{
}
Gold prices have reached all-time highs, trading above USD 2,870/oz, driven by tariff concerns and strong central bank demand, prompting a forecast increase to USD 3,000/oz over the next year. Geopolitical tensions and a potential resumption of Fed rate cuts are expected to sustain gold's appeal as a safe-haven asset. Central bank purchases remain robust, with 1,045 metric tons bought in 2024, reflecting ongoing diversification and de-dollarization trends.
The US Federal Reserve maintained its key interest rate at 4.5%, pausing after three cuts in 2024, citing stable unemployment and ongoing inflation concerns. In contrast, the European Central Bank lowered its rate by 0.25% to 2.75%, responding to easing price pressures while remaining cautious about future adjustments.
A trade war has escalated, with Canada imposing 25% tariffs on $107 billion in U.S. imports, while Mexico and China are preparing retaliatory measures. U.S. markets reacted sharply, with significant drops in futures and a 22% spike in the VIX volatility index, amid concerns over inflation and economic stability. The Fed's pause on rate cuts and ongoing inflation challenges further complicate the outlook for American markets, which are now facing increased volatility due to these geopolitical tensions and competition in artificial intelligence.
A shifting political landscape in Europe may bolster Putin's diplomatic efforts regarding Ukraine, while Sam Bankman-Fried's parents seek a presidential pardon for him. In children's publishing, Dav Pilkey's "Dog Man" series is set to expand with a new graphic novel and an animated film, expected to boost sales significantly. Meanwhile, Trump has fired two leaders of the National Labor Relations Board, signaling a shift towards a more employer-friendly stance, echoing his previous administration's approach to labor issues.
Clouds are gathering over the Nasdaq as concerns rise about the speed and cost of Chinese AI development, highlighted by Alibaba's new model outperforming American competitors. The Trump administration is reportedly considering restrictions on Nvidia's H20 chip exports to China, while inflation remains a key issue, with PCE inflation at 2.8%, complicating the Fed's outlook on rate cuts. Jobless claims fell to 207,000, reinforcing the Fed's cautious approach, with markets not anticipating further rate cuts before June, potentially impacting technology and other sectors.
Core PCE inflation, the Fed's preferred measure, remained stagnant at 2.8%, failing to progress towards the 2% target for five consecutive months. This lack of improvement has prompted a shift in rhetoric from Jerome Powell, and if upcoming figures show no change, investor disappointment may reinforce a "double top" technical pattern, potentially pushing prices closer to the 23.6% Fibonacci retracement level.
UBS CEO Sergio Ermotti defended the bank's current capital requirements, asserting they are sufficient and should be effectively communicated. He emphasized the importance of UBS's contributions to Switzerland's financial stability and economy, while advocating for a public liquidity backstop for systemically important banks. Meanwhile, the US economy showed signs of slowing, with a 2.3% GDP growth in the fourth quarter of 2024.
Deutsche Bank's Q4 profits plummeted 92% to €106mn, significantly missing analysts' expectations due to a €329mn charge from a mis-selling scandal and higher loan losses. CEO Christian Sewing is set to unveil a new strategy focusing on efficiency and potential job cuts.Meanwhile, Bank of England's Andrew Bailey cautioned against relaxing mortgage lending restrictions, emphasizing the benefits of current rules in preventing future financial crises. Goldman Sachs' David Solomon anticipates stable interest rates in 2025 unless inflation trends change, while Lloyds Banking Group plans to close 136 branches due to declining in-branch transactions, though no jobs will be lost.
Bitcoin's price surged above $105,000 following the Federal Reserve's meeting, where it signaled a cautious approach to interest rate cuts amid persistent inflation. Investors are now focused on upcoming US economic data, including the PCE deflator, while the ECB's interest rate decision could further influence market momentum, with a target of $110,000 in sight.
The Federal Reserve maintained its key interest rate amid high inflation and uncertainty regarding the new Trump administration's economic policies, particularly concerning potential import tariffs. In contrast, the European Central Bank is poised to cut rates, with a possible increase in March if U.S. tariffs are avoided. Meanwhile, the DAX has outperformed the S&P over the past three months, driven by a lack of exposure to the recent AI stock downturn, raising questions about the sustainability of this trend.
Jerome Powell
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
gold prices soar amid geopolitical tensions and central bank demand
Chinese Yuan
United States Dollar
Russian Ruble
Iranian Rial
World Gold Council,an Association
CAN
CHN
IRN
PSE
RUS
USA
MEX
UKR
Jerome Powell
Donald Trump
Show more
14:56 06.02.2025
Fed holds rates steady while ECB cuts interest rate amid inflation concerns
12:00 03.02.2025
global markets face turmoil amid escalating trade tensions and inflation concerns
Canadian Dollar
United States Dollar
Euro
ProShares Ultra Russell2000
Apple Inc.
USA
MEX
CHN
CAN
Jerome Powell
Donald Trump
Show more
10:06 03.02.2025
political shifts impact diplomacy and labor relations in the united states
United States Dollar
Tesla, Inc.
Starbucks Corp
Amazon.com, Inc.
Scholastic Inc.
Alphabet Inc.
USA
Gwynne Wilcox
Ricky Gervais
Jerome Powell
Pete Davidson
Jennifer Abruzzo
Dav Pilkey
Isla Fisher
Graham Steele
Sam Bankman-Fried
Show more
18:25 31.01.2025
nasdaq faces challenges amid inflation concerns and competitive ai developments
17:16 31.01.2025
core pce inflation stagnates as fed signals concern over economic progress
10:35 31.01.2025
ubs ceo defends capital requirements amid calls for increased equity measures
Swiss Franc
United States Dollar
ABB Ltd
Nestlé S.A.
Hoffmann-La Roche AG
CHE
Jerome Powell
Sergio Ermotti
Donald Trump
Show more
19:31 30.01.2025
deutsche bank profits plunge as restructuring plans loom amid market challenges
Euro
Lloyds Banking Group plc
The Goldman Sachs Group, Inc.
Deutsche Bank RV Global PP
DEU
USA
David M. Solomon
Andrew Bailey
Jerome Powell
Keir Starmer
Christian Sewing
Show more
12:46 30.01.2025
Bitcoin surges past 105000 dollars as Fed signals cautious approach to rates
11:18 30.01.2025
DAX Surpasses S&P as ECB Prepares for Interest Rate Changes
United States Dollar
Euro
End Federal Reserve USD
USA
DEU
Jerome Powell
Christine Lagarde
Donald Trump
Show more
10:16 30.01.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Central Bank Actions
Retail and Consumer Goods
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Financial Scams and Security
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Market Analysis and Predictions
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Domestic Politics
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
NVIDIA Corporation
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Microsoft Corporation
End Federal Reserve USD
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
Vietnamese Đồng
People: