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European stocks edged lower at the close of a holiday-shortened week as traders focused on economic data for signals on interest rate trends and potential policy shifts under Donald Trump’s upcoming presidency. The pan-European STOXX 600 index slipped 0.1% by 0815 GMT but remained on track for a 0.7% weekly

The US dollar pulled back on Friday, but remained poised for a strong weekly performance, supported by expectations of US economic strength and fewer Federal Reserve rate cuts this year. At 04:20 ET (09:20 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, was

Bitcoin climbed on Friday, continuing its recovery from a sharp price drop over the New Year holiday as traders sought clarity on U.S. regulatory policies under incoming President Donald Trump. Tether (USDT) remained a focal point this week, suffering its steepest market capitalization decline since the 2022 FTX collapse. This

The dollar was poised for its strongest weekly performance in over a month on Friday, supported by reduced expectations for Federal Reserve rate cuts this year and a belief that the U.S. economy will continue to outperform its global peers. The greenback kicked off the new year with momentum, reaching

China plans to significantly boost funding through ultra-long treasury bonds in 2025 to drive business investment and consumer-focused initiatives, a National Development and Reform Commission (NDRC) official announced on Friday. The move is part of Beijing’s intensified fiscal stimulus to rejuvenate its slowing economy. Special treasury bonds will fund initiatives

U.S. President Joe Biden has decided to block Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, effectively ending a contentious merger plan, according to a report by the Washington Post. The Committee on Foreign Investment in the United States (CFIUS) had referred the decision to Biden, whose term ends

Gold prices ticked up in Asian trading on Friday, poised for a weekly gain as a slight dip in the dollar provided support. However, the dollar remained near its two-year peak, keeping pressure on bullion. Spot gold rose 0.2% to $2,662.94 per ounce, while February gold futures climbed 0.3% to

Bitcoin stabilized on Thursday after a sharp decline in the final week of 2024, as traders expressed concerns about the regulatory future of cryptocurrencies under incoming President Donald Trump. Market sentiment was also dampened by losses on Wall Street, with traders reacting to the likelihood of slower rate cuts in

Gold Prices Edge Higher in Asian Trade, Supported by a Weaker Dollar Gold prices posted modest gains in Asian trading on Thursday, building on their strong performance in 2024 as a softer U.S. dollar lent support. However, caution prevailed among traders due to the Federal Reserve’s forecast of limited interest

Asian currencies traded in a narrow, flat-to-lower range on Thursday, as expectations of a slower pace of U.S. interest rate cuts in 2025 dampened appetite for regional markets. The Chinese yuan was among the weakest performers, weighed down by purchasing managers index (PMI) data that indicated diminishing effects of recent