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Rates down double digits at Japanese renewals as reinsurer appetite increases
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $69.41 per barrel, down from Thursday’s close at $69.77. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $72.93 after its previous daily close at $73.32.Reuters
Fri, Mar 28
Trump’s Tariffs Create Headaches for the Fed, BofA: Inflation Has Been Sticky, No Rate Cuts in 2025
TradingKey – The tariff war launched by U.S. President Donald Trump is undermining the Federal Reserve’s efforts to combat high inflation. The uncertainty stemming from these tariff policies has become a major concern for several Fed officials. Meanwhile, the CEO of Bank of America predicted that..TradingKey
Fri, Mar 28
UK retail sales unexpectedly rose in February, sterling climbs
Investing.com -- British retail sales unexpectedly climbed by 1% in February, driven by stronger demand at department stores and higher spending on clothing and household goods.Data released on Friday by the Office for National Statistics (ONS) revealed that the volume of goods purchased...
Investing.com
Fri, Mar 28
PRECIOUS-Gold touches record high as Trump tariffs fuel safe-haven demand
$3,100/oz is the next big milestone for gold, analyst saysCountries vow trade response if Trump enacts US Personal Consumption Expenditures data due later in the dayBy Anjana Anil and Anushree Mukherjee March 28 (Reuters) - Gold scaled a record peak on Friday as U.S. President Donald Trump's ...Reuters
Fri, Mar 28
US core PCE inflation expected to remain sticky, reinforcing Federal Reserve’s cautious stance on rate cuts
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for February on Friday at 12:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation.Fxstreet
Fri, Mar 28
Markets brace for cut to BOJ's super-long bond buying
TOKYO, March 28 (Reuters) - The Bank of Japan could take another key step toward diminishing its huge presence in the bond market next week, when it releases its bond-buying plan for the second quarter that may include a cut in the size of super-long bond purchases, analysts say.
Reuters
Fri, Mar 28
Carney talks tariff response
Investing.com -- Canada's Prime Minister Mark Carney announced today that the country will retaliate against the latest U.S. tariffs with trade actions of its own. The Prime Minister's statements came during a press conference, where he expressed that the United States is no longer viewed as a relia
Investing.com
Fri, Mar 28
Estimating the Impact of Trump's Auto Tariffs: Which Automakers Will Be Hit Hardest and How Much Will Car Prices Rise?
TradingKey – Recently, U.S. President Donald Trump announced that a 25% tariff on all non-U.S.-manufactured cars will take effect starting April 2. In response, the European Union and Canada have threatened retaliatory measures. Industry experts and Wall Street analysts predict that the resulting...
TradingKey
Fri, Mar 28
US car buyers face higher prices, less choice under Trump's tariffs
LONDON/WHITE LAKE, Michigan, March 28 (Reuters) - Major automakers can deal with President Donald Trump's tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.Reuters
Fri, Mar 28
Gold price advances to fresh all-time peak amid tariffs-driven global flight to safety
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday. The global risk sentiment takes a hit in reaction to US President Donald Trump's auto tariffs announced on Wednesday.
Fxstreet
Fri, Mar 28
After years of survival, China's Huawei returns to revenue peak
SHENZHEN, China, March 28 (Reuters) - China's Huawei is expected to claim triumph over U.S. sanctions at its upcoming annual results, bolstered by its software push, progress in chips and booming smart-driving technology business that has helped it move out of "survival mode".
Reuters
Fri, Mar 28
Oil holds near one-month high, set for third week of gains amid supply woes
SINGAPORE, March 28 (Reuters) - Oil prices held near one-month highs on Friday and were poised for a third weekly gain on a tightening global supply outlook after the U.S. imposed tariffs against countries buying oil and gas from Venezuela and placed restrictions on Iranian oil trade.
Reuters
Fri, Mar 28
Nippon, U.S. Steel offer increased investment to Trump officials to close deal, Semafor reports
March 27 (Reuters) - Nippon Steel 5401.T and U.S. Steel X.N are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.In recent meetings with White House o...Reuters
Fri, Mar 28
London copper edges lower as US tariff unease weighs
NEW DELHI, March 28 (Reuters) - Copper prices in London edged down on Friday and headed for weekly losses, as unease over looming U.S. tariffs weighed on sentiment. The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) eased 0.05% to $9,842 metric ton, as of 0231 GMT. For the...Reuters
Fri, Mar 28
Japanese Yen rebounds from multi-week low against USD after stronger Tokyo CPI
The Japanese Yen (JPY) drops to a nearly four-week trough against its American counterpart during the Asian session on Friday amid concerns that US President Donald Trump's trade tariffs could impact key domestic exports. The JPY bulls, however, got some respite following the release of...Fxstreet
Fri, Mar 28
