German business morale improved more than expected in February, reaching its highest level since August and reinforcing hopes that Europe’s largest economy may finally be turning a corner after a prolonged period of weakness. The Ifo institute said on Monday that its closely watched business climate index rose to 88.6 …
Read More »Dollar Weakens After Supreme Court Tariff Ruling as Trade and Iran Risks Unsettle Markets
The U.S. dollar slipped on Monday after a Supreme Court ruling against President Donald Trump’s sweeping tariff measures injected fresh uncertainty into U.S. trade policy, compounding existing concerns over rising geopolitical tensions with Iran. The euro rose 0.2% to $1.1808, while sterling gained 0.3% to $1.3519. The dollar also eased …
Read More »Oil Slides as U.S.–Iran Talks Ease Conflict Fears, Tariff Hikes Cloud Demand Outlook
Oil prices fell about 1% on Monday as investors weighed easing geopolitical tensions ahead of renewed U.S.–Iran nuclear talks against fresh uncertainty over global growth following new U.S. tariff measures. Brent crude futures declined 87 cents, or 1.21%, to $70.89 a barrel by 07:22 GMT, while U.S. West Texas Intermediate …
Read More »European Stocks Ease as Fresh U.S. Tariff Uncertainty Weighs on Sentiment
European equity markets edged lower on Monday as renewed uncertainty over U.S. trade policy dampened risk appetite at the start of the new week, offsetting recent optimism driven by improving earnings and economic data. By 03:02 ET (08:02 GMT), Germany’s DAX fell 0.6%, France’s CAC 40 slipped 0.2%, and the …
Read More »Gold Extends Rally as Trump’s Global Tariffs and Weak Dollar Boost Safe-Haven Demand
Gold prices climbed for a fourth consecutive session on Monday, extending last week’s gains as fresh global tariffs announced by U.S. President Donald Trump and a weaker U.S. dollar strengthened demand for the precious metal as a safe haven. Spot gold rose 0.8% to $5,148.66 an ounce by 01:52 ET …
Read More »Gold Extends Rally as U.S.–Iran Tensions Rise and Markets Await Key Inflation Data
Gold prices edged higher on Friday, building on gains from the previous two sessions, as investors balanced renewed geopolitical tensions between the United States and Iran against a stronger dollar and cautious signals from the Federal Reserve. By 06:00 ET (11:00 GMT), spot gold rose 0.8% to $5,034.77 per ounce, …
Read More »Nvidia Nears $30 Billion Stake in OpenAI in Landmark AI Funding Round
Nvidia is close to finalizing a $30 billion investment in OpenAI, marking a significant strategic move by the world’s leading AI chipmaker to take a direct stake in one of its largest and most influential customers, according to a person familiar with the matter. The investment is expected to form …
Read More »European Stocks Edge Higher, Poised for Strong Weekly Gains on Earnings Optimism
European equities traded higher on Friday and were on track to post their strongest weekly gains since early January, supported by an improving corporate earnings outlook and easing concerns over near-term disruption from artificial intelligence, although persistent geopolitical tensions tempered overall enthusiasm. By 09:42 GMT, the pan-European STOXX 600 index …
Read More »U.K. Private Sector Growth Hits 22-Month High in February as Manufacturing and Exports Accelerate
U.K. private sector activity expanded at its fastest pace in nearly two years during February, driven by a strong rebound in manufacturing output and a sustained recovery in new business, according to flash PMI data released on Friday. The S&P Global Flash UK Composite Output Index rose to 53.9 in …
Read More »France’s Private Sector Stagnates in February as Weak Demand Weighs on Activity
France’s private sector showed little sign of meaningful growth in February, with business activity remaining broadly flat at the start of the year, according to a closely watched monthly survey released on Friday. The HCOB Flash France Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 49.6 points …
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