News
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Euro hits five-month high before German vote on massive spending surge
March 18 (Reuters) - The euro hit its highest levels in more than five months against the dollar on Tuesday, as the German parliament was set to vote on a massive surge in borrowing that could boost growth across the euro area's largest economy and the wider region.
Reuters
Tue, Mar 18
Wall Street Got It All Wrong! Trump’s Tariffs Were an "Overt Strategy," Not a Bargaining Chip
TradingKey – Amid the repeated market shocks caused by U.S. President Donald Trump’s tariff policies, observers are beginning to recognize that these tariffs may not be mere negotiation tactics, as widely assumed, but an end in themselves.
Apple loses German antitrust appeal, opening door for greater controls
KARLSRUHE, Germany, March 18 (Reuters) - Apple AAPL.O lost an appeal on Tuesday against a regulatory assessment that opens the iPhone maker up to stricter controls in Germany, the Federal Court of Justice ruled on Tuesday, following years of debate over the company's market position.
Reuters
Tue, Mar 18
BOJ to hike rates gradually given wage outlook, Goldman says
TOKYO, March 18 (Reuters) - The Bank of Japan is likely to keep hiking interest rates gradually as wages are seen rising at a pace that will keep inflation stably around its 2% target, according to recent estimates made by Goldman Sachs.
Reuters
Tue, Mar 18
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $34.08 per troy ounce, up 0.65% from the $33.86 it cost on Monday.Silver prices have increased by 17.95% since the beginning of the year.
Fxstreet
Tue, Mar 18
WTI advances to two-week high, above $68.00 amid Middle East tensions and China optimism
West Texas Intermediate (WTI) US Crude Oil prices attract buyers for the third straight day on Tuesday and touch a fresh two-week high during the first half of the European session. The commodity currently trades just above the $68.00 mark, up over 1.25% for the day, and seems poised to climb...
Fxstreet
Tue, Mar 18
USD: Consumer pessimism still growing – ING
US data continues to haunt the dollar, which fell against all G10 currencies excluding the yen yesterday. February retail sales rose less than expected (0.2% month-on-month versus 0.6% consensus) following a major drop in January, while the Empire Manufacturing Index plummeted to the lowest level inFxstreet
Tue, Mar 18
"Bull crash" drives biggest ever drop in US equity allocation - BofA
MILAN, March 18 (Reuters) - Allocation to U.S. stocks saw the biggest drop ever in March with concerns over stagflation, trade wars and end of U.S. exceptionalism driving a "bull crash" in sentiment, a survey of investors from BofA Global Research showed on Tuesday.Reuters
Tue, Mar 18
Dollar steadies near 5-month low, struggles to shake off growth concerns
TOKYO, March 18 (Reuters) - The U.S. dollar steadied above a five-month trough against major peers on Tuesday as investors awaited the latest economic projections from the Federal Reserve amid concerns about the impact of intensifying global trade tensions.Reuters
Tue, Mar 18
Foreign CEOs to flock to China for key summit, Xi meeting, sources say
Top foreign CEOs to attend annual China Development Forum in BeijingMajor attendees include Qualcomm, FedEx, Siemens, BMW, Saudi Aramco, Rio Tinto, Citadel: draft agendaNotable increase in European CEOs attending this year's summitBy Laurie Chen BEIJING, March 17 (Reuters) - Dozens of foreign...Reuters
Tue, Mar 18
Alibaba HK shares rally amid increased focus on AI
Investing.com-- Alibaba’s (NYSE:BABA) Hong Kong shares rose sharply on Tuesday amid increasing optimism over the e-commerce giant’s AI prospects, with a report suggesting that it had shifted internal priorities further towards the technology.
Investing.com
Tue, Mar 18
EUR/GBP holds position above 0.8400 ahead of German spending plan vote
EUR/GBP remains largely unchanged for the second consecutive session, hovering around 0.8410 during Asian trading hours on Tuesday. The currency cross maintains its position as the Euro remains stable from traders’ optimism ahead of the crucial German spending plan vote due later in the day.
Fxstreet
Tue, Mar 18
Baidu stock swells after ERNIE AI model announcements
Investing.com -- On Monday, Chinese tech giant Baidu Inc (NASDAQ:BIDU)’s stock rose over 8% after the company announced the launch of two advanced AI models: native multimodal model ERNIE 4.5 and reasoning model ERNIE X1. Additionally, Baidu made its ERNIE Bot free to consumers ahead of the...Investing.com
Tue, Mar 18
Gold price climbs further beyond $3,000, fresh all-time peak and counting
Gold price (XAU/USD) scales higher for the second straight day – also marking its fifth day of a positive move in the previous six – and hits a fresh record high, around the $3,010 region during the Asian session on Tuesday. Against the backdrop of the uncertainty over US President Donald Trump’s...
Fxstreet
Tue, Mar 18
China's yuan steadies on signs domestic demand picking up
SHANGHAI, March 18 (Reuters) - China's yuan held steady against the struggling dollar on Tuesday, buoyed by encouraging domestic economic data and fresh stimulus to support consumption. However, worries over a possible escalation of trade disputes with the United States continued to weigh on sen...Reuters
Tue, Mar 18
