March 18, 2025
UK stocks kick off week higher as commodity-linked shares advance
British stocks closed higher, driven by energy and mining shares, while investors geared up for a slew of central bank decisions this week including from the Bank of England. The benchmark FTSE 100 index rose 0.6%.
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March 17, 2025
Gold pops above $3,000 for first time
Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe-haven asset to seek cover from economic uncertainty sparked by U.S. President Donald Trump’s tariff war. The Gold-Dollar pair saw a minor dip of 0.1% in the last session. The ROC’s is […]
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March 17, 2025
Stocks rebound after S&P 500 correction
U.S. equities followed European stocks higher on Friday to end a bumpy week on a positive note, although safe-haven gold hit a record high with investors still showing some signs of anxiety about the economic impact of tariffs. S&P 500 was 10% down compared to it’s February high
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March 17, 2025
Euro gains after German fiscal deal; dollar buoyed
The euro rose on Friday after German parties agreed on a fiscal deal that could boost defence spending and revive growth in Europe’s largest economy. The dollar weakened against the euro but rose against the Swiss franc and the yen, underpinned by the likelihood the U.S. government will avert a shutdown. The Euro got a […]
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March 13, 2025
Bank of Canada cuts rates by 25 bps, warns of tariff crisis
The Bank of Canada trimmed its key policy rate by 25 basis points to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump’s tariffs.
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March 13, 2025
Google introduces new AI models for rapidly growing robotics industry
Alphabet’s Google launched two new AI models tailored for robotics applications based on its Gemini 2.0 model, as it looks to cater to the rapidly growing robotics industry. Google’s launch comes a month after robotics startup Figure AI exited its collaboration agreement with ChatGPT-maker OpenAI. Google shares saw a minor rise of 0.2% in the […]
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