The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision and as the US publishes its nonfarm payrolls (NFP) data on Friday. It was trading at 1.1371 on Monday, 1.6% below the highest point this year.ECB decision and…
China’s manufacturing PMI improved somewhat in May due to the resumption and frontloading of shipments to the US amid the 90-day tariff truce which will end in mid-August, Commerzbank AG said. May saw an increase in the official manufacturing PMI to 49.5, up from April’s reading of 49.0, official data showed.In…
Europe’s relationship with the US is shattering. Under Donald Trump’s second term, trade friction has returned, and digital dominance by US companies is now under strain. And this time it’s serious.European institutions and voters are responding not just with frustration, but with action. A growing wave of regulation, open-source investment, digital…
Shares of South Korean and Vietnamese steel producers, key Asian exporters to the US, fell on Monday following President Donald Trump’s announcement that he would double tariffs on imported steel and aluminum to 50%.Trump declared the new steel and aluminum tariffs on Friday, set to begin on June 4. This action…
Oil prices jumped more than 3% on Monday as OPEC+ agreed to raise production by the same amount in July as in the previous two months. The Organization of the Petroleum Exporting Countries and allies agreed to another large supply hike over the weekend, increasing it by 411,000 barrels a day…
India’s leading car manufacturer, Maruti Suzuki, stated on Monday that the recent export restrictions imposed by China on rare earth magnets, a crucial component in their vehicles, have not yet caused any immediate disruption to their production. The company also mentioned that they are currently engaging in discussions with the government…
The EUR/USD exchange rate will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision and as the US publishes its nonfarm payrolls (NFP) data on Friday. It was trading at 1.1371 on Monday, 1.6% below the highest point this year.ECB decision and…
Shaun Maguire, partner at Sequoia Capital, has expressed resounding confidence in SpaceX, calling it a once-in-a-generation company that is pushing the boundaries of what’s possible in aerospace.In a recent conversation with CNBC, Maguire reflected on Sequoia’s high-conviction investment in Elon Musk’s space venture and emphasized its transformative impact on the…
Wedbush analyst Dan Ives believes the AI boom will charge ahead at full throttle in the back half of 2025.Trump tariffs and their potential impact on the global economy have sparked concerns of a potential artificial intelligence slowdown in recent months.However, Ives remains convinced that tariffs will fail at stopping…
Bitcoin (BTC) maintained its position above the $105,000 mark as the Asian business week commenced, demonstrating relative stability over the weekend with minimal price movement and compressed trading volumes. While the broader market sentiment remains bullish, a new report from on-chain analytics firm CryptoQuant suggests certain metrics are indicating the…