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...
The US Dollar Index (DXY), which tracks the US dollar against a basket of six major currencies, traded near the 103.00 region during Tuesday's (09/04) session. Momentum picked up after upbeat labor market data last week helped the index bounce off recent lows. Investors cheered remarks from US Trade Representative (USTR) Jamieson Greer, who told the Senate Finance Committee that the US is engaged in tariff discussions with nearly 50 countries. However, selling pressure resumed after the US confirmed additional tariffs will take effect on April 9 against China. Daily market digest: US...
Oil prices fell more than $1 a barrel on Tuesday, trading at their lowest in four years, as recession fears exacerbated by the trade conflict between the U.S. and China, the world's two largest economies, offset a recovery in stock markets. Brent crude futures were down $1.39, or 2.16%, at $62.82 a barrel. U.S. West Texas Intermediate crude futures were down $1.12, or 1.85%, at $59.58. Brent crude futures fell more than $2 a barrel during the session. The two benchmarks had fallen 14% and 15%, respectively, on Monday following U.S. President Donald Trump's April 2 announcement of...
Gold prices pared early gains to trade barely changed at $2,980 an ounce on Tuesday, as rising Treasury yields reduced the appeal of non-yielding assets such as bullion. Trade war concerns intensified after a White House official confirmed that the U.S. would go ahead with tariffs of up to 104 percent on Chinese imports, set to take effect at midnight. Earlier in the session, markets were buoyed by optimism over potential progress in tariff negotiations. Treasury Secretary Bessent said that more than 70 countries have been in contact with the White House, with some promising trade deals...
Silver (XAG) prices rose near $30.50 during North American trading hours on Tuesday (04/08). The white metal gained as its appeal as a safe haven has increased, with traders increasingly concerned about the outlook for trade relations between the United States (US) and China. Earlier in the day, a spokesperson for China's Ministry of Commerce warned that US President Donald Trump's threat of new tariffs was a "mistake on top of a mistake" and that China would "fight to the end" to protect its interests. The statement from Beijing came after Trump threatened to increase tariffs on China to...
Gold prices rose back above $3,000 per ounce on Tuesday as a weaker U.S. dollar and escalating trade tensions between the world's two largest economies lifted demand for the safe-haven asset. Spot gold was up 0.8% at $3,007.21 an ounce by 08:44 a.m. ET (1244 GMT), moving away from a more than three-week low touched on Monday in a pullback from last week's record high of $3,167.57. U.S. gold futures gained 1.6% to $3,021.90. "Despite falling for three consecutive sessions, gold remains bullish with trade tensions and the prospect of lower U.S. interest rates boosting its allure," said...
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...