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 …

European stock markets rose slightly on Friday, supported by the European Central Bank’s (ECB) interest rate cut, while investors assessed corporate earnings and inflation data across the region. Germany’s DAX gained 0.1%. France’s CAC 40 rose 0.2%. UK’s FTSE 100 climbed 0.2%. Key Market Drivers 1. ECB Rate Cut Fuels …

Gold prices remained steady on Friday, hovering near record highs as safe-haven demand surged due to uncertainty surrounding U.S. tariffs and cautious sentiment ahead of key U.S. inflation data. Spot gold was unchanged after touching a record peak of $2,799.60 per ounce. Gold Futures (February) rose 0.1% to $2,793.74 per …

Bitcoin edged lower on Friday, facing a muted weekly performance as investor sentiment remained cautious over U.S. trade tariffs under President Donald Trump. The market also awaited key PCE inflation data, which could shape expectations for Federal Reserve interest rate policy. Bitcoin (BTC) fell 1.1% to $104,379.6 by 00:33 ET …

Oil prices edged higher in Asian trade on Friday, benefiting from dip buying, but remained on track for their second consecutive week of losses. Investors remained cautious over trade tariffs under U.S. President Donald Trump, which could disrupt global demand, particularly in China. Brent crude (March contract): +0.4% at $77.21 …

Oil prices remained relatively stable on Thursday, as investors braced for potential U.S. tariffs on Mexico and Canada, the largest suppliers of crude oil to the United States, and awaited the OPEC+ meeting scheduled for February 3. Brent crude futures: -$0.07 (-0.09%) at $76.51 per barrel U.S. crude futures: +$0.02 …

European stock markets advanced on Thursday, as investors evaluated a wave of corporate earnings while anticipating the European Central Bank’s (ECB) policy decision and eurozone growth data. DAX (Germany): +0.2% CAC 40 (France): +0.3% FTSE 100 (UK): +0.1% Key Market Drivers 1. ECB Policy Decision in Focus European equities received …

The U.S. dollar edged lower on Thursday, giving up part of its previous gains following the Federal Reserve’s slightly hawkish stance, as investors turned their attention to the European Central Bank (ECB) meeting. Dollar Index (DXY) fell 0.1% to 107.710 at 04:10 ET (09:10 GMT), tracking the greenback against a …

Oil prices remained little changed on Thursday, as markets assessed the impact of U.S. tariffs on Canada and Mexico, while awaiting the upcoming OPEC+ ministerial meeting. Brent crude futures fell 7 cents (-0.09%) to $76.51 per barrel. U.S. crude futures inched up 2 cents (+0.03%) to $72.64 per barrel by …

Gold prices held steady in Asian trading on Thursday, as investors evaluated the Federal Reserve’s firm stance on interest rates alongside rising uncertainty over U.S. tariffs. Spot gold (XAU/USD) edged 0.1% higher to $2,765.64 per ounce. Gold futures (February contract) climbed 0.3% to $2,803.39 per ounce by 01:45 ET (06:45 …