Mar 7 2025, 14:34 The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, continues its losing streak for the fifth consecutive day, pressured by declining US Treasury yields. Market expectations of more aggressive Federal Reserve (Fed) rate cuts amid concerns over US economic growth are contributing to the weakness….
Feb 21 2025, 04:08 US stocks slumped on Thursday after Walmart’s disappointing outlook raised concerns about economic growth. The S&P 500 and Nasdaq 100 retreated from record highs, down 0.4% and 0.5%, respectively, while the Dow Jones Industrial Average dropped 450 points, weighing on Walmart’s shares. Despite beating earnings expectations, Walmart’s cautious fiscal 2026 guidance…
Feb 21 2025, 03:57 Oil prices closed higher on Thursday, marking a third straight day of gains, after data showed a decline in U.S. gasoline and distillate draws, while concerns about supply disruptions in Russia also supported prices. Brent crude futures settled up 44 cents, or 0.58%, at $76.48 a barrel. U.S. West Texas Intermediate…
Feb 21 2025, 04:04 Gold prices pared some gains on Thursday after hitting another record high, but remained supported by a weaker dollar on concerns about the economy and U.S. tariffs. Spot gold rose 0.1% to $2,937.13 an ounce, but had hit a record high of $2,954.89 an ounce earlier in the session. Gold futures…
Feb 21 2025, 04:32 The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, extended its decline on Thursday, sliding near 106.30. The decline followed US President Donald Trump’s announcement of potential progress on a trade deal with China, which offered markets a temporary reprieve from tariff…
Feb 20 2025, 14:25 (Hong Kong) Morgan Stanley strategists have shifted their stance on Chinese equities, moving from long-standing scepticism to cautious optimism. This notable pivot aligns with Wall Street peers, as expectations grow for a sustainable rally driven by advancements in artificial intelligence and regulatory reforms. The firm’s strategists, led by Laura Wang, now…
