Gold prices are still hovering around $4,000 per ounce after a sharp drop of more than 3%. Selling pressure is emerging as US-China relations begin to thaw. Negotiators from Washington and Beijing say they have reached agreement on several major issues, such as tariffs and export controls. If trade tensions ease, the market perceives global…
Japanese stocks fell slightly after setting a new record the previous day, as investors began to take profits. The Nikkei 225 weakened around 0.3% to 50,383, while the Topix fell 0.5% to 3,308, dragged down by electronics and service sector stocks. After the euphoria surrounding the Nikkei breaking through 50,000 for the first time, market…
US President Donald Trump will meet with Japan’s new Prime Minister, Sanae Takaichi, in Tokyo. His focus will be on two things: trade and security. Takaichi—who has only been prime minister for a week and is also the first woman to lead Japan—wants to show Trump that Japan remains a key ally in Asia. She…
The pound sterling (GBP) exchange rate against the US dollar (USD) has continued to weaken for the fifth consecutive day and is now trading around 1.3340 in the Asian session on Thursday (October 23rd) morning. Pressure on the pound increased due to the strengthening of the US dollar amid growing market concerns ahead of the…
EU leaders met in Brussels to discuss new sanctions against Russia and plans to use frozen Russian assets in Europe to fund Ukraine’s war effort and economic recovery over the next two years. Ukrainian President Volodymyr Zelenskyy also participated in the meeting, urging an immediate ceasefire after nearly four years of war. The meeting came…
Oil prices rose around 2.5% after the US imposed sanctions on Rosneft and Lukoil related to the Ukraine war. Brent was at $64.15 (+$1.56) and WTI at $60.03 (+$1.53) at 03:03 GMT. The rise was also aided by data showing a surprising drop in US inventories. Key point: the market immediately reacted to supply risks….
