The U.S. economy added 151,000 nonfarm payroll jobs in February, a figure that was lower than the 159,000 forecast but marked an improvement from the revised January total of 125,000, according to data from the Bureau of Labor Statistics released on Friday. The unemployment rate edged up to 4.1%, slightly …
Read More »European Markets Fall Amid ECB Cuts, Trade Policy Uncertainty, and U.S. Data Concerns
European stock markets sank on Friday as investors digested the latest European Central Bank (ECB) rate reduction ahead of key U.S. employment data, amid persistent uncertainty over U.S. trade policies. At 06:30 ET (11:30 GMT), the pan-European Stoxx 600 dropped 0.5%, Germany’s DAX fell 1.6%, France’s CAC 40 slipped 1.0%, …
Read More »Oil Prices Tumble as Tariff Fears and OPEC+ Production Hikes Weigh on Markets
Oil prices in Asian trading remained nearly unchanged on Friday, hovering close to their weakest levels for the year, as fears of increased U.S. trade tariffs continued to dampen risk appetite. Brent crude futures for May delivery rose 0.2% to $69.60 per barrel, while West Texas Intermediate crude futures climbed …
Read More »Bitcoin Drops as Trump’s Crypto Reserve Fails to Impress
Bitcoin fell 4.8% on Friday, sliding to $88,296.5 by 00:46 ET (05:46 GMT) as investor enthusiasm waned following U.S. President Donald Trump’s unveiling of a strategic reserve for cryptocurrency. The announcement, which came shortly after Trump’s crypto czar, David Sacks, outlined plans for the reserve, failed to spark significant market …
Read More »Will Macron Extend Nuclear Umbrella to European Allies?
President of France Emmanuel Macron is exploring the possibility of extending France’s nuclear deterrence to include European allies, addressing the escalating threat posed by Russia. This proposal arises amidst growing doubts about the United States’ dedication to European security and NATO, particularly following actions by former U.S. President Donald Trump …
Read More »Jobs Data Eve: Key NFP Looms Amid Shifting Market Dynamics
NFP Anticipation: Jobs Growth Expected Amidst Economic ShiftsThe US labor market’s health is once again under scrutiny as the February Nonfarm Payrolls (NFP) report approaches. Scheduled for release on Friday, March 7, the data is expected to reveal the creation of approximately 160,000 net new jobs. Economists also anticipate a …
Read More »Tariff Confusion Sends Dow Plunging Again
The Dow Jones Industrial Average suffered a significant drop of roughly 575 points on Thursday, as renewed trade war fears rattled markets. Despite attempts by the Trump administration to ease concerns about tariffs, ongoing mixed messages are fueling uncertainty and driving investor anxiety.President Trump’s shifting stance on trade, characterized by …
Read More »Tesla’s Fortunes: Political Backlash and Sales Slump Grip Musk’s Empire
The drop in loyalty rate for Tesla owners in blue states resulted in Tesla losing about a percentage point of market share in those states, which includes some of the nation’s biggest car markets, such as California.A poll last month by Morning Consult that shows that nearly 32% of US …
Read More »Canadian Export Surge Attributed to Tariff Avoidance
A significant and unexpected surge in Canada’s goods trade surplus in January was primarily caused by Canadian companies accelerating shipments to the United States to preempt potential tariffs. The substantial increase in exports to the U.S. was a direct response to the threat of levies. A corresponding, though smaller, rise …
Read More »Tariffs Pose “Substantial” Risks to UK and Global Economies, Bank of England Warns
The potential impact of escalating US tariffs on the UK economy, and indeed the global economy, is a cause for serious concern, according to the Governor of the Bank of England, Andrew Bailey. Speaking before MPs, Bailey emphasized that these tariffs could significantly hinder economic growth and present “substantial” risks.The …
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