European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are due to take effect. After months of negotiations and back-and-forth diplomacy between Brussels and Washington, D.C., the two sides have zeroed in on a deal last week that will see the EU face 15% tariffs on most of its trade. Limited exceptions are expected to apply to aviation, some medical devices and generic drugs, some alcoholic beverages,...
Gold's price (XAU/USD) has hit a new all-time high on Monday at $2,956, just hours before the Trump administration issued more details on upcoming tariffs. The precious metal trades at around $2,940 at the time of writing on Tuesday, after US President Donald Trump's administration communicated it plans to impose more limitations on China's technological developments. A tougher stance on semiconductor restrictions and pressuring other allies to corner China is part of that strategy. The news creates a negative tone in markets this Tuesday. Traders are fleeing into bonds as a safe haven,...
WTI crude oil futures fell to $70.2 per barrel on Tuesday, remaining near yearly lows due to uncertainty over future demand and a lack of new economic signals from China. Looking ahead, oil prices may remain subdued until mid-March, when China is expected to announce new stimulus policies and a 2025 growth target. Meanwhile, US President Trump confirmed that tariffs on Canadian and Mexican imports will begin on March 4, which could weigh on global oil demand. However, fresh US sanctions on Iran—targeting oil brokers, shipping firms, and Iran's state oil company—raise concerns about tighter...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades almost flat around 106.70 at the time of writing on Tuesday while other asset classes are facing big moves. Investors are piling into safe-haven bonds, with US yields dropping lower. Meanwhile, equities are going down with negative performances in all major indices across Asia and Europe, also including US futures. The rout comes after the US President Donald Trump administration gave more details on its plan to toughen semiconductor restrictions over China. In addition, the...
Gold's price (XAU/USD) hit a new all-time high on Monday at $2,956, though traders were unable to enjoy it for long. The precious metal trades at around $2,940 at the time of writing on Tuesday, while US President Donald Trump's administration plans to impose more limitations on China's technological developments. A tougher stance on semiconductor restrictions and pressuring other allies to corner China is part of that strategy. The news creates a negative tone in markets this Tuesday. Traders are fleeing into bonds as a safe haven, which is pressuring yields for more downside...
Silver prices fell towards $32.2 per ounce, extending their decline from the over three-month high of $33.39 reached on February 14th, amid ongoing uncertainty over demand, driven by concerns about US tariff policy. Investors also awaited key economic data and events due later this week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred inflation measure. Projections indicate a 0.3% month-over-month increase in PCE prices, with annual gains of 2.4% for the headline index and 2.6% for the core index. Additionally, speeches...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical...