The U.S. dollar fell sharply on Monday while the Japanese yen surged, as markets speculated that U.S. and Japanese authorities may be coordinating to support the beleaguered yen ahead of this week’s Federal Reserve meeting. By early European trading, the Dollar Index slipped 0.4% to 96.975, its weakest level since …
Read More »Bitcoin Hovers Near Monthly Lows as Fed Jitters and Liquidations Weigh
Bitcoin traded close to one-month lows on Monday, extending last week’s sharp losses as investors stayed cautious ahead of the Federal Reserve’s policy meeting and after heavy liquidations rippled through leveraged crypto markets. The world’s largest cryptocurrency slipped 0.2% to $80,185 by early European trading. Bitcoin is down more than …
Read More »Oil Steadies as Geopolitical Risks Offset Supply Surplus Fears
Oil prices held near recent highs on Monday after last week’s sharp gains, as markets balanced rising geopolitical tensions against lingering concerns of a potential global supply glut. Brent crude slipped 0.1% to $65.84 a barrel, while U.S. West Texas Intermediate eased 0.1% to $61.03. Both benchmarks had jumped more …
Read More »Gold Smashes $5,000 as Investors Rush to Safety Amid Global Tensions
Gold surged past the landmark $5,000-per-ounce level on Monday, extending a historic rally as investors flocked to safe-haven assets amid mounting geopolitical uncertainty and renewed trade tensions. Spot gold jumped 1.5% to $5,058.09 an ounce by early European trade, after touching a fresh all-time high of $5,092.71. U.S. gold futures …
Read More »U.S. Futures Slip as Intel Sinks, Geopolitical Risks Keep Markets on Edge
U.S. stock futures pointed lower on Friday, putting both the S&P 500 and Nasdaq on track for a second straight weekly decline, as a sharp drop in Intel shares and lingering geopolitical uncertainty weighed on risk appetite. By 8:35 a.m. ET, S&P 500 E-minis were down 0.2%, Nasdaq 100 futures …
Read More »Bitcoin Slides Toward Weekly Loss as Safe Havens Outshine Crypto
Bitcoin slipped on Friday, capping a weak week as easing tensions over Greenland and a major corporate purchase failed to revive appetite for cryptocurrencies. The world’s largest digital asset fell 0.5% to $89,517 in early Asian trade, and was on track for a weekly decline of about 5%. Any brief …
Read More »UK Business Activity Hits 21-Month High as Services Lead January Surge
Private sector activity in the U.K. expanded at its fastest pace in nearly two years in January, according to S&P Global’s latest flash PMI data, signaling a stronger start to 2026 for the economy. The composite PMI rose to 53.9 from 51.4 in December, marking the ninth straight month above …
Read More »Eurozone PMI Holds at 51.5 as Services Slow, Manufacturing Shows Mild Improvement
Business activity across the Eurozone remained in expansion territory in January, but momentum showed signs of softening as the services sector lost steam, according to the latest flash HCOB PMI data. The Composite PMI held steady at 51.5, slightly below market expectations of 51.6. While the headline figure still points …
Read More »U.K. Retail Sales Jump in December, Adding Complexity to BoE Rate Outlook
U.K. retail sales rebounded sharply in December, signaling a return of consumer confidence after months of caution surrounding the Autumn budget and giving the Bank of England fresh food for thought ahead of its February policy meeting. Monthly sales rose 0.4%, reversing November’s decline, while annual growth surged to 2.5%—well …
Read More »Oil Climbs in Asia as Trump Signals Possible Action Against Iran
Oil prices advanced in Asian trading on Friday after U.S. President Donald Trump warned of potential military action against Iran, reigniting fears of supply disruptions in the Middle East. Despite some volatility earlier in the week, crude was on track for a fifth consecutive weekly gain, supported by expectations of …
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