Market Minutes
Read snapshots of the latest market news
Dollar drops amid Trump's targeted tariff shift
The dollar dropped after the Washington Post reported that Donald Trump’s aides are exploring tariffs that would apply to every country, but only cover critical imports.
6 Jan 2025, 12:55
European currencies under pressure amid energy crisis and trade tensions
European currencies face mounting headwinds as economic uncertainties deepen. The euro teeters near its lowest level since 2022 against the dollar, while the British pound struggles near a nine-month low. Energy woes and trade tensions compound challenges for the region's fragile economies.
3 Jan 2025, 13:44
UK manufacturing PMI drops to 47 as economic pressures mount
The UK's Manufacturing PMI slipped to 47.0 in December, down from 48.0 in November, marking the third straight month of contraction and the lowest sentiment in two years.
2 Jan 2025, 13:15
China manufacturing slows as global markets start 2025 on cautious note
China’s manufacturing expansion eased in December, setting a cautious tone for global markets as investors weigh geopolitical tensions, U.S. policy shifts, and China’s economic outlook for 2025.
2 Jan 2025, 07:00
Gold surges 26% in 2024
Gold posts a 26% annual gain, its strongest performance since 2010, driven by easing U.S. monetary policy, geopolitical tensions, and record central bank purchases.
31 Dec 2024, 12:30
Turkey delivers 250bps rate cut
US stock futures traded flat in holiday-thinned markets as Asian shares gained. Turkey cut rates sharply, citing moderating inflation, while Russia dismissed a ceasefire in Ukraine but left room for negotiations.
26 Dec 2024, 13:22
PCE prices rise less than expected
The US PCE price index rose below expectations in November, signaling easing inflationary pressures, while UK retail sales posted modest gains but fell short of forecasts. Meanwhile, Japan’s finance minister warns against currency volatility as USD/JPY nears the pivotal 160 level amid surging Treasury yields.
20 Dec 2024, 14:15
Fed's hawkish cut vs. BoE's dovish stand
The BoE signaled dovish, the BoJ held its stance, and the Fed cut rates while signaling caution on future easing.
19 Dec 2024, 13:05
Gold dips as markets await Fed decision
Traders remain cautious ahead of the Federal Reserve policy decision, with limited movement across assets
18 Dec 2024, 05:44
ECB will lower rates further
ECB President Christine Lagarde hints at potential rate cuts as inflation risks ease, while global PMI data shows mixed signals of economic momentum across major economies.
16 Dec 2024, 12:51