The U.S. dollar soared on Monday, hitting a three-week high after President Donald Trump’s latest tariffs fueled demand for safe-haven assets. Key Moves in the Currency Market Dollar Index: Up 1% to 109.305 (09:30 GMT), after touching a three-week high. Chinese Yuan (Offshore): Fell to a record low against the …

Oil prices climbed on Monday as U.S. President Donald Trump imposed tariffs on Canada, Mexico, and China, raising fears of potential supply disruptions. However, concerns over a broader trade war limiting global economic growth capped gains. Key Oil Price Moves: Brent crude futures rose 1.03% to $76.45 per barrel (0933 …

European stocks retreated sharply on Monday, mirroring a global selloff as investors feared an escalating trade war after U.S. President Donald Trump imposed new tariffs on China, Canada, and Mexico. Market Reaction: STOXX 600 index fell 1.4% by 0810 GMT S&P 500 futures dropped 1.3%, signaling a weak Wall Street …

Gold prices fell on Monday, pulling back from record highs as the U.S. dollar surged following President Donald Trump’s new trade tariffs on China, Canada, and Mexico. Market Reaction: Spot gold dropped 0.7% to $2,780.56 per ounce Gold futures (April contract) declined 0.8% to $2,810.30 per ounce Spot gold had …

Cryptocurrency markets tumbled sharply on Monday, as risk appetite took a hit following U.S. President Donald Trump’s decision to impose new trade tariffs on China, Canada, and Mexico. Market Impact: Bitcoin (BTC) plummeted 10% to $91,695.8 Ethereum (ETH) slumped 22.7% to $2,434.84 $TRUMP memecoin, launched by Trump in January, hit …

Exxon Mobil Corporation (NYSE: XOM) reported strong fourth-quarter earnings that beat analyst expectations, though revenue came in lower than projected. Despite this, the company’s stock rose 0.9% following the announcement. Key Financial Highlights – Q4 2024: Earnings: $7.6 billion ($1.72 per share) Adjusted Earnings (Excluding Identified Items): $1.67 per share …

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 …