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The Bank of England lowered interest rates on Thursday in an effort to stimulate Britain’s sluggish economy, despite persistent inflationary pressures. The BOE reduced its benchmark Bank Rate by 25 basis points to 4.5% from 4.75%, marking only the third rate cut since the early days of the COVID-19 pandemic…

Oil and gas traders are expected to request tariff exemptions from Beijing on U.S. crude and liquefied natural gas (LNG) imports, which are set to face new Chinese government tariffs starting February 10, trade sources said on Thursday. China’s Finance Ministry announced on Tuesday that it would impose tariffs of…

Gold Prices Hold Near Record Highs Amid Trade War Concerns Gold prices remained steady in Asian trading on Thursday, hovering close to record levels as ongoing fears of a U.S.-China trade war sustained strong safe-haven demand for bullion. A weaker dollar supported gold’s gains, while recent remarks from U.S. President…

European stock markets climbed on Thursday as investors awaited the Bank of England’s interest rate decision while assessing a wave of quarterly earnings reports. As of 03:05 ET (08:05 GMT), Germany’s DAX index rose 0.8%, France’s CAC 40 edged up 0.3%, and the UK’s FTSE 100 gained 0.7%. Bank of…

Bitcoin Holds Steady Amid US-China Trade Tensions; MicroStrategy Reports Fourth Consecutive Loss Bitcoin remained relatively stable on Friday as market sentiment remained cautious due to escalating U.S.-China trade tensions. Meanwhile, MicroStrategy, the largest corporate Bitcoin holder, reported its fourth consecutive quarterly loss. As of 00:35 ET (05:35 GMT), Bitcoin was…

A heavily crowded strong U.S. dollar trade is set to become even more congested in the coming months, with nearly one-third of currency strategists surveyed by Reuters now predicting the euro will fall to parity with the dollar or below—up from just one-fifth in the previous month. The greenback has…

Bitcoin Declines Below $100K Amid Rising US-China Trade Tensions Bitcoin extended its losses on Wednesday, failing to sustain gains above the crucial $100,000 level as escalating U.S.-China trade tensions kept investor sentiment on edge. As of 1:45 ET (06:55 GMT), Bitcoin was down 1.8%, trading at $97,601.8. Bitcoin Struggles Amid…

European Stocks Trade in Tight Ranges as Investors Assess Earnings and Economic Data European stock markets moved within narrow ranges on Wednesday as investors analyzed fresh quarterly earnings reports and regional economic data. As of 06:20 ET (11:20 GMT), Germany’s DAX index edged down 0.1%, France’s CAC 40 slipped 0.2%,…

U.S. stock futures fluctuated, the dollar strengthened, and Hong Kong shares retreated from two-month highs on Tuesday as escalating U.S.-China trade tensions unsettled financial markets. “The trade war narrative remains very much alive, with further developments expected,” said Shane Oliver, chief economist at AMP in Sydney, as markets reacted sharply…

Gold prices edged higher in Asian trade on Tuesday, staying close to recent highs as safe-haven demand remained strong amid renewed fears of a U.S.-China trade war. The metal saw gains in overnight trading, supported by a weaker dollar after U.S. President Donald Trump agreed to delay the implementation of…