The three major US indices recorded strong gains in mid-day trading on Wednesday, April 9, with the Dow Jones Industrial Average reclaiming the 40,000 level after US President Donald Trump issued a decision to suspend tariffs for most countries and implement lower tariffs. On social media, moments ago, the US president announced a 90-day suspension of high tariffs on dozens...
The yellow metal is trading more than 2% higher in mid-European trading today, Wednesday, April 9, after sharp declines from its record high of $3,167 per ounce on Wednesday, the eve of US President Donald Trump's tariff announcement. It then tested $2,956 earlier in the week before recovering a significant portion of its losses as the comprehensive tariffs took effect...
The Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 basis points to 3.5% at its meeting this morning, Wednesday, April 9, as expected. This is the second time this year, following a 50 basis point cut in February, bringing the total cut to 200 basis points. This is the fifth cut this cycle. The bank's interest rate...
Crude prices recorded some gains in mid-day trading on Tuesday, April 8, settling at their lowest levels since April 2021, after a wave of declines exceeding 15% since President Trump announced tariffs last week. Nymex crude is trading up about 0.67% at $61.10 a barrel, while Brent crude is trading at $64.54 a barrel, up about 0.51%. Market concerns about...
. Cryptocurrencies are recording near-collective gains this morning, Tuesday, April 8, after a series of sharp declines since President Trump announced the latest tariffs, a loss of more than 30% in their market value compared to its peak in December 2024. Bitcoin, the world's most valuable digital currency, is trading at $79,640,000, up 3.50% this morning, with its market capitalization...
For the third consecutive session, the sharp volatility and continued bleeding of global markets continued with the opening of the week's session today, Monday, April 7th, with US markets officially entering the bear market phase. US President Donald Trump announced late in the session on Wednesday, April 2nd, as scheduled, the final round of tariffs, imposing a minimum of 10%...
The report released by the US Bureau of Labor Statistics just moments ago showed that 228,000 jobs were added in March, compared to the revised 117,000 jobs added in February, better than market expectations of 137,000 jobs added. Meanwhile, the unemployment rate rose 0.1% to 4.2%, while expectations had indicated it would remain unchanged at 4.1% in February. The labor...
Crude prices fell by more than 4% in mid-trading on Thursday, April 3, continuing their decline of more than 2% on Wednesday after the US President imposed a series of tariffs amid anticipation of today's OPEC+ meeting. Nymex crude oil is trading down approximately 4.67%, trading at $68.35 a barrel, while Brent crude is trading at $71.67 a barrel, down...
Last Wednesday, April 2, US President Donald Trump announced, as scheduled, the final round of tariffs, imposing a minimum of 10% tariffs on all countries. These tariffs are scheduled to take effect on April 5, transforming the global trade system. Trump described this day as a historic event and a day of liberation for his country. The tariffs imposed by...
The US private sector added approximately 155,000 jobs in March, according to figures released just moments ago by ADP, after adding approximately 77,000 jobs in February's reading, compared to expectations of 118,000. Wages rose 4.6%. In detail, the manufacturing sector added approximately 21,000 jobs, while the construction sector added approximately 6,000 jobs. The services sector added 132,000 jobs, led by...