Japan’s Nikkei 225 index rose 1.03% on Friday, closing at 34,730.28, marking its highest finish in two weeks and notching its strongest weekly performance since mid-January, as hopes grew for progress in U.S.-led trade negotiations. The index touched an intraday high of 34,758.97 before paring slightly into the close. The …
Read More »Oil Prices Jump Over 3% on U.S.-EU Trade Hopes, New Iran Sanctions
Oil prices surged more than 3% on Thursday, marking their strongest daily gain in weeks, as optimism over a potential U.S.-European Union trade deal and fresh U.S. sanctions on Iran stoked concerns about future supply constraints. Brent crude futures settled $2.11 higher, or 3.2%, at $67.96 a barrel West Texas …
Read More »U.S. Futures Trade Mixed as Tech Rebounds, Tariff Optimism Lifts Sentiment
U.S. stock index futures showed a mixed performance Thursday, with the tech sector staging a recovery after Wednesday’s heavy losses, as optimism grew over potential trade deals between the U.S. and its key global partners. As of 06:00 ET (10:00 GMT): Dow Jones Futures declined 70 points, or 0.2% S&P …
Read More »European Markets Trade Cautiously Ahead of ECB Rate Decision and Earnings Reports
European equity indices traded in narrow ranges on Thursday as investors remained cautious ahead of the European Central Bank’s (ECB) latest policy decision and digested a fresh round of corporate earnings. As of 03:15 ET (07:15 GMT), Germany’s DAX index rose 0.4%, while the CAC 40 in France slipped 0.2% …
Read More »Gold Retreats From Record Highs as Powell’s Hawkish Tone Sparks Profit-Taking
Gold prices slipped in Asian trading on Thursday, pulling back from fresh record highs as investors booked profits following a sharp rally, while hawkish signals from Federal Reserve Chair Jerome Powell tempered bullish sentiment across precious metals. Spot gold fell 0.7% to $3,320.56/oz Gold futures (June delivery) dropped 0.4% to …
Read More »Bitcoin Rises as Hopes for U.S. Trade Negotiations Lift Risk Appetite; Altcoins Rally
Bitcoin climbed on Thursday, rebounding from Wednesday’s lows as investors welcomed signs of possible trade de-escalation between the U.S. and major partners like Japan and China. Meanwhile, hawkish comments from Federal Reserve Chair Jerome Powell added a dose of caution but did little to dent the rebound in crypto markets. …
Read More »Dollar Recovers Modestly Ahead of Easter Break, But Longer-Term Pressure Persists
The U.S. dollar edged higher in Asian trading on Thursday, rebounding from multi-month lows against the yen as U.S.-Japan trade talks steered clear of currency issues, easing fears of official efforts to strengthen the yen. However, the dollar’s broader downtrend remains intact amid ongoing doubts about U.S. economic stability, tariff …
Read More »Oil Prices Extend Gains on Iran Sanctions, Stronger Refined Product Demand
Oil prices rose for a second straight session in Asian trading on Thursday, fueled by renewed geopolitical tensions and supply disruption risks following the U.S. imposition of new sanctions on Iranian oil exports, while investors digested mixed U.S. inventory data. As of 21:35 ET (01:35 GMT): Brent crude (June delivery) …
Read More »Forex Report: Dollar Slides Again as Tariff Jitters and Global Realignment Undermine Confidence
The U.S. dollar resumed its sharp decline on Wednesday, falling broadly across major currencies as escalating trade tensions, shaky investor sentiment, and growing fears of a U.S. recession weighed on the greenback. The losses were most pronounced against traditional safe-haven currencies such as the Swiss franc and euro. Greenback Hit …
Read More »Oil Prices Rebound 1% on Hopes of U.S.-China Trade Dialogue, But Demand Outlook Remains Clouded
Oil prices rose 1% on Wednesday, rebounding from early losses as reports suggested a possible thaw in U.S.-China relations, even as persistent concerns over a prolonged trade war and slowing global demand continued to weigh on the broader outlook. As of 09:37 GMT: Brent crude futures were up 64 cents …
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