DOW FUTURES DROP 500 POINTS AFTER TRUMP IMPOSES TARIFFS ON CANADA, MEXICO, AND CHINA U.S. stock futures plunged on Sunday night, marking a rough start to the new trading month. Investors reacted to new U.S. tariffs on goods from Canada, Mexico, and China. Dow Jones Industrial Average fell
TRUMP TARIFFS TRIGGER MARKET TURMOIL AND IMPACT ON AUD/USD, CRYPTO, AND GLOBAL MARKETS AUD/USD dipped below 0.61 amid Trump’s tariff trade war with China, Canada, and Mexico. The tariff escalation caused a rout in "risk" assets, including cryptocurrencies like Ethereum. The USD index surged
GOLDMAN SACHS OUTLOOK: DOWNSIDE RISKS FOR OIL PRICES AND MEDIUM-TERM TARIFFS UNCERTAINTY Goldman Sachs sees medium-term risks to oil prices skewed to the downside. Persistent tariffs could hurt global GDP and oil demand, weighing on prices. The potential decline in U.S. natural gas imports from Canada due to tariffs
WHITE HOUSE DENIES DELAY IN TARIFFS ON CANADA AND MEXICO White House press secretary Caroline Leavitt refuted claims of a tariff delay on Canada. A Reuters report suggested tariffs on Canada would be delayed until March 1, but this was denied. The official deadline for imposing tariffs on Canada and
AUSTRALIAN DOLLAR UNDER PRESSURE DUE TO TRUMP TARIFFS AND CHINA'S PMI DATA Australian Dollar (AUD) declined amid U.S. President Trump’s tariff announcements. U.S. set 25% tariffs on Canadian and Mexican goods, and 10% tariffs on China. China's Caixin Manufacturing PMI fell to 50.
GOLD SURGES PAST $2,800 AMID TARIFF THREATS AND ECONOMIC UNCERTAINTY Gold prices surpassed $2,800 for the first time ever on Friday. The surge was driven by rising concerns about global economic growth. U.S. President Donald Trump's tariff threats sparked a rush to safety. The tariff
Gold prices stayed the same on Thursday morning in Asia. The U.S. Federal Reserve decided not to change interest rates. There is still no clear idea about future U.S. interest rate changes.
TRUMP CONFIRMS 25% TARIFFS ON MEXICO, CANADA US President Donald Trump announced 25% tariffs on US imports from Mexico and Canada. The tariffs are set to take effect on February 1. Trump will decide on the tariffs for oil imports from Mexico and Canada later today.
Shell, a big oil company, made less profit in 2024 because crude oil prices were lower. Its profit for the whole year was $23.72 billion, down from $28.25 billion in 2023. Experts thought Shell would make $24.71 billion, but it made less than expected. In the last
WTI HOLDS ABOVE $72.50 AMID TARIFF CONCERNS WTI price trades around $72.85 in early Asian session on Friday. US President Trump threatens to impose 25% tariffs on Canadian and Mexican goods, potentially affecting oil imports. The tariff decision is set to take effect on Saturday, but oil imports
H&M made more profit than expected for the whole year. It earned 17.3 billion Swedish krona ($1.57 billion) in 2024, slightly above the 17.2 billion forecast. However, sales in the fourth quarter were lower than expected. Fourth-quarter profit was 4.6 billion Swedish krona, higher
Inflation in Spain increased in January. It reached 3%, up from 2.8% in December. This is the highest level in 7 months. Experts expected 2.9%, but the actual increase was higher. The data was released by Spain’s National Institute of Statistics.