Pound steadies as USD firms on Fed bets, Iran risks
The pound struggled to extend gains against the dollar on Monday, with GBP/USD failing to build on a modest intraday bounce as fresh US dollar buying capped its recovery. Optimism…
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Category: Business
Goldman shifts Fed forecast: is rate relief further away than thought?
Goldman Sachs has pushed back its forecast for the first US interest-rate cut, saying higher energy prices and the risk of stickier inflation linked to the Middle East conflict are…
US jobs report beats forecasts in April as unemployment holds steady at 4.3%
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by…
ECB flags structural barriers slowing euro zone capital market integration
The euro zone has made steady progress in financial integration in recent years, but equity markets across the bloc remain fragmented and continue to lag behind improvements seen in banking…
Trump-Xi summit: trade, Taiwan, AI talks in focus; major breakthroughs unlikely
US President Donald Trump is set to meet Chinese President Xi Jinping in Beijing next week in the first visit by a US leader to China in almost a decade,…
US jobless claims rise less than expected despite ongoing layoffs
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…
Evening digest: Oil slips, Bitcoin rallies above $81k as geopolitics shift
Global markets saw mixed signals Tuesday as the US said its ceasefire with Iran remains intact despite fresh clashes near Hormuz, oil prices fell on easing escalation fears, Bitcoin climbed…
Russia resumes forex purchases as oil price windfall boosts revenues
Russia will resume buying foreign currency on the market for the first time since before the start of the war in Ukraine, according to a statement from the Finance Ministry,…