The Dow Jones tested fresh lows on Tuesday but remained stuck near 43,500. Investor confidence was dealt a blow after consumer confidence slipped further. Signs of a widespread economic slowdown are growing, inflation figures still loom ahead. The Dow Jones Industrial Average (DJIA) knocked slightly lower on Tuesday, dipping to a fresh multi-week low of 43,285. … Read more
The Home Depot reports Q4 rise of 11% on adjusted EPS and 14% on revenue from a year earlier. HD stock lifted 3.8% on Tuesday as the DIY home improvement retailer beats consensus. CFO McPhail says home improvement sales should make up for poor housing market. US comparable sales rise 1.3% compared with -1.3% dip in Q3. … Read more
Trump Trade Advisor Peter Navarro hinted at the possibility of yet more tariff exemptions during an interview on CNBC on Tuesday. Trade Advisor Navarro’s comments, while welcome by markets, contradict statements from other Trump administration policymakers who have already earmarked planned tariffs as a potential funding source to plug the upcoming holes in team Trump’s … Read more
Trump reiterates tariffs on Canada and Mexico, fueling trade concerns. UK retailers slash investment as consumer spending weakens. Markets expect BoE to hold rates at 4.50% in March, cut by Q2. The Pound Sterling (GBP) advanced early in the North American session, bouncing off a two-day low of 1.2605, as the Greenback weakened due to falling … Read more
EUR/USD advances to near 1.0500 as investors ignore renewed Trump’s tariff fears. US President Trump confirms that the plan of imposing 25% tariffs on Canada and Mexico is still on. The leader of CDU, Frederich Merz, is unlikely to join hands with Far-Right. EUR/USD rebounds to near 1.0500 in North American trading hours on Tuesday. The … Read more
An outlier day for Gold this Tuesday with losses on the quote board. The Trump administration seeks to corner China and toughens its semiconductor restrictions. Gold heads back to $2,935, though remains to look heavy with an overall market rout. Gold’s price (XAU/USD) has hit a new all-time high on Monday at $2,956, just hours before the Trump administration … Read more