March 6, 2025
Euro rises to four-month high on optimism about Germany’s infrastructure fund
The euro hit four month highs against the U.S. dollar, as Europe’s growth prospects improved after Germany’s proposed 500-billion euro infrastructure fund, potentially offsetting global trade tensions. The single currency is up nearly 3.7% this week, already on track for its best week since November 2022. The Euro-Dollar pair exploded 1.4% in the last session. […]
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March 6, 2025
Brent down 3% after hitting 3-year low on US crude build, OPEC+ hike, US tariffs
Global benchmark Brent was down nearly 3%, recovering slightly from a three-year low hit earlier in the session, after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.S. tariffs on Canada, China and Mexico. After a 4.0% dip during […]
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March 5, 2025
Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
A trade group representing nearly all major automakers warned that new 25% tariffs on imports from Canada and Mexico imposed by U.S. President Donald Trump will lead to drastic price hikes.
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March 5, 2025
Euro advances after German debt reform, possible US-Ukraine minerals deal
The euro rallied against the U.S. dollar, hitting it’s three-month high after Germany’s conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending. The last session saw the Euro gain 0.9% against the Dollar. The RSI is giving a positive […]
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March 5, 2025
Nasdaq on course to confirm correction as trade war looms
Wall Street’s main indexes fell, with the tech-heavy Nasdaq on course to confirm a correction, as investors feared that an escalating trade war between the U.S. and its partners could damage the country’s economy.
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March 4, 2025
Trump, TSMC CEO to announce new $100 billion US investment plans
TSMC CEO announced the Taiwanese semiconductor company plans to make an additional $100 billion investment in the United States and build five additional chips factories in the coming years. They announced the plan in a meeting at the White House with President Donald Trump.
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