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
Dollar drops amid Trump's targeted tariff shift

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
European currencies under pressure amid energy crisis and trade tensions

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
UK manufacturing PMI drops to 47 as economic pressures mount

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
China manufacturing slows as global markets start 2025 on cautious note

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
Gold surges 26% in 2024

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
Turkey delivers 250bps rate cut

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
PCE prices rise less than expected

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
Fed's hawkish cut vs. BoE's dovish stand

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
Gold dips as markets await Fed decision

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
ECB will lower rates further