The three major US stock indexes closed higher at the opening session of the week yesterday, Monday, April 14, after a volatile session that saw both gains and losses, as market concerns over Trump's global tariffs continued. US President Donald Trump's exemption of technology products, most notably Apple products, from the additional 125% tariff on Chinese goods, as well as...
The European Central Bank's (ECB) meeting, which will be held mid-session on Thursday, April 17, will focus on monetary policy and interest rate developments. The bank is expected to cut interest rates for the sixth consecutive meeting, by 25 basis points, to 2.40%. The latest inflation reading for the eurozone, released in early April, according to Eurostat estimates, showed a...
Gold is trading higher for the fourth consecutive session in mid-European trading today, Friday, April 11, and is on track to post weekly gains of more than 6% after testing historic highs at the start of the session at $3,237 per ounce, supported by declines in the US dollar amid rising trade tensions and financial market turmoil, which supported safe...
Preliminary estimates from the UK Office for National Statistics showed that UK GDP rose by 0.5% in February, compared to a revised 0.0% in January, which was revised from a 0.1% decline. This was better than expectations of a 0.1% growth, driven primarily by growth in the services sector. This reading is expected to see the UK economy grow by...
Data released just moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, fell 0.1% in March after rising 0.2% in February, falling short of expectations for a 0.1% increase. The core CPI, which excludes food and energy prices, rose 0.1% compared to 0.2% in February (expected 0.3%). In contrast,...
in the middle of Thursday's trading session, following strong gains on Wednesday following Trump's decision to suspend tariffs. The price resumed its negative trend this morning, coinciding with the escalation of trade tensions between China and the United States. Nymex crude oil fell by approximately 2.34% to $60.89 a barrel, while Brent crude oil fell by approximately 2.28% to $63.99...
Data from the National Bureau of Statistics of China, released early Thursday, April 10, showed that the annual consumer price index (CPI), a measure of inflation, contracted for the second consecutive month in March, falling by 0.1% compared to a contraction of approximately 0.7% in February. Expectations were for it to remain unchanged at 0.0%. The core CPI, which excludes...
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...