European stock markets displayed a mixed performance on Thursday, as investors weighed the impact of China’s latest economic stimulus measures and awaited a highly anticipated speech by former U.S. President Donald Trump at the World Economic Forum in Davos, Switzerland. By 06:40 ET (11:40 GMT), Germany’s DAX index rose 0.3%, …
Read More »European Stock Markets Mixed Amid Chinese Support and Focus on Trump’s Davos Speech
European stock markets traded with mixed results on Thursday, with investor sentiment buoyed by fresh economic support measures from China while awaiting a keynote speech from President Donald Trump at the World Economic Forum in Davos. Market Performance DAX (Germany): Rose 0.2%, hitting record highs earlier in the week. CAC …
Read More »Bitcoin Drops as Trump Hype Fades; Altcoins Follow Suit
Bitcoin experienced a decline on Thursday following a short-lived rally driven by expectations of crypto-friendly policies under President Donald Trump. Despite initial optimism, the cryptocurrency market faced renewed volatility, with altcoins tracking Bitcoin’s losses. Bitcoin Highlights Bitcoin Price: Fell 2.9% to $102,600.2 by 00:54 ET (05:54 GMT). Record High: Briefly …
Read More »Gold Holds Near Three-Month Highs as Dollar Weakens; Copper Declines on Tariff Concerns
Gold prices remained steady on Thursday, hovering near three-month highs, as the U.S. dollar softened following President Donald Trump’s cautious approach to implementing tariffs early in his second term. Gold Market Highlights Spot Gold: Unchanged at $2,755.14, near its highest level since late October. Gold Futures (Feb): Down 0.3% to …
Read More »Johnson & Johnson Posts Strong Q4 Results, Beats Estimates on Robust Cancer Drug Demand
Johnson & Johnson (NYSE:JNJ) reported fourth-quarter earnings and sales that exceeded analysts’ expectations, driven by strong demand for its cancer treatments and contributions from its recent acquisition of Shockwave Medical. Q4 Highlights Revenue: $22.52 billion, a 5.3% year-over-year increase. Adjusted EPS: $2.04 per share, down 11% YoY but above analysts’ …
Read More »Oil Prices Dip as Markets React to Trump’s Energy Emergency Declaration and Tariff Speculation
Oil prices continued their decline on Wednesday, extending losses from the previous session. Markets are weighing the implications of U.S. President Donald Trump’s declaration of a national energy emergency and his proposed tariff policies. Market Performance Brent Crude Futures: Fell 36 cents (0.5%) to $78.93 per barrel as of 07:30 …
Read More »Gold Prices Surge to 11-Week High Amid Trump Tariff Fears and Inflation Concerns
Gold prices climbed to their highest level in 11 weeks during Asian trading on Wednesday, bolstered by growing safe-haven demand as traders reacted to tariff uncertainties under President Donald Trump’s administration. Gold’s Performance Spot Gold: Rose 0.2% to $2,749.29 per ounce, the highest since early November. Gold Futures (February): Also …
Read More »Bitcoin Drops as Crypto Markets Await Clarity on Trump’s Policies
Bitcoin fell sharply on Tuesday, retreating from record highs, as traders awaited concrete policy signals from U.S. President Donald Trump after his first day in office. Despite anticipation of pro-crypto executive orders, Trump’s initial actions focused on other priorities, dampening risk sentiment across crypto markets. Bitcoin Retreats from Record Highs …
Read More »European Automakers and Exporters Hit by Tariff Fears Following Trump’s Inauguration
Shares of major European carmakers and exporters took a hit on Tuesday, as uncertainty loomed over potential new U.S. tariffs following Donald Trump’s return to the presidency. Auto Sector Feels the Heat Trump hinted at the possibility of a 25% tariff on imports from Canada and Mexico starting February 1, …
Read More »Germany’s Foreign Trade Sector Braces for Sales Decline in 2025 Amid Economic Challenges
The German trade association BGA has painted a bleak outlook for the country’s foreign trade sector in 2025, with an anticipated 2.7% decline in turnover compared to 2024. Nearly 80% of businesses involved in foreign trade are expecting a further drop in sales this year, reflecting a challenging economic climate. …
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