Market Update

European equity indices posted modest gains early Tuesday, with investors eyeing the release of key eurozone inflation data that could shape the European Central Bank’s next policy moves. Caution also lingered over global trade tensions and upcoming central bank decisions. As of 03:02 ET (07:02 GMT), Germany’s DAX rose 0.3%, …

Gold prices slipped in Asian trade on Tuesday as traders booked profits after a strong rally fueled by renewed geopolitical risks and persistent trade tensions. The yellow metal had surged over 2% on Monday, buoyed by heightened uncertainty surrounding the Russia-Ukraine war, U.S.-Iran nuclear talks, and ongoing concerns about U.S. …

Oil prices closed higher on Monday, the first trading day of the week, despite OPEC+’s decision to increase production for the third consecutive time since abandoning its long-standing voluntary output cuts aimed at bolstering global oil prices. This shift in production policy reflects OPEC+’s focus on maintaining its share of …

The euro climbed against the US dollar in the first session of the new trading week, fueled by intensified selling pressure on the American currency amid growing concerns over trade tensions. These concerns have intensified due to multiple factors since the end of last week through the close of Monday’s …

The US Dollar (USD) came under renewed selling pressure at the start of the trading week, dropping to multi-week lows as trade tensions and concerns about the US economy resurfaced.What to Watch on Tuesday, June 3, 2025:US: The US Dollar Index (DXY) fell below 99.00, hitting seven-week lows despite slight …

The USD/JPY currency pair experienced a notable decline on the first trading day of the new week, reflecting the broader weakening of the US dollar. This downturn was primarily driven by renewed concerns over trade tensions between the United States and China, further exacerbated by the US administration’s plans to …

Just like the US dollar, Wall Street stocks are retreating due to the resurgence of trade tensions between the United States and China, as reflected in statements made by US Treasury Secretary Scott Bessent last Friday. He highlighted the stalling of negotiations and the need for a strong push to …

The Canadian Dollar (CAD) continued its upward trend against the US Dollar (USD) for the third consecutive session on Monday, bolstered by higher oil prices and ongoing weakness in the Greenback. Positive developments in Canada’s manufacturing sector, contrasted with a deeper contraction in US factory activity, further supported the Loonie’s …

Gold prices have soared to a four-week high, driven by escalating geopolitical risks and renewed trade tensions. The XAU/USD pair climbed to $3,377, up 2.70%, as investors sought the safe-haven asset amid uncertainty. This rally, sparked by the Russia-Ukraine conflict and U.S. tariff policies, underscores gold’s enduring appeal in turbulent …

UK consumers continued to borrow and spend with confidence in April, shrugging off fears of an economic slowdown from the ongoing US trade war and a weakening domestic labour market. According to the latest money and lending figures, released by the Bank of England, this resilience is expected to support …