European shares moved lower on Friday, heading toward a muted close to a volatile week marked by investor caution toward technology stocks and a string of disappointing corporate earnings, with automaker Stellantis delivering the latest shock. The pan-European STOXX 600 fell 0.2% to 610.28 points by 08:09 GMT. Stellantis shares …
Read More »German Exports Jump in December, but Factory Output Slumps, Clouding Recovery Outlook
Germany’s trade sector ended the year on a strong note, but weakness in industrial production underlined the fragile and uneven nature of any economic recovery in Europe’s largest economy, official data showed on Friday. German exports surged 4.0% in December compared with the previous month, significantly outperforming expectations for a …
Read More »Oil Slides Nearly 3% as U.S.-Iran Talks Ease Supply Fears
Oil prices settled sharply lower on Thursday after the United States and Iran agreed to hold talks in Oman on Friday, easing market concerns over potential disruptions to Iranian crude supplies and injecting fresh volatility into energy markets. Brent crude futures closed down $1.91, or 2.75%, at $67.55 per barrel, …
Read More »Oil Market Slides as Oman Talks Loom
Market SnapshotBrent crude: $67.52 (‑2.06%)WTI: $63.20 (‑1.95%)US crude inventories: down 3.5 million barrelsDistillates: down 5.6 million barrelsMarket focus: Friday’s Oman talks and upcoming U.S. employment dataOil Prices Dip as Diplomacy Eases Risk PremiumGlobal oil prices eased on Thursday as traders responded to confirmation that talks between the United States and …
Read More »Gold Slides Sharply Amid Dollar Strength and Profit-Taking Dollar Strength Drives Gold Lower
Gold prices tumbled nearly 2% on Thursday, retreating to $4,880 per ounce as the US Dollar regained strength and investors booked profits. Despite weak US labor data suggesting a softening job market, the Dollar remained resilient, putting pressure on precious metals.Market Sentiment and Central Bank Signals The market’s reaction reflects …
Read More »European Stocks Mixed as Earnings Take Center Stage Ahead of ECB, BoE Decisions
European equity markets traded in a mixed fashion on Thursday, as investors weighed overnight weakness on Wall Street against a fresh round of corporate earnings, while looking ahead to key policy decisions from the European Central Bank and the Bank of England later in the day. At 03:05 ET (08:05 …
Read More »Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus
U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chinese President Xi Jinping, covering a broad range of geopolitical and economic issues ahead of Trump’s planned visit to China in April. Trump said the discussion touched on Iran, Russia’s war in Ukraine, …
Read More »Gold Retreats in Asia as Silver Suffers Sharp Selloff on Dollar Strength
Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunged sharply, erasing much of its brief rebound earlier this week as renewed pressure returned to metal markets. Spot gold slipped 1.3% to $4,899.18 an ounce by early Asian hours, while April gold futures fell …
Read More »Gold Pulls Back as US Dollar Gains and Geopolitical Tensions Ease
Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as the US dollar strengthened and global geopolitical tensions eased. The yellow metal, a traditional safe-haven, came under pressure as investors digested a mix of US economic signals and signs of international calm. The move highlights …
Read More »NFP and CPI Delayed to February 11 and 13 Respectively After End of Partial U.S. Government Shutdown
The January Nonfarm Payrolls (NFP) report will now be released on February 11, five days later than originally scheduled, following a brief partial government shutdown. Meanwhile, the January Consumer Price Index (CPI) and real earnings report will be delayed to February 13, and the Job Openings and Labor Turnover Survey …
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