China’s exports experienced significant growth in December, providing a much-needed boost to an economy still contending with a prolonged property downturn and subdued consumer confidence. The acceleration in export activity was largely driven by manufacturers expediting shipments overseas in anticipation of potential trade policy shifts under the incoming U.S. administration …
Read More »European Shares Slide as Rate Cut Expectations Diminish Following U.S. Jobs Data
European stock markets opened lower on Monday, led by declines in technology and healthcare stocks, as stronger-than-expected U.S. labor market data dampened hopes for significant Federal Reserve rate cuts this year. The pan-European STOXX 600 index dropped 0.5% by 0812 GMT, extending losses from Friday when it fell nearly 1% …
Read More »Oil Prices Surge as U.S. Sanctions Target Russian Exports
Oil prices climbed for a third consecutive session on Monday, with Brent crude surpassing $81 a barrel to reach its highest level in over four months. The rally comes as newly imposed U.S. sanctions are expected to severely impact Russian crude exports to key buyers such as China and India. …
Read More »Bitcoin Extends Losses as U.S. Rate Concerns and Government Sales Weigh on Market
Bitcoin edged lower on Monday, marking its third consecutive day of decline, as stronger-than-expected U.S. payroll data heightened caution among traders. This reinforced the Federal Reserve’s outlook for limited interest rate cuts in 2025, adding to pressure on the cryptocurrency market. Bitcoin slipped 0.3% to $94,268.7 by 01:12 ET (06:12 …
Read More »Asian Stocks Tumble as U.S. Rate Cut Expectations Dwindle
Asian stock markets slid sharply on Monday, led by significant losses in Australian and Hong Kong equities, as stronger-than-expected U.S. payroll data prompted investors to reconsider the likelihood of near-term interest rate cuts by the Federal Reserve. The Hang Seng index in Hong Kong plunged significantly, while China’s Shanghai Shenzhen …
Read More »Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled by strong travel demand and solid operational performance. Following the announcement, the airline’s shares rose 1.5% in premarket trading. The company posted adjusted earnings per share (EPS) of $1.85, surpassing the consensus estimate of $1.75. Revenue for the …
Read More »China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspension of its treasury bond purchase operations, causing yields to surge and fueling speculation that the move is an attempt to stabilize the weakening yuan. The PBOC attributed the decision to a shortage of bonds in the …
Read More »European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the release of the U.S. monthly employment report, a critical indicator for shaping future Federal Reserve rate policy. By 03:10 ET (08:10 GMT), the German DAX index declined 0.1%, France’s CAC 40 dipped 0.1%, and the …
Read More »Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third consecutive week. Harsh winter conditions in parts of the United States and Europe have intensified demand for heating fuels, adding to supply concerns amid tightening sanctions and global economic shifts. Brent crude futures increased …
Read More »Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 per ounce, while gold futures for February delivery gained 0.2% to $2,695.74 per ounce during early Asian trading. For the week, spot gold is up approximately 1.5%, as concerns over U.S. interest rates and trade …
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