Gold edged up to $3,330/oz in European trading on Wednesday (July 30th), supported by falling US Treasury yields and a weakening US dollar. The Fed is widely expected to hold interest rates, despite US President Donald Trump's continued calls for a rate cut. The market still expects a potential rate cut in September. Meanwhile, investors await the Federal Reserve's policy statement, which will be released today, for guidance on the direction of future monetary policy. Gold prices at the time of writing were at $3,330/oz. DISCLAIMER Note: This article is analytical only and is...
The S&P 500 stocks fell Tuesday as investors assessed a lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due Wednesday. At 12:53 ET (16:53 GMT), the Dow Jones Industrial Average dropped 327 points, or 0.8%, the S&P 500 index slipped 0.7%, and the NASDAQ Composite fell 190 points, or 0.8%. Trump says China willing to negotiate on trade, but stops shorts of signalling progress President Donald Trump said China wanted to negotiate a trade deal to end the current trade war, but stopped short of signalling urgency to resolve the conflict, saying...
Stocks in the US declined on Tuesday, extending losses from the previous session, with the S&P 500 falling 0.8%, the Nasdaq sinking 1% and the Dow Jones falling about 260 points. Investor sentiment remained subdued amid persistent tariff uncertainty and growing concerns over the impact of trade tensions on corporate earnings. President Trump is scheduled to meet Canadian Prime Minister Carney on Tuesday, while negotiations between the US and several countries continue, though no formal agreements have been reached. Meanwhile, US imports in March soared again in anticipation of new...
The Hang Seng advanced 158 points or 0.7% to end at a one-month peak of 22,663 on Tuesday, marking its fourth straight gain amid signs of easing trade tensions. President Trump said Sunday that the U.S. was engaging with several countries, including China, on trade deals. Locally, Hong Kong's economy grew 3.1% yoy in Q1 2025—the strongest pace in five quarters—driven by strong tourism and robust exports ahead of planned U.S. tariff hikes. A rally in the yuan to a 1-1/2-month high and intervention by the Hong Kong Monetary Authority to support the local dollar also lifted...
European stocks edged higher on Tuesday, with both the STOXX 50 and the STOXX 600 adding 0.1%, as investors focused on corporate earnings while awaiting key catalysts, including the Fed's monetary policy decision due tomorrow. Market participants also kept a close watch on trade tensions, particularly negotiations involving the US and several Asian countries. On the earnings front, Continental shares soared about 4% after the company's sales hit a 4-year high. Also, Vestas gained about 6% after the Danish company swung to profit in Q1 and Hugo Boss jumped almost 7% after a revenue...
Hong Kong shares rose 142 points, or 0.6%, to 22,645 in early trade on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday. Broad sector gains—particularly in financials, property and consumer staples—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city's economy expanded 3.1% year-on-year in the first quarter of 2025, the strongest pace in five quarters, driven by robust tourism and exports ahead of U.S. President Trump's planned tariff hikes. In China, stock markets also resumed activity amid signs Beijing is...