Forex

Gold Edges Higher in Asian Trade, Set for Weekly Gains on Rate and Trade Concerns Gold prices inched up during Asian trading on Friday, poised for weekly gains as uncertainty over U.S. interest rates and trade policies bolstered safe-haven demand. However, a strong dollar ahead of a key U.S. labor…

A Year of Transformation for Crypto ETFs Rewind to early January 2024, when the asset-management industry anxiously awaited the debut of U.S. spot Bitcoin exchange-traded funds (ETFs). Optimistic forecasts predicted these funds could amass up to $30 billion in their first year. Fast forward to today, and the results have…

The UK mid-cap index fell to its lowest level in over eight months on Thursday, dragged down by weak Christmas trading updates from retail stocks and continued pressure from rising bond yields. Tesco, the UK’s largest supermarket chain, declined 1.7% after reaffirming its full-year profit guidance. Marks & Spencer posted…

Oil prices remained largely unchanged on Thursday as investors balanced robust winter fuel demand expectations against growing U.S. fuel inventories and broader macroeconomic concerns. By 1003 GMT, Brent crude futures were trading down 3 cents at $76.13 per barrel, while U.S. West Texas Intermediate (WTI) crude futures slipped 10 cents…

Global Stocks Poised for Gains but Priced for Perfection, Warns Goldman Sachs As 2025 begins, global stock markets enjoy a favorable backdrop, but they now appear “priced for perfection,” according to Goldman Sachs, raising the likelihood of a potential correction. Analysts at Goldman Sachs noted in a January 9 report…

Japan’s inflation-adjusted real wages fell for the fourth consecutive month in November, despite base pay rising at its fastest pace in over three decades, according to government data released on Thursday. The decline highlights the impact of rising prices on consumer purchasing power. The Bank of Japan has emphasized that…

The union representing 45,000 dockworkers across the U.S. East and Gulf Coasts announced on Wednesday that it had reached a tentative six-year contract agreement with employers, averting further strikes that could have disrupted supply chains and impacted the U.S. economy. The International Longshoremen’s Association (ILA) and the United States Maritime…

The US dollar strengthened on Wednesday, benefiting from rising bond yields following the release of robust economic data, while weaker German industrial orders put pressure on the euro. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against six major currencies, was up 0.3%, reaching 108.690. Dollar…

European stocks inched higher on Wednesday, supported by strong performances in the healthcare and financial sectors, with attention on the global monetary policy outlook for the New Year. The pan-European STOXX 600 rose by 0.2% at 0821 GMT, approaching its highest level in three weeks. The financial services sector was…

Oil prices rose on Wednesday as tightening supplies from Russia and OPEC members, coupled with unexpectedly strong U.S. jobs data, signaled expanding economic activity and higher oil demand. Brent crude gained 28 cents, or 0.36%, to $77.33 a barrel by 0415 GMT, while U.S. West Texas Intermediate crude increased by…