U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic impact of ongoing trade tariff uncertainties. As of 07:00 ET (11:00 GMT), Dow Jones Futures fell 103 points (-0.3%), S&P 500 Futures declined 11 points (-0.2%), and Nasdaq 100 Futures edged down 25 points (-0.1%). …
Read More »Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision later this week. Bitcoin Price: Down 1.6% to $83,191.20 by 01:57 ET (05:57 GMT) Weekly Performance: Over 1% loss Crypto Markets on Edge Amid Fed Decision and Tariff …
Read More »Market weekly wrap: gold at all-time high amid anticipation of Fed’s decision
Gold concluded the week on a strong upward trajectory, recording significant gains driven by the weakness of the U.S. dollar. This performance was further bolstered by diminished risk appetite in financial markets and reports highlighting a substantial increase in central bank purchases of the precious metal. Several factors contributed to …
Read More »Alcohol Trade War Erupts: US Threatens 200% Tariffs on European Wines
A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …
Read More »Wall Street Brief: Trade Tensions and Inflation Data Shake Investor Confidence
A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties. The day’s financial landscape was marked by a surprising contradiction. While …
Read More »Bitcoin Recovers Amid Softer U.S. Inflation, But Trade War Concerns Persist
Bitcoin rebounded on Thursday, extending its recovery from recent losses, as cooling U.S. inflation data bolstered sentiment. However, gains remained limited due to trade war fears and ongoing recession concerns. The world’s largest cryptocurrency rose 1.8% to $83,511.6 by 01:27 ET (05:27 GMT), following a slight improvement in risk appetite …
Read More »CPI Data Boosts Tech, Tariff Threats Tumble Dow: Wall Street’s Wild Ride
Wall Street navigated a turbulent session, whipsawed by encouraging inflation data and escalating trade tensions. The Nasdaq 100 soared by a robust 1.43%, driven by the relentless strength of the Magnificent Seven and a powerful surge in chip stocks. This tech-fueled rally stood in stark contrast to the Dow Jones …
Read More »President Trump Asserts His Authority on Tariff Amid Current Trade Tensions
During a public meeting with Ireland’s Prime Minister, Micheál Martin, United States President Donald Trump addressed a range of topics, including trade policies, international relations, and economic strategies. His remarks reflected his characteristic approach to addressing contentious issues, particularly in the realm of trade.President Trump criticized the European Union (EU) …
Read More »Asian Markets Mixed Amid Tariff Uncertainty and Tech Rebound
Asian equities exhibited a mixed performance on Wednesday, as markets reacted to renewed uncertainty over U.S. President Donald Trump’s shifting trade policies. Losses were led by stocks in Australia and Malaysia, while South Korean shares rebounded, buoyed by modest gains in U.S. tech giants. The backdrop to the market action …
Read More »“Trump’s Tariff Tango: Backtracks, Ceasefire Hopes, and Economic Optimism
In a whirlwind of announcements, former U.S. President Donald Trump has stirred both domestic and international attention. Within hours of declaring on his Truth Social account a plan to impose a 50% double tariff on Canadian steel and aluminum, Trump appeared to backtrack. Facing pressure from market reactions and his …
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