Copper prices rose to a record high as the United States and China are on the verge of reaching a comprehensive deal to ease trade tensions and alleviate a major risk to global economic growth. The global benchmark price on the London Metal Exchange rose by 0.9% to $11,065.50 per ton, just $50 short of […]
As optimism about further appreciation of the renminbi has risen, Chinese banks helped their clients sell off foreign currencies at the fastest pace since 2020 last month. According to official data released on Wednesday evening, in September, lending institutions net sold $51.8 billion of foreign exchange on behalf of their clients, marking the largest monthly […]
Asian stock markets fell and gold prices dropped. They opened at a record high this week but declined due to concerns over corporate earnings and trade tensions. The MSCI Asia ex-Japan equity index hit a record high on Monday along with gold prices, but then fell back by about 0.6%. This reflected the decline in […]
Gold and silver prices continued their sharp decline from record highs, while Asian stocks fell after the Wall Street rally showed signs of fatigue. Gold prices dropped by as much as 2.9% before trimming losses, posting their biggest intraday decline in more than a decade on Tuesday. Silver prices also fell, after dropping 7.1% in […]
A new study released by Morgan Stanley shows that investors hoping to profit from a “Goldilocks” environment of rising US stocks but limited losses in the Treasury market should short the US dollar. This scenario for US assets is one of eight scenarios analyzed by the bank when conducting a historical review of the correlation […]
The central bank of Italy, the eurozone’s third-largest economy, has cut its growth forecast for next year due to pressure on exports from global trade tensions. According to the latest forecast released by the Bank of Italy on Friday, the country’s gross domestic product (GDP) is expected to grow by only 0.6% next year, down […]
Olli Rehn, a member of the European Central Bank’s governing council, said that the inflation outlook for the eurozone faces two-way risks and stressed that he and his colleagues have retained full flexibility on interest rates. Finnish officials told Bloomberg Television on Thursday that, in the medium term, faster economic growth could push up consumer […]
According to Japanese media citing a group interview, US Treasury Secretary Scott Bessent said that if the Bank of Japan continues to implement the correct monetary policy, the yen will stabilize at an appropriate level. According to Kyodo News and Nikkei, Bessenet refused to comment on the yen’s exchange rate. This month, the yen has […]
As Trump continues to threaten a 100% tariff increase on China in his tweets, the rebound of the US dollar index has encountered a relatively obvious resistance around 99.50. Powell’s remarks overnight, indicating support for two more rate cuts this year and hinting at a possible halt to balance sheet reduction in the future, have […]
The US dollar rose on Monday as currency traders, disregarding US President Donald Trump’s recent threat of imposing high tariffs on China, turned their attention to the progress of a possible trade deal between the world’s two largest economies. Trump’s unexpected threat on Friday to “significantly raise” tariffs on Chinese goods dealt a heavy blow […]