Markets
Gold reaches a new milestone as global trade war escalates
Gold prices reached a new high, while equity markets and crude oil continued to decline on Thursday amid an escalating global trade war. Risk-off sentiment prevailed in the financial markets due to economic and political uncertainties, shifting funds away from riskier assets.
Markets
European stocks rally following US and UK inflation data
European stock markets experienced a strong rally following cooling inflation data from the UK and the US on Wednesday. However, the weakness in the euro and the pound sterling may persist due to the ongoing economic and political uncertainties.
Markets
Euro rebounds ahead of crucial US inflation data and tariff hopes
The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December.
Markets
Trump's red wave drives the euro down: How low could it go?
The euro fell to 1.05 against the dollar on Thursday, hitting a fresh 13-month low as President-elect Donald Trump's trade policies and tax cuts are expected to strengthen the greenback. Analysts warn of further euro weakness, potentially falling even below parity.