China’s economy delivered stronger-than-expected growth in the fourth quarter of 2024, as a series of robust stimulus measures from Beijing began to yield results. Gross domestic product (GDP) expanded by 5.4% year-on-year in the three months ending December, surpassing market expectations of 5% and sharply accelerating from 4.6% growth in …

European shares advanced on Friday, bolstered by broad-based gains across sectors as government bond yields continued to decline. The pan-European STOXX 600 rose 0.4% by 0815 GMT, positioning the index for a fourth consecutive weekly gain, with a weekly jump exceeding 1.5%. Key Sector Performances The construction and materials sector …

Gold prices hovered near a one-month high during Asian trading hours on Friday, driven by investor uncertainty over U.S. interest rate policy and the incoming administration of President Donald Trump. Meanwhile, industrial metals like copper gained ground, buoyed by robust economic data from China. Gold Gains on Dollar Weakness and …

President-elect Donald Trump is reportedly preparing to issue an executive order that would elevate cryptocurrency to a national policy priority, signaling a significant shift in the U.S. government’s approach to digital assets. According to Bloomberg, the move, expected as early as Monday, could grant the cryptocurrency industry greater influence over …

The U.S. dollar held its ground on Thursday, even as U.S. bond yields fell sharply following better-than-expected inflation data. Market participants have now turned their focus to next week’s inauguration of President-elect Donald Trump and the anticipated inflationary effects of his economic policies. The U.S. Dollar Index, which measures the …

Global markets rallied on Thursday, continuing the momentum sparked by Wednesday’s encouraging U.S. inflation data and strong corporate earnings across multiple sectors. Key Highlights Earnings Boost Confidence Richemont (SIX:CFR): Shares of the luxury goods maker soared 17%, marking its best single-day performance in 17 years, following results that exceeded expectations. …

European stock markets extended their gains on Thursday, buoyed by easing inflation in the U.S., which reinforced hopes for potential Federal Reserve rate cuts. However, weaker-than-expected UK economic growth and rising German consumer prices slightly tempered enthusiasm. Market Overview Germany’s DAX: Up 0.3% France’s CAC 40: Gained 0.7% UK’s FTSE …

Oil prices extended their gains for a second consecutive session on Thursday, bolstered by concerns over potential supply disruptions due to expanded U.S. sanctions on Russia, a sharper-than-expected drop in U.S. crude inventories, and signs of improving global demand. Price Movements Brent Crude: Increased by 23 cents (0.3%) to $82.26 …

Britain’s economic output edged up by 0.1% in November compared to October, marking the first increase in three months. However, the rise was below the 0.2% expansion predicted by economists in a Reuters poll, according to data released Thursday by the Office for National Statistics. The modest growth followed two …

Bitcoin extended its bullish momentum for the third consecutive session on Thursday, trading near the pivotal $100,000 mark. This rally is fueled by broad market optimism following softer-than-expected U.S. inflation data, which improved investor sentiment across asset classes. As of 01:12 ET (06:12 GMT), Bitcoin rose 2.5% to $99,478.4, after …