Market Update

The latest nonfarm payrolls report for March delivered a stunner: 228,000 new jobs, a clear signal of a thriving U.S. economy. Unveiled on April 4, 2025, this figure crushed expectations and should’ve been a golden moment for markets. Instead, it barely registered. The reason? Rising trade tensions and the looming …

The U.S. dollar continues to rise, benefiting from the increase in job growth revealed by Friday’s employment readings, which were largely mixed.The dollar index, which measures the performance of the U.S. currency against six major currencies, rose to 102.46 points compared to the previous daily close of 102.07 points.The index …

In a speech delivered on Friday at the Society for Advancing Business Editing and Writing’s annual conference, Federal Reserve Chair Jerome Powell cautioned that the economic consequences of President Trump’s newly proposed tariffs could be far more significant than initially anticipated. Powell highlighted that these tariff increases, which exceed earlier …

Gold prices have declined for the second consecutive day, sliding more than 2.80% to a seven-day low of $3,023 per troy ounce, as the metal’s safe-haven allure fades. The drop follows remarks from Federal Reserve Chair Jerome Powell during a conference in Virginia, where he adopted a hawkish tone that …

The U.S. economy added more jobs than expected in March, but significant downward revisions to February’s employment numbers and an uptick in the unemployment rate have heightened uncertainty about the direction of the economy, complicating the Federal Reserve’s path forward on interest rates. According to data released Friday by the …

U.S. stock index futures fell sharply on Friday, deepening losses after China announced sweeping tariffs on all U.S. imports, intensifying the trade war between the world’s two largest economies just days after President Donald Trump’s aggressive tariff hike. At 08:00 ET (12:00 GMT), Dow Jones futures plunged 1,150 points, or …

In a fresh escalation of the ongoing trade tensions between China and the United States, Beijing unveiled significant retaliatory measures on Friday, responding to recent tariff hikes announced by U.S. President Donald Trump. The Chinese Ministry of Finance announced the implementation of an additional 34% tariff on all American imports, …

European shares fell sharply on Friday, poised for their steepest weekly decline in three years, as investors grew increasingly anxious about a potential global recession after U.S. President Donald Trump unveiled sweeping tariffs targeting key trading partners. The pan-European STOXX 600 index dropped 1.8% by 0815 GMT, bringing its weekly …

Gold prices retreated slightly in Asian trading on Friday but were still headed for their fifth consecutive weekly advance, buoyed by sustained safe-haven demand amid concerns over U.S. President Donald Trump’s extensive tariff measures. Spot Gold slipped 0.4% to $3,101.35 per ounce by 02:10 ET (06:10 GMT). Earlier this week, …

Bitcoin prices slipped slightly on Friday amid a broad risk-off move across global markets after U.S. President Donald Trump’s sweeping tariff announcement intensified fears of a global economic slowdown, dampening appetite for speculative assets. The world’s largest cryptocurrency was down 0.3% at $83,121.50 by 01:50 ET (05:50 GMT). Trump’s Comprehensive …