The United Kingdom’s labour market showed further signs of cooling in November, with unemployment holding at elevated levels while wage growth eased, strengthening expectations that the Bank of England will continue cutting interest rates in the months ahead. Data released on Tuesday by the Office for National Statistics showed the …
Read More »Gold Breaks $4,700 as Greenland Tensions Drive Investors Toward Safe Havens
Gold prices surged to fresh all-time highs in Asian trading on Tuesday, decisively crossing the $4,700-per-ounce mark as markets remained on edge over escalating geopolitical uncertainty tied to U.S. President Donald Trump’s demands regarding Greenland. Spot gold rose 0.4% to $4,696.07 an ounce, while February futures climbed 0.5% to $4,701.96. …
Read More »Canada Inflation Rises to 2.4% in December, but Core Pressures Continue to Ease
Consumer prices in Canada accelerated more than expected in December, rising 2.4% year on year, driven largely by base effects linked to last year’s temporary sales tax break. However, underlying inflation pressures continued to cool, with the Bank of Canada’s preferred core measures easing for a third consecutive month. Economists …
Read More »Dollar Slips as Trump’s Greenland Tariff Threats Rattle Markets
The U.S. dollar weakened on Monday as investors moved cautiously after President Donald Trump threatened to impose new tariffs on several European countries in a bid to pressure them into allowing the United States to acquire Greenland. By 04:20 ET, the dollar index, which measures the greenback against a basket …
Read More »European Defense Stocks Rise as Trump’s Greenland Tariff Threats Rattle Alliances
European defense shares climbed on Monday as investors reacted to fresh geopolitical tensions sparked by U.S. President Donald Trump’s threat to impose new tariffs on several European countries unless Washington is allowed to buy Greenland. Shares of Italy’s Leonardo, Germany’s Rheinmetall and Renk, Britain’s BAE Systems, and France’s Thales all …
Read More »Bitcoin Slides as Trump’s Greenland Tariffs Trigger Risk-Off Move Across Crypto Markets
Bitcoin fell sharply in Asian trading on Monday, giving back a portion of last week’s gains after U.S. President Donald Trump’s tariff threats against major European nations over Greenland rattled global risk sentiment. The world’s largest cryptocurrency dropped 2.8% to $92,519 by 00:56 ET (05:56 GMT). While Bitcoin gained roughly …
Read More »Gold Soars to Record High Near $4,700 as Trump Tariff Threats Ignite Safe-Haven Rush
Gold prices surged to unprecedented levels in Asian trading on Monday, climbing toward the $4,700 an ounce mark as investors rushed into safe-haven assets after U.S. President Donald Trump threatened fresh tariffs on several European nations over his push to acquire Greenland. Spot gold jumped 1.6% to $4,667.33 an ounce …
Read More »Oil Holds Steady as Iran Fears Fade and Trump’s Europe Tariff Threats Take Center Stage
Oil prices were largely unchanged in Asian trading on Monday after a volatile week dominated by geopolitical headlines, as markets shifted their focus from Iran supply risks to fresh trade tensions sparked by U.S. President Donald Trump’s stance on Greenland. By 21:10 ET (02:10 GMT), Brent crude futures for March …
Read More »Dollar Set for Third Weekly Gain as Strong U.S. Data Pushes Back Rate Cut Expectations
The U.S. dollar edged slightly lower on Friday, but remained on track for another weekly gain as stronger-than-expected American economic data reduced expectations of an early interest rate cut by the Federal Reserve. By 04:05 ET (09:05 GMT), the Dollar Index, which measures the greenback against a basket of six …
Read More »Bitcoin Slips After U.S. Lawmakers Delay Crypto Regulation Bill
Bitcoin edged lower in Asian trading on Friday, trimming part of this week’s rebound after U.S. lawmakers postponed debate on a closely watched bill aimed at establishing a regulatory framework for digital assets. The world’s largest cryptocurrency fell 0.5% to $95,808.5 by 01:06 ET (06:06 GMT). Bitcoin had climbed as …
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