Investors cheered President Trump’s tariff reductions and deals with trading partners China and the UK, but Wall Street points out that the tariff rates are still relatively high. “The US effective tariff rate remains significantly higher than it was at the start of the year,” Solita Marcelli, chief investment officer Americas for UBS Global Wealth
Rising US trade tensions caused silver to drop, but tariff delays are now boosting its recovery. The US dollar’s weakness, linked to inflation data and interest rate expectations, supports silver’s rise. As the gold/silver ratio peaks, silver targets $34 and $35.50 per ounce, driven by growing demand. Looking for actionable trade ideas to navigate the
Tariff-related concerns have sent stocks reeling over the past month, with the S&P 500 (^GSPC) down about 5% year to date as of Thursday morning. Investors may want to remember that while policy shifts are unsettling, pullbacks of 5% to 10% in the benchmark index are not uncommon. “On average, the index experiences three drawdowns
The pound has surged to a four-month high against the dollar, trading above $1.29, as investors assess the implications of US president Donald Trump’s tariff policies. CCY – Delayed Quote • USD As of 9:40:04 GMT. Market open. On Wednesday, Trump threatened to impose retaliatory tariffs on the European Union (EU), following a warning from
On Wednesday, British shares rebounded following a selloff triggered by Kyiv’s readiness to accept a 30-day ceasefire proposal with Russia, offering hope amid geopolitical tensions. The FTSE 100 index rose by 0.6% at 1127 GMT, recovering from its worst session in nearly two months the previous day. The U.S. decision to resume military support
US stocks were largely lower on Wednesday as investors digested a hotter-than-expected January inflation reading. The Dow Jones Industrial Average (^DJI) dropped more than 0.4%, while the benchmark S&P 500 (^GSPC) slipped 0.2%. The tech-heavy Nasdaq Composite (^IXIC) was just above the flatline. The Consumer Price Index (CPI) out Wednesday showed headline consumer inflation rose
(Bloomberg) — Stocks in Asia rallied on bets that the upcoming US consumer price report will allow the Federal Reserve to start easing in September. The New Zealand dollar slumped following a surprise rate cut by the country’s central bank. Most Read from Bloomberg The MSCI Asia Pacific Index climbed for a fourth session, with
By Kavya Balaraman and Anjana Anil (Reuters) – Gold prices gained on Wednesday, as investors awaited a key U.S. inflation data later this week, which could provide more clues on the Federal Reserve’s policy path. Spot gold was up 0.5% at $2,189.89 per ounce as of 1:50 p.m. EDT (1750 GMT). U.S. gold futures settled