Market Update

The Dow Jones Industrial Average (DJIA) surged 0.62%, inching closer to the 40,000 milestone, as investors embraced a wave of optimism driven by prospects of a Federal Reserve interest rate cut in June and signs of easing US-China trade tensions. The rally, which saw the Dow rebound from a daily …

The escalating trade war between the United States and China shows no signs of abating, as President Donald Trump’s recent hints at a softer stance have failed to sway Beijing’s resolute preparations for a prolonged economic standoff. Despite Trump and Treasury Secretary Scott Bessent adopting a more conciliatory tone, China …

The US Dollar reversed course, sliding downward after two days of robust gains, as optimism surrounding a potential US-China trade deal evaporated. Earlier market enthusiasm, sparked by upbeat remarks from US officials about ongoing trade talks, quickly faded. On Thursday, China firmly stated that no trade negotiations with the United …

The Pound Sterling staged a robust recovery against the US Dollar on Thursday, climbing above 1.3300 with a 0.55% gain, as escalating US-China trade tensions rattled investor confidence in the Greenback. China’s demand for a complete rollback of tariffs met firm resistance from US officials, who dismissed unilateral concessions, deepening …

Tariffs are dominating economic discussions, casting a shadow of uncertainty that has stalled many businesses. Federal Reserve Governor Christopher Waller recently underscored the difficulties companies face as they navigate these trade policies. The prevailing mood indicates firms are reluctant to act decisively, preferring to wait for clearer tariff outcomes. This …

European equity markets edged lower on Thursday as a cautious mood lingered, driven by mixed corporate earnings and uncertainty surrounding U.S. trade policy toward China. The pan-European STOXX 600 index slipped 0.3% by 07:14 GMT, retracing some of Wednesday’s gains, which had been fueled by a more conciliatory tone from …

Bitcoin prices edged lower on Thursday as traders took profits following a strong rally, though broader optimism around easing trade tensions between the U.S. and key global partners kept overall sentiment upbeat. Bitcoin Falls After Rally The world’s largest cryptocurrency dropped 1.2% to $92,575.3 by 02:35 ET (06:35 GMT). The …

Gold prices jumped in Asian trading Thursday, rebounding from recent losses as safe-haven appetite strengthened amid renewed tensions between the U.S. and China and a deadly escalation in the Russia-Ukraine conflict. Spot Gold surged 1.3% to $3,331.34/oz Gold Futures (June delivery) climbed 1.4% to $3,341.25/oz by 01:37 ET (05:37 GMT) …

Gold prices plummeted by 2.71% on Wednesday, dropping from a daily high of $3,386 to $3,287.94, shedding $91.43. The decline was driven by a surge in risk-on sentiment, fueled by hopes of de-escalating US-China trade tensions and reassuring comments from President Donald Trump about Federal Reserve Chair Jerome Powell. The …

The US Dollar Index (DXY) struggled to maintain momentum on Wednesday, hovering near 99.50 after relinquishing early gains from Asian trading. A combination of mixed economic data, uncertainty surrounding US trade policies, and a gloomy Federal Reserve Beige Book weighed on the Greenback. The DXY’s failure to sustain a push …