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South African business confidence achieved its largest year-on-year growth in nearly two years this November, driven by increased tourist activity, rising precious metal prices, and stronger new vehicle sales, according to data released on Tuesday. The South African Chamber of Commerce and Industry (SACCI) noted that optimism regarding the country’s…

Stellantis (NYSE: STLA) and Chinese battery manufacturer CATL announced plans to invest €4.1 billion ($4.33 billion) in an electric vehicle battery factory in Zaragoza, northern Spain. The joint venture, equally owned by both companies, aims to commence production by late 2026. The plant’s capacity could reach 50 gigawatt-hours, contingent on…

European shares ended an eight-day winning streak on Tuesday, weighed down by losses in mining stocks as optimism from China’s stimulus pledges waned following weak trade data. Attention now turns to U.S. inflation data. The pan-European STOXX 600 index fell 0.2% to 520.02 by 0810 GMT, with the UK’s FTSE…

Oil prices fell on Tuesday as concerns about the impact of Syrian President Bashar al-Assad’s overthrow subsided. However, the market found support in China’s commitment to increase policy stimulus, which could boost demand from the world’s largest crude importer. Brent crude futures dropped 26 cents, or about 0.4%, to $71.88…

Bitcoin declined on Tuesday, continuing its downward trend and leading broader cryptocurrency losses as risk sentiment worsened due to rising geopolitical tensions and uncertainty over U.S. interest rates. The drop was also driven by significant profit-taking after Bitcoin reached new highs above the $100,000 mark last week. Traders were seen…

Gold prices advanced in Asian trade on Tuesday, building on recent gains as escalating geopolitical tensions in Syria and a selloff on Wall Street drove demand for the safe-haven metal. Industrial Metals See Mixed Movement Copper prices stabilized on Tuesday after significant gains driven by promises of additional stimulus from…

Most Asian currencies edged higher on Tuesday, buoyed by optimism over potential stimulus measures from China, while the Australian dollar saw a sharp decline after the Reserve Bank of Australia (RBA) maintained its interest rates and adopted a less hawkish tone. Australian Dollar Weakens Following RBA Decision The Australian dollar…

The Australian dollar fell toward a four-month low on Tuesday after the Reserve Bank of Australia (RBA) softened its stance on monetary policy, fueling expectations of an earlier interest rate cut. The U.S. dollar remained stable against major currencies, edging to its strongest level this month against the yen, as…

The US dollar edged slightly lower on Monday, following last week’s jobs report, which pointed to a potential Federal Reserve rate cut later this month. However, losses were limited due to ongoing uncertainty in the Middle East. As of 04:00 ET (09:00 GMT), the Dollar Index, which measures the greenback…

European stock markets began the week on a positive note, with most major indices showing gains, despite a cautious mood among investors. As of 3:05 ET (8:05 GMT), Germany’s DAX rose by 0.3%, while France’s CAC 40 saw an increase of 0.8%. With no significant corporate earnings or economic data…