Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low. The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal. Source: Newsmaker.id
European stocks closed near the flatline on Tuesday (25/2), the fourth straight session of flat movement as markets continued to assess the prospect of higher government spending by European governments and the impact of trade barriers imposed by the U.S. The eurozone STOXX 50 closed 0.1% lower at 5,448 and the pan-European STOXX 600 gained 0.2% to 554. German carmakers were among the biggest gainers despite U.S. President Trump's announcement that the U.S. would follow through on earlier tariff threats against Mexico, a major manufacturing hub for European writers. Volkswagen, BMW and...
The S&P 500 hovered around the flatline on Tuesday, while the Nasdaq slipped 0.4% following three consecutive sessions of losses. Meanwhile, the Dow Jones added about 100 points. Investor sentiment remained pressured by geopolitical and trade tensions after President Trump confirmed that tariffs on Mexican and Canadian imports, previously paused for a month, will take effect next week. Additionally, reports surfaced that the US is tightening restrictions on China's chip industry.Tech, communication services, and utilities were the worst-performing sectors, while real estate, materials,...
European equities rose on Tuesday as gains for healthcare and defense stocks offset declines for technology companies. Shares of Unilever Plc fell after the surprise exit of its CEO. The Stoxx Europe 600 Index was up 0.1% at 8:23 a.m. in London. The health-care sector outperformed as Smith & Nephew Plc jumped after earnings beat expectations while shares of tech giant Novo Nordisk A/S also rose. Defense stocks got a boost from news that Germany is discussing a €200 billion ($209 billion) emergency defense fund. Among decliners, concerns over potentially tighter U.S. restrictions on...
The Hang Seng Index plunged 307 points, or 1.3%, to close at 23,034 on Tuesday (25/2), marking its second straight decline. The selloff came as the Trump administration pushed for tighter U.S. chip restrictions and urged key allies to tighten curbs on China's semiconductor industry. The decline also followed a sharp drop in U.S.-listed Chinese stocks overnight, with the Nasdaq Golden Dragon China Index plunging 5.2%, its worst one-day loss since October, amid profit-taking after strong earnings and AI-driven optimism. Investors are cautious ahead of China's official February PMI data due...
European stocks are expected to open in mixed territory Tuesday as a lukewarm mood pervades global markets. The U.K.'s FTSE 100 index is expected to open unchanged at 8,637, Germany's DAX down 29 points at 22,381, France's CAC 2 points lower at 8,084 and Italy's FTSE MIB 27 points higher at 38,542, according to data from IG. Earnings come from Fresenius Medical Care, Smith & Nephew, Heidelberg Materials and Alcon. On the data front, a more complete picture of Germany's fourth-quarter gross domestic product data will be released on Tuesday.European stocks traded in mixed territory at...