Market Update

On March 12, 2025, the Bank of Canada (BoC) Governor, Tiff Macklem, addressed the central bank’s policy direction during a press conference following the decision to lower its policy rate by 25 basis points, bringing it to 2.75%. Governor Macklem also responded to questions from the media, elaborating on the …

U.S. consumer prices rose at a slower-than-expected pace in February, signaling a potential cooling in inflation that could influence the Federal Reserve’s monetary policy decisions. According to government data released on Wednesday, the headline Consumer Price Index (CPI) increased by 2.8% year-over-year, down from 3.0% in January. On a monthly …

European stock markets opened higher on Wednesday as investors reacted to the European Union’s decision to impose retaliatory tariffs on U.S. imports worth up to €26 billion. Market sentiment was also boosted by the U.S. decision to resume intelligence sharing and military aid to Ukraine after Kyiv expressed support for …

Gold prices remained steady in Asian trading on Wednesday, as investors exercised caution ahead of a key U.S. inflation report. The metal continued to find support from its safe-haven appeal amid ongoing volatility surrounding President Donald Trump’s shifting tariff policies. Spot gold held at $2,911.17 per ounce, while gold futures …

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 …

The British pound has continued its upward trajectory since the start of trading on Tuesday, bolstered by a weakening US dollar, which has been further impacted by US President Donald Trump’s trade policies and recent developments in that area. Sterling/dollar rose to 1.2959, compared to the previous day’s close of …

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 …

Tuesday saw no relief for the US Dollar as it continued to face significant downward pressure, with its value plunging to levels not seen since early October. The Greenback’s decline comes amid mounting concerns over tariffs and fears of a potential US economic slowdown.On Wednesday, March 12, the US Dollar …

Crude oil prices edged slightly higher on Tuesday, buoyed by a weaker dollar, but gains were restrained by persistent concerns about a U.S. economic slowdown and the impact of escalating tariffs on global trade.Brent crude futures settled 28 cents, or 0.4%, higher at $69.56 a barrel after dipping to $68.63 …

US stocks have been under intense pressure since US President Donald Trump announced on Tuesday that he was considering imposing additional tariffs of 50% on US steel and aluminum imports from Canada, which are scheduled to take effect next Wednesday.This tariff comes as part of an escalation against the Ontario …