Production at the VW plant in Emden. Sina Schuldt | Picture Alliance | Getty Images The struggling German economy has been a major talking point among critics of Chancellor Olaf Scholz’ government during the latest election campaign — but analysts warn a new leadership might not turn these tides. As voters prepare to head to
In this article XYZ Follow your favorite stocksCREATE FREE ACCOUNT Marco Bello | AFP | Getty Images Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported
Fundamental Overview Gold came under pressure last Friday following the weak US Retail Sales data. That reaction seemed wrong-footed given that it should actually support gold due to falling real yields. Moreover, Retail Sales are volatile so one negative month doesn’t change anything. Sure enough, the market eventually started to erase the losses with the
The Reserve Bank of Australia is expected to cut the OCR by 25 basis points. Australian core inflation eased in the final quarter of 2024 but remained above the RBA’s target. The Australian Dollar consolidates gains against its American rival ahead of the announcement. The Reserve Bank of Australia (RBA) will announce its first monetary
Brent crude oil prices paused in early trading on Tuesday after gaining in the previous session following a drone attack on an oil pipeline pumping station in Russia that reduced flows from Kazakhstan. Brent crude futures ticked down 7 cents, or 0.09%, to $75.15 a barrel by 0137 GMT. U.S. West Texas Intermediate (WTI) crude
Yen remains the standout performer, even though momentum had moderated slightly. Discussions surrounding BoJ’s next move continue to dominate, particularly in a low-activity session with both US and Canadian markets closed for holidays. After stronger than expected Japanese Q4 GDP report, market expectations for a July rate hike to 0.75% have strengthened to around 80%.
Fundamental Overview Yesterday, the US PPI report came in higher than expected but the focus was on the details that feed into the Core PCE index, which is what the Fed focuses on. Those details were all very soft and helped to bring the early estimates down to more benign levels. In fact, the Core
Gold price edges higher in Friday’s Asian session. Trade war fears and lower US bond yields support the precious metal. Investors brace for the US January Retail Sales data, which is due later on Friday. Gold price (XAU/USD) extends its upside during the Asian trading hours on Friday. The growing concerns about US President Donald
Amid high volatility, Gold April futures contracts at MCX opened higher on Thursday at Rs 85,830 per 10 gram, hovering near its higher levels. The yellow metal was up by 0.41% or Rs 349 in early trade. Silver March futures contracts, meanwhile, opened flat at Rs 95,580/kg, marginally up by 0.08% or Rs 78. On
The currency markets are treading cautiously, with traders showing little reaction to stronger-than-expected US PPI data and a better-than-anticipated jobless claims report. Despite these inflationary signals, Dollar has struggled to gain further traction, as market participants hold their positions ahead of a highly anticipated announcement on US “reciprocal tariffs” from President Donald Trump. The announcement,
Fundamental Overview Gold jumped to yet another all-time high today following renewed tariffs fears. In fact, over the weekend, Trump talked about imposing a 25% tariff on steel and aluminium on all countries on Monday and that he will announce reciprocal tariffs on Tuesday or Wednesday. This is giving gold a boost not only from
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The Australian Dollar loses ground as Trump announces plans to impose a 25% tariff on all steel and aluminum imports. The AUD faced challenges as China’s retaliatory tariffs on certain US exports have come into effect. The US Dollar received support as January’s job report reinforced the cautious mood surrounding the Fed’s policy outlook. The
Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump’s latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 40 cents, or 0.5%, to $75.06 a barrel by 0133 GMT while U.S. West Texas Intermediate crude
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move
Jobseekers talk to recruiters during the New York Public Library’s annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, US, on Friday, Sept. 6, 2024. Yuki Iwamura | Bloomberg | Getty Images Unemployment among Black men surged in January as the number of those looking for
In this article AMZN GOOGL MSFT META Follow your favorite stocksCREATE FREE ACCOUNT A picture shows logos of the Big Tech companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, on June 2, 2023. Sebastien Bozon | AFP | Getty Images Megacap technology companies funneled billions of dollars into artificial intelligence last year to
Fundamental Overview Gold continued to print new all-time highs day after day this week as the fall in real yields and later the US dollar gave the precious metal a tailwind to push into new highs. The most recent rise though has been quite parabolic and that’s often followed by a deeper pullback. We have