Silver prices weakened slightly and are now hovering around US$39–39.40 per ounce, still near their highest levels since 2011. Strengthening bond yields and the US dollar have somewhat curbed the upward trend, but the white metal still posted a year-over-year surge of more than 36%—leading gold's rise of around 31%. The global silver market has recorded a deficit for five consecutive years, and by 2025, a shortfall of approximately 149 million ounces is expected. Mine production has increased slightly, but not enough to offset surging demand. Despite pressure from a strengthening US dollar...
European stocks closed mostly lower on Friday (July 25th) as markets continued to monitor the latest corporate earnings reports while awaiting the latest developments in trade relations between the European Union and the US. The STOXX 50 edged higher to 5,360, and the STOXX 600 fell 0.3% to 550, weighed down by the heavier industrial and healthcare sectors. Schneider Electric and Airbus each fell more than 1% ahead of their earnings reports next week, creating negative conditions for industrial giants. Additionally, ASML and Nokia each fell around 1.5%, with Nokia continuing to weaken after...
US stocks were flat to higher on Friday, following record-high closes for both the S&P 500 and the Nasdaq the previous day. The three major averages are on track to end the week over 1% higher. Market sentiment remained cautiously optimistic amid hopes that new trade agreements—particularly with the EU—could be finalized before the August 1st deadline, potentially easing tariff rates. Adding to investor relief, President Trump appeared to soften his tone toward Federal Reserve Chair Jerome Powell, helping to ease concerns about the Fed's independence. Health and materials were the top...
The Hang Seng Index fell 1.1% at 25,388.35 in Hong Kong. The move was the biggest since falling 2% on June 19 and follows the previous session's increase of 0.5%. Alibaba Group Holding Ltd. contributed the most to the index decline, decreasing 1.9%. Kuaishou Technology had the largest drop, falling 4.9%. Today, 63 of 85 shares fell, while 20 rose; all sectors were lower, led by commerce and industry stocks. Source : Bloomberg
European markets have just opened for the week's final session, and regional shares are broadly moving lower. The pan-European Stoxx 600 was last seen trading 0.5% lower, with all sectors and major bourses in negative territory. The tariffs-sensitive autos sector is leading losses after industry giant Volkswagen cut its guidance, warning U.S. tariffs were eating into profits. Source: CNBC