Asian equities posted broad gains on Friday, led by a strong rally in technology shares, after news broke that U.S. President Donald Trump is scheduled to meet with Chinese President Xi Jinping next week. The confirmation of dialogue between the world’s two largest economies helped ease investor concerns over recent …
Read More »Canadian Retail Sales Rebound in August, Driven by Auto Sector and Discretionary Spending
Canadian retail sales saw a notable 1.0% increase in August, rising to $70.4 billion, according to data released Friday by Statistics Canada. This performance marked a decisive turnaround following a contraction in July, with the growth observed across six of nine subsectors. Significantly, the gain was matched by a 1.0% …
Read More »European Markets Gain on US-China Thaw, Defense Stocks Surge on Earnings
European stocks opened higher on Friday, with market sentiment buoyed by the prospect of de-escalating U.S.-China trade tensions. The DAX index in Germany gained 0.2%, the CAC 40 in France climbed 0.3%, and the FTSE 100 in the U.K. rose 0.1% as investors cheered the confirmation of a high-stakes meeting. …
Read More »Market Jitters as Tesla Disappoints and US-China Trade Tensions Flare
U.S. stocks struggled for direction on Thursday, inching marginally higher as investors sifted through a heavy slate of corporate earnings while simultaneously grappling with escalating geopolitical risks, particularly renewed tensions between the U.S. and China. By mid-morning, the Dow Jones Industrial Average was up a modest 35 points (0.1%), the …
Read More »Bitcoin Stalls as Trade Tensions and Whale Activity Keep Sentiment Fragile
Bitcoin struggled for direction on Thursday, remaining stuck within a narrow range as renewed U.S.–China trade tensions and cautious investor sentiment kept crypto markets subdued. The world’s largest cryptocurrency edged up 0.8% to $108,918.2 by 06:06 GMT, extending its recovery from earlier lows near $103,000 this month, but still trapped …
Read More »European Stocks Rise as Energy Gains Offset Trade Concerns and Earnings Flood
European equities climbed modestly on Thursday, supported by strong performances in the energy sector and a raft of corporate earnings, even as investors weighed the implications of U.S. sanctions on Russia and renewed U.S.–China trade tensions. At 07:05 GMT, Germany’s DAX rose 0.1%, France’s CAC 40 gained 0.2%, and the …
Read More »Gold Rebounds as Renewed U.S.–China Tensions and Sanctions on Russia Lift Safe-Haven Demand
Gold prices rebounded on Thursday, snapping a two-day losing streak as renewed U.S.–China trade tensions and fresh Western sanctions on Russia revived safe-haven appetite ahead of key U.S. inflation data later this week. By 06:15 GMT, spot gold rose 0.9% to $4,137.40 per ounce, while U.S. gold futures climbed 2% …
Read More »Asian Markets Retreat as U.S.–China Trade Tensions Resurface; Japan and China Lead Declines
Most Asian stock markets extended losses on Thursday, dragged down by renewed U.S.–China trade tensions and profit-taking following recent rallies in Japan and South Korea. By mid-morning, Japan’s Nikkei 225 had fallen 1.5%, while China’s CSI 300 dropped 0.6% and the Shanghai Composite slipped 0.7%, leading the regional downturn. U.S. …
Read More »Oil Prices Climb on Trade Optimism and Supply Concerns
Oil prices advanced for a second consecutive session on Wednesday, supported by optimism surrounding potential progress in U.S. trade negotiations with China and India and signs of tightening supply. By 12:11 GMT, Brent crude futures were up 1.9% to $62.50 a barrel, while U.S. West Texas Intermediate (WTI) gained 2% …
Read More »Pound Slides as U.K. Inflation Holds Steady, Boosting BoE Rate Cut Bets
The British pound weakened on Wednesday, falling against both the U.S. dollar and the euro, after official data showed that U.K. inflation unexpectedly held steady in September, rather than rising as markets had anticipated. The Consumer Price Index (CPI) remained at 3.8% for the third consecutive month, according to the …
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