Oil prices were largely steady on Monday as markets weighed near-term supply risks tied to escalating U.S.–Venezuelan tensions against mounting expectations of a global crude surplus and the possibility of increased Russian exports should a Ukraine peace deal materialize. Brent crude futures slipped 16 cents, or 0.26%, to $60.96 a …
Read More »European Stocks Tick Higher Ahead of ECB, BoE Decisions as Markets Brace for Delayed U.S. Data
European equities edged higher on Monday, kicking off the last full trading week of the year with investors balancing lingering year-end optimism against a packed calendar of central bank decisions and delayed U.S. macro releases. By 03:05 ET (08:05 GMT), Germany’s DAX rose 0.4%, France’s CAC 40 gained 0.4%, and …
Read More »Bitcoin Slips Below $90,000 as Markets Turn Cautious Ahead of Key U.S. Data and Central Bank Decisions
Bitcoin edged lower on Monday, slipping back below the $90,000 mark as investors adopted a cautious, wait-and-see stance ahead of a busy week packed with economic data and major central bank policy decisions. The world’s largest cryptocurrency was last trading 0.4% lower at $89,768.6 by 01:54 ET (06:54 GMT), remaining …
Read More »Gold Extends Rally as Dovish Fed Signals Weigh on Dollar Ahead of Key U.S. Data
Gold prices advanced in Asian trading on Monday, extending gains after reaching a near two-month high in the previous session, as a softer U.S. dollar and declining Treasury yields continued to support precious metals following less hawkish signals from the Federal Reserve. Spot gold climbed 1% to $4,343.62 an ounce …
Read More »Bitcoin Holds a Tight Range After Fed Cut, While Altcoins Attempt a Modest Bounce
Bitcoin edged higher on Friday, but price action remained largely contained as markets digested the Federal Reserve’s latest quarter-point rate cut and the central bank’s updated economic projections. The largest cryptocurrency was last up 2.5% at $92,579.6 by 01:51 ET (06:51 GMT). The move put Bitcoin on track for a …
Read More »U.S. Futures Mixed as Fed Liquidity Boost Lifts Cyclicals, While AI Valuation Fears Pressure Tech
U.S. stock futures were mixed on Friday, as the market tried to balance two opposing forces: a supportive Fed backdrop that’s improving liquidity and risk appetite, versus renewed skepticism about AI-related valuations and payoff timelines, which is weighing on mega-cap and semiconductor-linked sentiment. At 06:05 ET (11:05 GMT): Dow futures …
Read More »Dollar Steadies, But Heads for Third Weekly Drop After Fed Cut; Yen and Euro in Focus
The U.S. dollar traded flat on Friday, but remained on track for a third straight weekly decline after the Federal Reserve’s latest rate cut pushed U.S. borrowing costs to near three-year lows. At 04:00 ET (09:00 GMT), the Dollar Index held near 97.995, yet was still pacing a ~0.7% weekly …
Read More »European Equities Advance as Fed Lift Trumps Weak U.K. Data
European stocks pushed higher on Friday, with investors leaning into risk after a dovish Federal Reserve tone outweighed fresh signs of softness in U.K. growth. By 03:05 ET (08:05 GMT): Germany’s DAX rose 0.5% France’s CAC 40 gained 0.2% U.K.’s FTSE 100 climbed 0.4% Fed Cut and Record Wall Street …
Read More »Gold Slips but Heads for Weekly Gain as Dovish Fed Boosts Metals; Silver Holds Near Record Highs
Gold prices edged lower in Asian trading on Friday, pausing after a sharp week-long rally fueled by a more dovish-than-expected Federal Reserve and broad strength across precious and industrial metals. Despite the mild pullback, gold and most major metals remained on track for solid weekly gains, supported by a weaker …
Read More »U.K. GDP Contracts Again in October as Budget Uncertainty Weighs on Economic Momentum
The U.K. economy unexpectedly remained in contraction in October, extending a weak run of monthly activity as businesses and households paused decisions ahead of Chancellor Rachel Reeves’ Autumn budget. Gross domestic product fell 0.1% month-on-month in October, matching September’s decline and missing forecasts for a modest 0.1% increase, according to …
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