Market Update

Federal Reserve Chair Jerome Powell delivered a sobering assessment of the U.S. economic landscape, underscoring the complex trade-offs facing monetary policymakers. In his latest remarks, Powell emphasized that while recent data still point to steady economic growth, the central bank is increasingly concerned about mounting risks in both the labor …

The British pound extended its decline for a second consecutive day, sliding toward the 1.3300 mark against the US dollar. This drop follows the release of disappointing UK employment data, which has intensified speculation that the Bank of England may soon pivot toward interest rate cuts.Sterling traded around 1.3300 after …

The cryptocurrency market recently endured a turbulent weekend, experiencing what industry observers are calling the largest single-day liquidation event in its history. The massive sell-off was ignited by an escalation of U.S.-China trade tensions, which spilled over from traditional markets and caused prices across the digital asset space to plummet. …

The International Monetary Fund (IMF) raised its global growth forecast for 2025 to 3.2%, up from 3.0% in July, while keeping its 2026 projection steady at 3.1%, according to its World Economic Outlook report released Tuesday. Moderate Optimism Despite Trade Risks The IMF’s upward revision reflects more resilient financial conditions …

U.S. stock index futures moved lower on Tuesday, signaling a pause in the market’s recent rebound, as renewed concerns over the U.S.-China trade conflict and anticipation ahead of key bank earnings weighed on sentiment. Futures Turn Lower After Monday’s Recovery By 09:44 GMT, S&P 500 futures fell 0.8% (–55 points), …

European equities turned lower on Tuesday, with markets struggling to shake off renewed fears of a U.S.-China trade war and ongoing political turbulence in France. The decline came despite a brief rebound in the prior session, as traders reassessed global risk appetite. Broad-Based Losses Across Europe By 08:15 GMT, the …

Bitcoin extended its slide on Tuesday, cutting short a brief rebound as escalating tensions between Washington and Beijing reignited global risk aversion, prompting traders to rotate out of crypto assets and into traditional havens like gold. Bitcoin Pulls Back After Record Rally The world’s largest cryptocurrency fell 1% to $113,547.0 …

British wage growth cooled to its weakest pace since mid-2022, while unemployment ticked higher, reinforcing expectations that the Bank of England (BoE) could deliver its first rate cut earlier than previously anticipated. Pay Growth Loses Momentum but Hiring Shows Signs of Stabilization Data from the Office for National Statistics (ONS) …

Gold prices steadied in Asian trade on Tuesday after a dramatic surge to a new all-time high above $4,100 per ounce, as renewed friction between the United States and China triggered a sharp flight to safety. Silver also rallied to record levels before retreating amid profit-taking. Gold Holds Firm After …

The swift rebound in the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite on Monday, recovering a significant portion of Friday’s trade-war-induced rout, suggests an all-too-familiar pattern: markets discounting political friction as fleeting drama. President Donald Trump’s calming words via social media, hinting at a resolution with …