British inflation accelerated sharply in April, exceeding both market and central bank forecasts, reigniting concerns that price pressures remain deeply rooted in the economy and potentially challenging the Bank of England’s expected path of gradual interest rate reductions. Data released by the Office for National Statistics (ONS) on Wednesday showed …
Read More »Bitcoin Rises as Stablecoin Bill Advances in Senate, Market Eyes Trump Tax Vote
Bitcoin extended its upward momentum on Tuesday as the U.S. Senate cleared a major procedural hurdle for the long-anticipated GENIUS Act—a bill that would establish a federal framework for stablecoin regulation. The move marks a significant step toward broader institutional support and regulatory clarity for the crypto sector, further fueling …
Read More »Oil Prices Hold Steady Amid Geopolitical Uncertainty and Tepid Chinese Data
Oil prices were little changed on Tuesday as traders balanced mixed geopolitical signals and signs of economic softening from China, the world’s top crude importer. Brent crude futures for July delivery edged down 7 cents, or 0.1%, to $64.75 a barrel by 09:47 GMT. U.S. West Texas Intermediate (WTI) futures …
Read More »European Markets Climb as Chinese Rate Cut and Ukraine Peace Prospects Buoy Sentiment
European equity indices edged higher on Tuesday, lifted by a surprise rate cut in China and renewed optimism surrounding a potential ceasefire in Ukraine, injecting a sense of optimism into global financial markets. By 03:05 ET (07:05 GMT), the DAX in Germany rose 0.2%, France’s CAC 40 gained 0.2%, and …
Read More »Canadian Inflation in Focus as Loonie Awaits CPI Clarity Amid Trade Turbulence
The spotlight turns to Canada this Tuesday as Statistics Canada unveils the April Consumer Price Index (CPI) — a release that could shape the Bank of Canada’s next policy move and determine whether the Canadian Dollar can break free from its recent consolidation phase. Headline inflation is expected to slow …
Read More »Gold Slips Below $3,210 as Risk Appetite Grows on Trade Truce and Ceasefire Hopes
Gold prices extended their decline in early European trading on Tuesday, with XAU/USD hovering just above the $3,200 level as market appetite for risk continues to weigh on demand for safe-haven assets. Optimism surrounding the recent U.S.-China trade truce, alongside fresh hopes for a Russia-Ukraine ceasefire, have underpinned a broadly …
Read More »Oil Prices Slip Amid U.S. Credit Downgrade and China Growth Concerns
Oil prices fell slightly on Monday, pressured by Moody’s downgrade of the U.S. sovereign credit rating and signs of a cooling economic recovery in China, the world’s largest crude importer. As of 04:40 GMT, Brent crude futures for front-month delivery dropped 35 cents, or 0.5%, to $65.06 per barrel, while …
Read More »Bitcoin Nears Record High as Trade Relief, Rate-Cut Hopes and Credit Woes Fuel Rally
Bitcoin continued its upward march on Monday, climbing 1.4% to $104,815.5 by 02:51 GMT, after briefly breaching $107,000 earlier in the session. The token is now trading at its highest level since January 2025, just shy of its all-time high of $109,228, as a confluence of macroeconomic tailwinds and investor …
Read More »European Stocks Slip as Markets Eye UK-EU Summit, Ukraine Talks and Final EU Inflation Data
European equity indices opened slightly lower on Monday, as investors took a cautious approach to start the week amid key geopolitical developments and the release of eurozone inflation data. By 03:05 ET (07:05 GMT), the DAX index in Germany was down 0.1%, France’s CAC 40 lost 0.4%, and the FTSE …
Read More »Gold Prices Rise as Moody’s U.S. Downgrade Reignites Safe-Haven Demand
Gold prices climbed on Monday, supported by a resurgence in safe-haven demand after ratings agency Moody’s downgraded the U.S. sovereign credit rating, triggering risk aversion across global markets. Mixed Chinese economic data added to market caution, bolstering bullion’s appeal further. As of 01:51 ET (05:51 GMT), spot gold rose 0.5% …
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