Gold prices edged lower in Asian trading on Wednesday, as traders took profits while awaiting further clarity on U.S. President Donald Trump’s trade tariffs and key U.S. economic data. Gold Market Performance: Spot Gold: Down 0.1% at $3,015.73/oz Gold Futures (May Expiry): Down 0.2% at $3,048.25/oz Despite the dip, gold …
Read More »European Stocks Edge Higher Amid Tariff Uncertainty and U.K. Fiscal Focus
European stock markets saw modest gains on Wednesday as investors monitored developments in U.S. trade policy and the U.K. economic outlook ahead of Chancellor Rachel Reeves’ Spring Statement. Market Performance at 08:02 GMT: DAX (Germany): +0.4% CAC 40 (France): +0.2% FTSE 100 (U.K.): +0.4% Key Market Drivers: 1. Relief Rally …
Read More »U.K. Inflation Slows, Offering Some Relief Ahead of Spring Statement
U.K. inflation rose less than expected in February, easing some pressure on Chancellor Rachel Reeves as she prepares to deliver her Spring Statement to Parliament. Key Inflation Figures: Annual CPI: +2.8% (vs. 3.0% expected, down from 3.0% in January) Monthly CPI: +0.4% (vs. 0.5% expected, following -0.1% in January) Core …
Read More »Wall Street Rises Amid Tariff Uncertainty and Policy Hints from Trump
U.S. stock markets edged higher on Tuesday as investors analyzed the potential impact of upcoming reciprocal tariffs and subtle signals from President Donald Trump hinting at a more flexible stance on trade policy. Key Market Moves (As of 09:30 AM ET): Dow Jones Industrial Average: +108.37 points (+0.25%) to 42,691.69 …
Read More »Oil Prices Rise as U.S. Tariffs on Venezuelan Oil Purchasers Fuel Supply Concerns
Oil prices continued their upward momentum on Tuesday, extending gains from the previous session following U.S. President Donald Trump’s decision to impose 25% tariffs on countries buying oil and gas from Venezuela. Key Price Movements: Brent crude (May contract) rose 0.5% to $72.76 per barrel. West Texas Intermediate (WTI) crude …
Read More »Dollar Rises on Strong U.S. Services Data, But Gains Limited by Trade Uncertainty
The U.S. dollar edged higher on Tuesday, supported by strong services sector data, but gains were capped by lingering uncertainty over U.S. trade policies. Key Highlights: Dollar Index rose 0.1% to 104.000, near a three-week high. EUR/USD fell 0.2% to 1.0786, hitting its lowest level since early March. GBP/USD dropped …
Read More »Gold Holds Above $3,000 Amid Easing Trump Tariff Concerns
Gold prices edged higher on Tuesday, remaining below last week’s record highs as market fears over U.S. President Donald Trump’s planned trade tariffs eased. However, haven demand remained resilient amid lingering uncertainty over the exact scope of the tariffs, keeping gold near key psychological levels. Gold Market Overview: Spot gold …
Read More »Bitcoin Slightly Declines Amid Mt. Gox Transfers and Trump Tariff Speculations
Bitcoin edged lower on Tuesday, retreating from its recent gains as the defunct Japanese exchange Mt. Gox moved a significant amount of Bitcoin, raising concerns over potential sell-offs. Key Price Movement: Bitcoin dipped 0.4% to $86,731.9 (as of 01:55 ET / 05:55 GMT). The cryptocurrency had rallied earlier in the …
Read More »Oil Prices Rise Amid U.S. Sanctions on Iran and Ukraine Ceasefire Talks
Oil prices edged higher on Monday, supported by fresh U.S. sanctions on Iranian crude exports, while ongoing ceasefire discussions between Russia and the U.S. over Ukraine introduced supply uncertainty in global markets. Key Price Movements: Brent crude futures: Up 36 cents (0.5%) to $72.52 per barrel. U.S. West Texas Intermediate …
Read More »Eurozone Business Growth Picks Up Slightly in March, Led by Manufacturing
Eurozone business activity showed signs of modest recovery in March, expanding at its fastest pace in seven months, according to the latest HCOB Composite PMI data. The gradual improvement was driven by an easing in the long-running manufacturing downturn, though slower growth in the services sector acted as a drag …
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