk to Reconsider Red Sea Route Amid Stability Signs
The Suez Canal Authority (SCA) Chairman Osama Rabie has urged AP Moller-Maersk to reassess its shipping routes through the Red Sea, citing emerging signs of stability in the region, according to an official SCA statement. Key Developments: Rabie’s remarks came during a meeting with Maersk’s CEO and senior executives, though …
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