The escalation of the Middle East conflict has shaken the market, causing a decline in the stock market and a rise in crude oil prices, which has prompted investors to reduce their exposure to risks. Asian stocks fell by 1.3%, while U.S. stock futures dropped by 0.6%, narrowing their earlier losses. This came after U.S. […]
Gold prices climbed to around $5,200 per ounce as the global market remained tense due to the US reinforcement of troops in the Middle East. The price has risen by nearly 6% over the past six trading days. Washington imposed sanctions on more than 30 entities that support Iran’s oil and arms sales, increasing pressure […]
The yen continued to fall on Tuesday after local media reported that Japanese Prime Minister Sanae Takaichi expressed concerns about further interest rate hikes when she met with Bank of Japan Governor Kikuo Iwata last week. The yen fell as much as 1.1% against the dollar to 156.28, underperforming all other Group of 10 currencies. […]
Morgan Stanley strategists said that due to the uncertainty of US policies, the market is increasingly confident in the safe-haven status of the Swiss franc, and the exchange rate of the Swiss franc against the US dollar may soar by 17%. In a report, strategists led by David Adams wrote that Switzerland’s low inflation, fiscal […]
The yen is set to record its biggest weekly gain since November 2024 as the market believes that Prime Minister Kishida Fumio’s victory will enable her to expand fiscal stimulus while maintaining confidence in the financial markets. The yen has strengthened against the US dollar for four consecutive trading days, rising by about 2.8% so […]
The U.S. non-farm payrolls report for January, released on Wednesday, showed that non-farm payrolls rose by 130,000, about twice the median forecast of economists surveyed by Bloomberg. The unemployment rate unexpectedly dropped from 4.4% to 4.3%. Fed officials had already pointed out at last month’s policy meeting that signs of economic stabilization were a reason […]
Tensions in the Middle East surrounding OPEC member Iran have supported the risk premium of oil prices, causing them to rise for two consecutive days. Brent crude was slightly below $69 a barrel after rising more than 2% in the previous two trading days, while West Texas Intermediate was close to $64 a barrel. The […]
The European Central Bank will assess the impact of the recent appreciation of the euro on consumer price growth in its quarterly forecast to be released in March, but Executive Board member Piero Cipollone told the Cyprus News Agency that the recent move was rather limited. According to a record released on the website of […]
The yen is set to post its biggest weekly decline since October last year as traders expect the Liberal Democratic Party led by Prime Minister Sanae Takaichi to secure a decisive victory in the election this weekend. The Japanese yen has weakened for four consecutive trading days and approached the 157 yen to the dollar […]
Oil prices rose for a second consecutive day as geopolitical tensions flared up again after the US shot down an Iranian drone near a US aircraft carrier in the Arabian Sea. Brent crude oil prices rose to around $68 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate crude oil prices were close […]