Tag: trade tensions impact
DAX Rally Halted by Wall Street Declines and Trade Tensions
Market activity has shifted following a robust surge, with profit-taking evident amid weak Wall Street signals and trade dispute concerns. The DAX index fell 1.4%, influenced by recent defense stock…
Gold Reaches Historic High of $2,910: What’s Driving the Surge?
Gold prices have surged to unprecedented levels, surpassing $2,900 per ounce and peaking at $2,910 due to escalating trade tensions, particularly between the U.S. and China, and increased central bank…
Cryptocurrency Plunge: Trump Sparks Bitcoin and Ether Decline
Cryptocurrencies are experiencing a significant downturn, with Bitcoin dropping nearly 6% and Ether plummeting 26%, the largest decline since 2021. This turmoil stems from heightened trade tensions due to new…
CAC40 Aims for 7880 Points as Euro Drops Due to Customs Duties
Paris Stock Exchange has experienced minor losses, currently down 1.50% at 7,880 points, amid mounting pressure from new tariffs proposed by Donald Trump, particularly affecting the automotive sector. European markets…
Dollar Rises in Asia Following Trump’s Customs Tax Hike Announcement
On November 26, the dollar strengthened significantly against the Mexican peso and Canadian dollar following President-elect Trump’s announcement of increased tariffs on goods from Mexico, Canada, and China. This move…