The Nikkei 225 Index climbed 0.5% to above 42,800, while the broader Topix Index advanced 0.75% to 3,080 on Friday, rebounding from the prior session's losses as stronger-than-expected GDP data lifted sentiment. Japan's economy expanded 0.3% in the second quarter, accelerating from a 0.1% growth in Q1 which was also the consensus forecast. The upside surprise driven mainly by net exports, which added 0.3 percentage points to growth despite headwinds from US tariffs. Globally, a hotter-than-expected US producer price inflation reading tempered bets on a supersized half-point Federal Reserve...
Gold fell as investors analyzed President Donald Trump's decision to delay the start of increased tariffs on some trading partners, while insisting that the new deadline is final. The precious metal fell as much as 1.5%, with investors awaiting more details on the president's approach to negotiations, following this week's move to delay the imposition of all tariffs from April 2 to August 1, effectively giving each affected country an extra three weeks to reach a deal. "Tariffs will start being paid on august 1, 2025. There has been no change to this date, and there will be none," Trump...
The US dollar strengthened again on Tuesday (08/07) after falling earlier in the day, as market sentiment stabilized following US President Donald Trump's executive order extending the tariff deadline to August 1 from July 9. US President Trump posted a trade warning letter on his social media platform, Truth Social, on Monday night, addressed to 14 countries, including Japan and South Korea. The letter warned of the possibility of new "reciprocal" tariffs taking effect on August 1. The news had boosted demand for the US dollar as investors turned to safe-haven assets. However, with the...
Sterling falls to a two-week low against the dollar as the U.S. currency recovers and U.K. fiscal concerns mount. The dollar rises on hopes for trade deals as the President Trump confirmed a three-week extension to the deadline for trade negotiations until August 1. In the U.K., the Labour government recently made major concessions to its welfare reforms following a backlash from party MPs. Efforts to rein in special educational needs spending face a similar fate, Monex Europe analysts say in a note. That sets up another political fight in the coming weeks that could weigh further on...
Oil prices steadied Tuesday as investors assessed the impact of President Donald Trump's tariff hikes on key trade partners as well as lingering oversupply concerns from rising OPEC+ output. At 08:35 ET (12:35 GMT), Brent Oil Futures expiring in September rose 0.1% to $69.66 per barrel, while West Texas Intermediate (WTI) crude futures dropped 0.1% to $67.90 per barrel. Trump starts sending tariff letters; S. Korea, Japan face 25% levyU.S. President Donald Trump on Monday escalated his global trade campaign by notifying 14 countries that sharply higher tariffs will take effect on August 1....
Gold (XAU/USD) remains in a well-defined range between $3,320 and $3,350 at the time of writing on Tuesday, amid a looming tariff deadline and potential trade deals. US President Donald Trump's consistent tariff threats have temporarily muted demand for the yellow metal while supporting the demand for the Greenback. The president has announced new tariffs on countries, with Japan at 25% and South Korea at 30% standing out. He has also given a new deadline, August 1, instead of July 9. The yellow metal is down 0.43% intraday, and the lack of conviction reflects ongoing indecision amid...