23:56
World Business with Guy Shone - Official Promo
AnewZ's Editor-in-Chief Guy Shone's new show brings you the companies, the leaders, and the innovations that drive businesses forward.
Markets Slide as Trump Tariffs Roil Trade; Gold Hits Record High
Reuters
Global markets plunged on Monday as Trump’s tariffs on Canada, Mexico, and China rattled investors, fueling fears of a trade war. A last-minute pause on Mexico’s tariffs helped limit losses, while gold hit a record high and U.S. factory activity returned to growth.
📉 Stock Market Impact
Wall Street drop: The S&P 500 fell 0.38%, while the Dow Jones recovered slightly, closing 0.01% higher.
Tech sector hit: The Nasdaq Composite lost 0.72%, reflecting broader weakness in technology stocks.
Europe’s worst session of 2025: The STOXX 600 plunged 0.87%, while the FTSEurofirst 300 dropped 0.81%.
Asia tumbles: Japan’s Nikkei 225 fell 2.66%, while the MSCI Asia-Pacific index slid 2.04%.
Reuters
💰 Gold Hits Record, Bonds and Currencies React
Gold soared to an all-time high of $2,819.50 per ounce, as investors sought safe-haven assets.
Dollar’s mixed performance: After an initial rise, the dollar index fell 0.51%, while the Mexican peso strengthened 1.14% following the tariff pause.
Euro slides: The euro dropped 0.73% to $1.0286, while the Canadian dollar weakened 0.22% against the U.S. dollar.
🛢️ Oil Prices Rebound, Bitcoin Slips
Crude oil gains: After initial losses, Brent crude rose 0.38% to $75.96 per barrel, while U.S. crude climbed 0.87% to $73.16 per barrel.
₿ Crypto declines: Bitcoin fell 0.91% to $101,215, while Ethereum plunged 17.13% to $2,749.05, extending a broader sell-off in digital assets.
U.S. Factory Activity Expands
📈 Manufacturing returns to growth: U.S. factory activity expanded for the first time since October 2022, signaling stronger industrial demand.
🔍 Federal Reserve impact: Analysts warn the data may delay rate cuts, as a stronger economy could fuel inflation concerns.
⚠️ Market Outlook
Analysts expect continued volatility across stocks, commodities, and currencies, with investors closely watching potential European retaliation and further White House trade moves.
10:06
Currency markets on edge amid political turmoil, eye US jobs report
Major currencies remained jittery on Friday as markets considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea.
15:06
Volkswagen sells Xinjiang plant to focus on strategic growth in China’s evolving automotive market
Volkswagen, a key player in the global automotive industry, has finalized the sale of its manufacturing plant and testing facilities in Xinjiang, China, marking a significant shift in its operational strategy.
10:43
Kazakhstan to Introduce Digital Gold Investment Coin in 2025
The National Bank of Kazakhstan has unveiled plans to launch the "Digital Investment Coin" project in early 2025, offering a new way to trade gold investment coins globally.
10:30
TSMC Reaffirms $65 Billion US Investment Plan Despite Trump’s Election Victory
The Taiwan Semiconductor Manufacturing Company (TSMC) has reaffirmed its commitment to its $65 billion investment in U.S. semiconductor factories. It's despite President-Elect Donald Trump concerns over Taiwan's role in the U.S. semiconductor industry.
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