Market Update

Oil prices fell on Wednesday, pressured by a build-up in U.S. crude inventories and reduced concerns over Libyan supply disruptions. Investors are also closely monitoring potential U.S. tariffs on Canadian and Mexican oil imports. As of 0916 GMT: Brent crude futures declined $0.59 (-0.76%) to $77.90 per barrel. U.S. West …

European stock markets remained relatively stable on Wednesday as investors evaluated a series of major corporate earnings while awaiting policy decisions from both the European Central Bank (ECB) and the U.S. Federal Reserve. As of 03:05 ET (08:05 GMT): Germany’s DAX rose 0.4% France’s CAC 40 slipped 0.4% UK’s FTSE …

Gold prices remained largely unchanged in Asian trading on Wednesday as investors braced for the Federal Reserve’s policy decision amid growing uncertainty surrounding U.S. trade policies under President Donald Trump. Spot gold was muted at $2,762.64 per ounce, while gold futures for February delivery edged up 0.1% to $2,796.06 an …

The US Dollar regained momentum, climbing to two-day highs as US yields rebounded and tariff-related headlines fueled market activity. All eyes are now on the Federal Open Market Committee (FOMC) meeting, a pivotal event that could shape market sentiment in the coming weeks. The US Dollar’s Resurgence The US Dollar …

Gold prices have rebounded sharply, driven by escalating trade tensions and market volatility. The precious metal, often seen as a safe-haven asset, has surged past $ 2,790. This rally comes amid heightened uncertainty surrounding U.S. trade policies and cautious market sentiment ahead of the Federal Reserve’s monetary policy decision.Trade War …

As the Federal Open Market Committee prepares to announce its January 2025 monetary policy decision, the financial world is watching closely. The Fed’s actions will hinge on the interplay of inflation, economic growth, and labour market dynamics, with global risks and fiscal policy adding further complexity. This decision comes at …

The BoC, facing slowing global growth and domestic economic challenges, is expected to lower interest rates to stimulate economic activity. Lower borrowing costs can encourage investment and consumption, thereby boosting economic growth. However, the potential for increased tariffs on Canadian goods could significantly undermine these efforts.The Bank of Canada is …

The euro declined on Tuesday, pressured by a strengthening US dollar, which benefited from statements by US President Donald Trump regarding trade policies. These statements highlighted the possibility of tightening existing restrictions on US imports from abroad. The EUR/USD pair dropped to 1.0430 compared to the previous day’s close of …

The GBP/USD pair tumbled as President Trump’s proposed tariffs on various industries raised fears of a trade war. The US Dollar Index climbed 0.4% to 107.86, pressuring GBP/USD amid increased market risk aversion. The US saw a significant drop in Durable Goods Orders and Consumer Confidence, while inflation expectations rose. …

Treasury bond yields continued to climb, buoyed by statements from U.S. President Donald Trump threatening to raise tariffs on all U.S. imports as part of a renewed comprehensive trade policy framework for the new administration, which will rely more on trade restrictions and protectionist tariffs.The yield on the 10-year U.S. …