U.S. stocks continue to rise, benefiting from some factors available in the markets, most notably economic data and some factors related to the trade policies of the Trump administration. The Dow Jones Industrial Average fell to 44,609 points after giving up 100 points, or 0.3%. But the S&P 500 index …
Read More »Pound Strengthens Against Dollar Amid Weak US Data
The British Pound has rallied against the US Dollar, surpassing the 1.2600 mark. This surge is primarily attributed to unexpectedly weak US retail sales data, which suggests a pullback in consumer spending. The Pound’s upward momentum has also been bolstered by positive UK economic indicators. US Retail Sales DisappointUS retail …
Read More »Decoding the January Retail Sales Dip
January’s US retail sales figures revealed a surprising 0.9% month-over-month decline, the sharpest drop in nearly two years. This figure initially sparked concerns about the economy’s health. However, a closer examination reveals a more nuanced picture, suggesting that the drop may not signal a significant shift in consumer spending. Several …
Read More »U.S. Futures Trade Mixed as Investors Weigh Inflation, Earnings, and Trade Uncertainty
U.S. stock index futures hovered near flat levels on Friday as investors digested hot inflation data, corporate earnings reports, and uncertainty surrounding U.S. trade policies. Futures Movement as of 05:15 ET (10:15 GMT): Dow Jones Futures ↓ 100 points (-0.2%) S&P 500 Futures ↓ 2 points (-0.1%) Nasdaq 100 Futures …
Read More »Russia Holds Interest Rate at 21% as Rouble Strengthens
The Russian central bank kept its benchmark interest rate unchanged at 21% during its board meeting on Friday, maintaining a tight monetary stance despite recent economic optimism fueled by improving U.S.-Russia relations. Key Takeaways from the Decision: The rate remains at 21%, a level set in October 2024 to combat …
Read More »European Stocks Slip as Investors Lock in Gains
European stock markets edged lower on Friday, with investors taking profits after a strong week of gains. Despite this pullback, sentiment remained positive following U.S. President Donald Trump’s decision to delay reciprocal tariffs on major trading partners, including the European Union. As of 03:15 ET (08:15 GMT): Germany’s DAX fell …
Read More »Bitcoin Stagnates Amid Trade Uncertainty, Inflation Concerns
Bitcoin prices remained largely unchanged on Friday, reflecting a muted weekly performance as concerns over U.S. trade tariffs and persistent inflation kept investor demand for crypto limited. Despite reports that GameStop Corp (NYSE:GME) is considering investing in Bitcoin and crypto, the news failed to generate significant price movements in the …
Read More »Gold Prices Hold Near Record Highs as Dollar Weakens, Haven Demand Persists
Gold prices remained steady during Asian trading hours on Friday, hovering close to record highs despite a shift towards riskier assets after U.S. President Donald Trump postponed plans for reciprocal tariffs. However, steep losses in the U.S. dollar provided support for gold, as the greenback erased most of its recent …
Read More »Could BTC test all-time-highs?
Bitcoin, currently trading around $96,017, is consolidating below $100,000, yet several factors hint at a potential price surge. On-chain data shows a significant drop in small Bitcoin holders, suggesting retail investors are selling due to fear. Historically, this capitulation often coincides with large holders, “whales,” accumulating Bitcoin, frequently preceding price …
Read More »Dollar Retreats Despite Price Pressures and Labour Market Conditions
The US dollar’s recent performance presents a puzzle. Despite robust Producer Price Index (PPI) data and a resilient labour market, the dollar has weakened, underscoring the powerful influence of geopolitical events and shifting market sentiment. This dynamic suggests that traditional economic indicators may, at times, take a backseat to broader …
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