Gold prices fell to a three-week low in Asian trading on Monday, as investors liquidated positions to cover losses in other markets amid intensifying global trade tensions and mounting fears of a global recession. As of 02:12 ET (06:12 GMT), Spot Gold slipped 0.5% t...
Barclays (LON:BARC) has cut its year-end target for the Stoxx Europe 600 (SXXP) index to 490, down from its previous forecast, citing rising recession risks and deepening global policy uncertainty tied to a reset in the global order under the Trump administration, i...
Following last week’s unprecedented two-day bloodbath in stocks post-tariffs, investors are extremely nervous going into Monday’s opening of trading. Some see signs of a 1987 Black Monday type event, while others see the easy trade as higher on hopes that President ...
Global markets tumbled after U.S. president Donald Trump unveiled a sweeping tariff package, declaring it “America’s economic liberation day” in a White House Rose Garden address. The announcement triggered a broad sell-off in equities and heightened investo...
ExchangeRates.org.uk – There was no move by Fed Chair Powell to signal an early cut interest rates and equities remained under pressure into the European close.The slide in risk appetite undermined Sterling as with the Pound to Dollar (GBP/USD) exchange rate d...
Barclays (LON:BARC) economist Jonathan Millar said the U.S. administration’s sweeping new tariffs, announced on “Liberation Day,” have delivered an unexpectedly strong stagflationary shock, raising risks of both higher inflation and recession later this year. Accord...
BP Plc (LON:BP) has begun the search for a new chair after Helge Lund announced on Friday his decision to step down, with the transition expected to take place in 2026. The company said in a statement that the selection process is underway, led by senior independent...
PoundSterlingLIVE – Image © Adobe (NASDAQ:ADBE) Images The Pound to Dollar exchange rate has scope to rise further to 1.3250 in the days ahead and GBP/EUR might be likely to return toward 1.20, according to a trader at JPMorgan (NYSE:JPM), who’s recently unwou...
Goldman Sachs (NYSE:GS) trimmed its oil price projections amid increased tariff escalations and a higher supply from OPEC+ countries. The Wall Street bank now expects Brent and WTI oil prices to average $69 and $66 per barrel, respectively, in 2025. For 2026,...
ExchangeRates.org.uk – At the time of writing, GBP/USD traded at $1.3148, it’s highest level since October 2024 and a 1.3% increase from Wednesday.The US Dollar (USD) plummeted on Wednesday evening and into Thursday’s session as markets reacted to US President...
