Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
EUR/USD started the week on a positive note but pared some of its earlier gains after hitting a four-week high of 1.1420, sponsored by US President Donald Trump's reversal of his decision to impose tariffs on the European Union (EU) on June 1. At the time of writing, the major was trading at 1.1380, up 0.20%. Last week, late on Friday, Trump threatened to impose 50% tariffs on EU goods on June 1, as negotiations with the bloc were not going as expected. This triggered a rally in EUR/USD, which ended at a two-day high of 1.1375. However, a phone call between EU Commission President Ursula...
Oil prices were steady on Monday on news that the eight-nation OPEC+ group, which has pledged voluntary oil output cuts, will now meet on May 31, a day earlier than previously planned. Brent crude settled down four cents at $64.74 a barrel, while U.S. West Texas Intermediate crude was last trading at $61.53 a barrel, unchanged from the previous session. Trading volumes were low due to the U.S. Memorial Day holiday. Three OPEC+ sources told Reuters on Monday of the change in meeting date. The meeting is likely to decide on July output, which sources previously told Reuters would require an...
Gold prices fell more than 0.50% on Monday (5/26) amid lack of demand for haven assets after United States (US) President Donald Trump delayed tariffs on the European Union (EU). Meanwhile, trading remained quiet due to the closure of the UK and US financial markets for a holiday. At the time of writing, XAU/USD was trading at $3,336. The market mood improved after Trump's statement on Sunday, delaying the imposition of tariffs on EU products until July 9. Therefore, Bullion was pressured after last week's gain of more than 4.86%, the most significant increase since the week began on April...
Gold prices fell more than 0.50% on Monday (5/26) amid weak demand for haven assets after US President Donald Trump delayed tariffs on the European Union (EU). Meanwhile, trading remained quiet as the UK and US financial markets were closed for a holiday. At the time of writing, XAU/USD was trading at $3,336. The market mood improved after Trump's remarks on Sunday, delaying the imposition of tariffs on EU products until July 9. Therefore, Bullion was pressured after last week's gain of more than 4.86%, the most significant increase since the week began on April 7. On Friday, XAU/USD...
Oil prices were steady on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hurt fuel demand. Brent crude futures fell 17 cents to $64.61 a barrel by 8:35 a.m. ET while U.S. West Texas Intermediate crude futures fell 18 cents to $61.35 a barrel. Both contracts were trading higher earlier in the session after Trump said he had agreed to extend a deadline for trade talks with the European Union until July 9, marking another temporary suspension of trade policy. Global markets rose...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...