Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
European shares inched higher Thursday, lifted by autos and miners, as investors awaited the European Central Bank's rate decision.
The STOXX 600 rose 0.2%, supported by gains in industrial metal miners and automakers. Miners climbed 0.6% on strong copper prices, while automakers rebounded 0.5% after recent losses.
Caution prevailed ahead of the ECB’s expected 25-basis-point rate cut. Germany’s tax relief package had boosted sentiment the previous day.
Trade uncertainty lingered with no progress following U.S. President Trump’s trade negotiation deadline. Meanwhile, U.S. Defense Secretary Pete Hegseth confirmed a planned 5% GDP defense spending target for NATO members.
Defense stocks slipped, with the index down 0.3%. Eutelsat fell 13% after Hanwha Systems moved to sell its stake, and Wizz Air dropped 22% on weak profit results.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
The New York Stock Exchange opened sharply lower on 2 September as investors weighed the legality of Donald Trump’s tariffs – a federal appeals court has ruled most of them illegal.
Eurozone annual inflation reached 2.1% in August, up from 2% in July, Eurostat announced on Wednesday.
Kraft Heinz is breaking up into two separate companies a decade after its high-profile merger, aiming to unlock greater shareholder value.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment