The price of bitcoin has somewhat recovered, but inflation and new tariff worries are still present. Following a sharp decline over the weekend due to worries about new trade tariffs, Bitcoin witnessed a slight comeback on Monday, rising 1.3% to $97,873.0. Growing trade tensions between the United States and China …
Read More »Lagarde Reaffirms ECB’s Recovery Outlook Despite Inflation Uncertainties
In her speech on Monday, Christine Lagarde, the president of the European Central Bank, reiterated the ECB’s conclusion is that the circumstances for economic recovery in the Eurozone are still favorable. Lagarde underlined her optimism that inflation will return to the ECB’s 2% medium-term target sometime in 2025, specifically this …
Read More »EUR/USD appreciates as investors grow alarmed by fresh tariff threats
Although the EUR/USD recovers some of its intraday losses and closes to 1.0300, the picture remains murky due to fresh concerns over US President Trump’s tariffs. President Trump of the United States is about to impose 25% tariffs on all imports of steel and aluminum.On Tuesday and Wednesday, investors look …
Read More »Trump’s Looming Tariffs and BoE Shift Weigh on Pound Sterling
The Pound Sterling weakened against the US Dollar on Monday, falling below the 1.2400 level to 1.2385, a 0.16% decline. This drop occurred following announcements of new US tariffs on aluminum and steel, with hints of additional tariffs to come. The Sterling’s pair is trading at 1.2375 at the time …
Read More »Dollar Strengthens as Trump Announces New Tariffs
The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement of 25% tariffs on all steel and aluminum imports, with additional reciprocal tariffs expected midweek. U.S. Dollar Index (DXY): Up 0.1% to 108.17 USD/JPY: Up 0.59%, reversing last week’s yen rally EUR/USD: Flat at $1.0329 …
Read More »European Stocks Edge Higher Despite Trade Uncertainty
European stock markets opened on a positive note Monday, showing resilience despite fresh U.S. trade tariffs. DAX (Germany): Up 0.3% CAC 40 (France): Up 0.1% FTSE 100 (UK): Up 0.1% Key Market Drivers: New U.S. Tariffs and Retaliation Risks President Trump announced 25% tariffs on all steel and aluminum imports, …
Read More »Gold Surges to Record Highs Amid Trade Tariff Uncertainty
Gold prices climbed to all-time highs on Monday, as escalating trade tensions and global economic uncertainty fueled safe-haven demand. Spot gold: Up 1.1% to $2,892.30 per ounce Gold futures (April contract): Up 0.9% to $2,916.05 per ounce Key Drivers: Trump’s Tariff Moves Spark Market Jitters 25% tariffs imposed on all …
Read More »Oil Prices Edge Higher Despite Tariff Concerns and Weak Chinese Demand
Oil prices rose in Asian trading on Monday after three straight weeks of declines, despite U.S. President Donald Trump’s new tariff measures on steel and aluminum imports. Brent crude: Up 0.5% to $75.06 per barrel WTI crude (March contract): Up 0.6% to $71.13 per barrel Key Drivers: Tariffs and Trade …
Read More »Financial Markets’ Weekly Brief: Navigating a Shifting Economic Landscape
Tariffs, Trade Diversification, and the NFP ImpactThe global trade landscape is bracing for potential shifts as the specter of renewed US tariffs looms. Since 2017, even with relatively strong US economic growth, US share of global trade has been on a downward trend, while its share of global GDP and …
Read More »Amazon’s Q4: Earnings Beat, Cloud Concerns, and the AI Gamble
Amazon’s Q4 earnings presented a complex picture, with positive earnings per share offset by concerns about cloud growth and future revenue projections. While the company exceeded expectations on earnings per share, reaching $1.86 compared to the anticipated $1.49, and revenue marginally surpassed forecasts at $187.8 billion, the performance of Amazon …
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