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PRECIOUS-Gold hits two-week low as easing trade tensions boost risk appetite
Trump says he has 'potential deals' with India, South Korea and JapanUS economy shrinks in first quarter of fiscal 2025US nonfarm payroll report due on FridayWeaker payroll report may push gold to $3,500 over the coming months, analyst saysBy Anmol Choubey May 1 (Reuters) - Gold fell near...Reuters
Thu, May 1
BOJ keeps rates steady, cuts growth forecasts on US tariff hit
BOJ keeps interest rate steady at 0.5% as widely expectedBoard cuts growth forecasts in quarterly reportBOJ delays projected timing of hitting target by a yearUeda says BOJ still on course for further rate hikesWarns of shaky baseline scenario, huge uncertaintyBy Leika Kihara and Makiko Yamazaki ...Reuters
Thu, May 1
WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours. Oil prices have fallen to their lowest level in three weeks, weighed down by concerns over a potential supply increase..
Fxstreet
Thu, May 1
Japan's Nikkei climbs as BOJ signals longer road to rate hikes
TOKYO, May 1 (Reuters) - Japan's Nikkei share average rose on Thursday, extending early gains after the Bank of Japan slashed growth and inflation forecasts in a sign it would take longer than previously expected to raise interest rates again.Reuters
Thu, May 1
Airbus urges return to zero-tariff deal as first quarter beats forecasts
PARIS, April 30 (Reuters) - The head of Europe's Airbus AIR.PA called for a return to tariff-free trading for aerospace on Wednesday, joining a chorus of U.S. industry leaders seeking relief from a growing tariff war in which Airbus warned there could be "only losers".Reuters
Thu, May 1
US Dollar Index (DXY) advances to two-week high near 99.75; not out of the woods yet
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some buyers for the third straight day and climbs to a two-week high, around the 99.70-99.75 region during the Asian session on Thursday.Fxstreet
Thu, May 1
WTI declines below $58.00 on demand fears, Saudi Arabia's plans
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.80 during the Asian trading hours on Thursday. The WTI price remains on the defensive after posting its worst monthly drop since November 2021 amid the concerns over a global economic downturn and the signal from...Fxstreet
Thu, May 1
Meta's strong ad sales dampen tariff-induced fears
April 30 (Reuters) - Meta Platforms META.O rode strong advertising performance to beat analysts' revenue estimates for the first quarter and match expectations for the next quarter on Wednesday, assuaging investor concerns over tariff-related economic growth fears.Reuters
Thu, May 1
Bank of Japan expected to hold interest rate at 0.50% amid US trade war uncertainty
The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%.Fxstreet
Thu, May 1
US judge rules Apple violated order to reform App Store
April 30 (Reuters) - Apple AAPL.O violated a U.S. court order that required the iPhone maker to allow greater competition for app downloads and payment methods in its lucrative App Store and will be referred to federal prosecutors, a federal judge in California ruled on Wednesday.
Reuters
Thu, May 1
PRECIOUS-Gold retreats on firm dollar, US payrolls data on tap
May 1(Reuters) - Gold was subdued on Thursday on the dollar's strength, while investors awaited more clarity on trade policy between the U.S. and its trading partners, and looked forward to the U.S. non-farm payrolls report due this week.FUNDAMENTALS * Spot gold XAU= fell 0.7% to $3,265.45 an ou...Reuters
Thu, May 1
Trump struggles to explain weak economic data as he reaches 100-day mark
By Trevor Hunnicutt WASHINGTON, April 30 (Reuters) - President Donald Trump on Wednesday counseled patience, cast blame and claimed victory in the face of a first-quarter U.S. economic contraction and tariffs that have taken a bite out of his popularity, saying a resurgence was around the corner....Reuters
Wed, Apr 30
Oil settles lower, posts steepest monthly decline since 2021
Saudi Arabia signals it can live with lower oil pricesUS economy contracts in the first quarterMarket expects further increase in OPEC+ outputBy Nicole Jao NEW YORK, April 30 (Reuters) - Oil prices settled down on Wednesday and recorded the largest monthly drop in almost 3-1/2 years after Saudi A...Reuters
Wed, Apr 30
US natgas prices slide 2% on mild weather, lower demand
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 1% below five-year averageBy Scott DiSavino April 30 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday on forecasts for milder weather and lower...Reuters
Wed, Apr 30
Wells Fargo sees lower profit across apparel sector on tariff, recession risks
Investing.com -- Wells Fargo slashed 2026 earnings estimates across the U.S. apparel and footwear sector given the dual pressures of elevated tariffs on Chinese imports and expectations for a mild U.S. recession beginning in the second half of 2025.Investing.com
Wed, Apr 30
