UK consumers continued to borrow and spend with confidence in April, shrugging off fears of an economic slowdown from the ongoing US trade war and a weakening domestic labour market. According to the latest money and lending figures, released by the Bank of England, this resilience is expected to support …
Read More »Oil Prices Rebound After OPEC+ Sticks to Expected Output Hike
Oil prices surged over $1 per barrel in Asian trade on Monday, as OPEC+’s decision to raise output by a modest 411,000 barrels per day (bpd) for July—matching the previous two months—eased market fears of a larger production increase. The outcome provided relief to traders bracing for a potential supply …
Read More »Trump Announces 50% Steel Tariffs, U.S. Steel Stocks Surge on Nippon Deal Optimism
U.S. President Donald Trump has reignited trade tensions by announcing a dramatic increase in steel tariffs, doubling the rate from 25% to 50%. The move, unveiled during a rally in Pennsylvania, is intended to fortify the U.S. steel industry and support a landmark deal between Nippon Steel Corporation and U.S. …
Read More »Gold Rises as Trade Tensions, Dollar Weakness Support Safe-Haven Demand
Gold prices gained in Asian trading on Monday, as heightened tensions between the U.S. and China and uncertainty surrounding President Donald Trump’s tariff agenda fueled demand for safe-haven assets. Broader metal markets also found support from a softer dollar, after a Federal Reserve official hinted at the possibility of interest …
Read More »Dollar Slips, Heads for Fifth Monthly Loss as Tariff Uncertainty Clouds Outlook
The U.S. dollar wobbled on Friday, on track for its fifth consecutive monthly decline as traders remained wary of escalating trade policy uncertainty and concerns over U.S. fiscal health. The greenback faced choppy trading this week, pressured by erratic developments in President Donald Trump’s tariff agenda and ahead of key …
Read More »U.S. Futures Dip as Trump Tariffs Reinstated, Investors Eye PCE Inflation Data
U.S. stock index futures edged lower early Friday as investors digested the surprise reinstatement of President Donald Trump’s sweeping trade tariffs and braced for the release of key inflation data that could influence the Federal Reserve’s interest rate outlook. At 05:30 ET (09:30 GMT), Dow Jones Futures were down 35 …
Read More »European Shares Climb as ECB Rate Cut Bets Grow, Trump Tariff Uncertainty Lingers
European equity indices edged higher on Friday, extending monthly gains, as cooling inflation data bolstered expectations for another European Central Bank (ECB) rate cut, even as U.S. trade policy uncertainty persisted after President Donald Trump’s tariffs were reinstated. By 04:35 ET (08:35 GMT), Germany’s DAX rose 0.6%, the CAC 40 …
Read More »Oil on Course for Second Weekly Loss as OPEC+ Hike, Trump Tariff Uncertainty Weigh
Oil prices edged lower on Friday, poised for a second straight week of losses, as traders factored in expectations for another OPEC+ output hike in July and fresh uncertainty following a U.S. court ruling that keeps President Donald Trump’s tariffs in place. Brent crude futures slipped 21 cents, or 0.33%, …
Read More »Gold Slips as Dollar Strength, Profit-Taking Weigh; Traders Eye U.S. Inflation Data
Gold prices declined in Asian trading on Friday, pressured by a stronger U.S. dollar and profit-taking, as traders braced for fresh inflation data that could shape the Federal Reserve’s interest rate outlook. Spot gold fell 0.7% to $3,293.44 an ounce, while gold futures for August delivery slipped 0.8% to $3,316.67/oz …
Read More »Bitcoin Slips as Profit-Taking Weighs Heavier Than Tariff Relief; Altcoins Mixed
Bitcoin extended its decline on Thursday, pressured by sustained profit-taking after notching record highs earlier this week, while a favorable U.S. court ruling on trade tariffs failed to lift sentiment across the cryptocurrency space. The world’s largest digital asset fell 1.2% to $107,721.6 by 01:43 ET (05:43 GMT), marking a …
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