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 Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries that US President Donald Trump's trade tariffs could further complicate the Bank of Japan's (BoJ) path to normalising monetary policy. Adding to this, signs of stability in the global risk sentiment turn out to be another factor that undermines the JPY's safe-haven status and assists the USD/JPY pair to hold steady above the 146.00 round figure. Meanwhile, concerns about the economic impact of Trump's tariffs and geopolitical risks stemming from fresh conflicts in the Middle East...
Gold price (XAU/USD) sticks to modest intraday losses through the early European session on Tuesday, though it lacks follow-through selling amid a combination of diverging forces. Investors now seem convinced that the Federal Reserve (Fed) will keep interest rates steady amid expectations that US President Donald Trump's tariffs would underpin US inflation. This, in turn, is seen as a key factor acting as a headwind for the non-yielding yellow metal. However, worries about the potential economic fallout from Trump's trade tariffs and US fiscal concerns fail to assist the US Dollar (USD) in...
Oil slipped for the third time in four days as investors focused on the fallout from a wave of US trade levies and a decision by OPEC+ to restore more of the group's idled capacity. Brent dipped toward $69 a barrel and West Texas Intermediate was below $68. President Donald Trump threatened new tariff rates on trading partners, while suggesting that he was still open to negotiations. The duties on countries including Japan and South Korea won't take effect until at least Aug. 1. President Donald Trump unveiled the first in a wave of promised letters that threaten to impose...
The US Dollar Index (DXY) weakened and moved below the 97.50 level in Asian trading on Tuesday (9/7), after recording a surge of more than 1% in the previous session. The DXY had strengthened due to a surge in risk aversion following the announcement of new tariffs from the White House, but weakened again as markets began to consider the potential for a Federal Reserve interest rate cut amid increasing US fiscal pressures. What caused it? President Donald Trump signed an executive order on Monday night that delayed the implementation of new tariffs until August 1, giving trading partner...
Oil prices fell in Asian trade on Tuesday as investors assessed the impact of President Donald Trump's tariff hikes on major trading partners, while lingering concerns about a supply glut from rising OPEC+ output added further pressure. At 9:40 p.m. ET (01:40 GMT), Brent crude futures expiring in September were down 0.7% at $69.11 a barrel, while West Texas Intermediate (WTI) crude futures were also down 0.7% at $67.46 a barrel. Both contracts rose more than 1% on Monday despite expectations of increased supply, as traders assessed the overall state of the market, which appeared tight....
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...