US consumers faced renewed inflationary pressure in March as rising oil prices linked to the Iran conflict pushed costs higher, complicating the policy path for the Federal Reserve.Data released by the US Commerce Department on Thursday showed that the personal consumption expenditures price index, the Fed’s preferred inflation gauge, rose…
Senior officials from the United States and China held what Beijing described as “candid, in-depth and constructive” discussions on trade and economic issues. Both sides seek to stabilise relations ahead of a planned leaders’ summit next month.According to Chinese state broadcaster CCTV, He Lifeng spoke via video call with US…
April proved to be an extraordinary month for stock market gains. But not everywhere. After a storming bounce-back following the selloff in March triggered by the US/Iran war, European and UK stock indices soon lost upside momentum. Despite the indefinite ceasefire, investors rowed back as the Strait of Hormuz remained…
US inflation accelerated sharply in March as rising oil prices linked to the Iran conflict pushed costs higher. Brent crude surged to near four-year highs before retreating amid escalating geopolitical tensions. Bitcoin hovered near key support around $75,000 as investor positioning tightened. Meanwhile, Meta Platforms shares fell despite strong earnings,…
On Thursday, USD/JPY crashed over 500 pips in a matter of hours. Japan’s Ministry of Finance confirmed it had bought yen and sold dollars — its first such operation since 2024. The yen carry trade is one of the most consequential yet least discussed forces inside the US stock market.…
British house prices unexpectedly increased in April, even as consumer confidence weakened amid rising geopolitical tensions, according to a report by Nationwide Building Society .House prices rose 0.4% month-on-month in April, reversing expectations of a decline. On an annual basis, prices were 3.0% higher. This came despite forecasts from economists…
Global markets begin May on an uneasy footing, with the Middle East conflict dominating the outlook and keeping oil prices volatile.The ongoing Iran crisis has heightened concerns around supply disruptions, shipping routes and inflation, prompting fresh engagement between US President Donald Trump and major energy executives, including Chevron, on stabilising…
On Thursday, USD/JPY crashed over 500 pips in a matter of hours. Japan’s Ministry of Finance confirmed it had bought yen and sold dollars — its first such operation since 2024. The yen carry trade is one of the most consequential yet least discussed forces inside the US stock market.…
Plug Power stock retreated by over 10% on Thursday, erasing the gains made on Wednesday. It crashed to the important support level at $3 as investors started to book profits. Still, it remains much higher than the year-to-date low of $1.72.Focus turns to Plug Power earnings Plug Power stock jumped sharply…
Iron Mountain stock price soared to a record high on Thursday after the company published a strong financial report. It rose to $125.26, up by 78% from its lowest level in April, pushing its market capitalization to over $36 billion. This rally may continue in the foreseeable future as demand…