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 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…
Feb 20 2025, 14:03 European markets are expected to open higher Thursday as investors monitor earnings reports from a raft of major European companies. The U.K.’s FTSE 100 index is expected to open 10 points higher at 8,696, Germany’s DAX up 49 points at 22,475, France’s CAC up 16 points at 8,118 and Italy’s FTSE…
Feb 19 2025, 06:06 The euro is set to end Tuesday’s session (2/18) with a loss of more than 0.30% against the greenback as the S&P 500 hit a record high during the North American session. At the time of writing, EUR/USD is trading at 1.0445 below its opening price. Risk appetite has improved, but US…
Feb 18 2025, 15:06 The USD/CHF pair extends its recovery to around 0.9030 during the early European session on Tuesday, bolstered by a firmer US Dollar (USD). Investors brace for the release of the NY Empire State Manufacturing Index for February, which will be published later on Tuesday. Also, the Federal Reserve’s (Fed) Mary Daly…
Feb 14 2025, 13:16 U.S. President Donald Trump on Thursday took what could become his most consequential action involving international trade early in his second administration. Trump, who signed a memorandum calling for reciprocal tariffs, told a group of reporters in the Oval Office that “if you build your product in the United States, there…
