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Gold prices rangebound around $2,300 amid rate jitters, inflation watch

  Gold prices declined in Asian trade on Tuesday, remaining within a narrow range in the low $2,300s. This movement was influenced by the recent strength of the dollar and the anticipation of significant inflation data, which kept traders cautious about investing in the yellow metal. Limited Relief from Dollar Movement Metal markets found little […]

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Asian stocks drift higher with China trade, inflation in focus

  Asian stocks rose on Tuesday, recovering some recent losses as investors awaited more signals on a potential trade war between China and the West, while also focusing on upcoming inflation data. Chinese Markets Stabilize Amid Trade Tension Talks Chinese markets stabilized after three days of significant losses, as Chinese and European ministers began discussions

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China’s ByteDance working with Broadcom on advanced AI chip- Reuters

  Chinese technology firm ByteDance is collaborating with U.S. chipmaker Broadcom Inc (NASDAQ) to develop a sophisticated artificial intelligence processor, as reported by Reuters on Monday. This initiative aims to ensure a reliable supply of AI chips for ByteDance, particularly in light of stringent U.S. export restrictions on chips to China. The planned 5-nanometer chip

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Asia FX weak amid dollar strength; yen on intervention watch

  Most Asian Currencies Struggle as Dollar Holds Near Two-Month Highs Asian currencies faced pressure on Monday as the dollar remained close to two-month highs. The Japanese yen’s weakness raised concerns about potential intervention by Tokyo, adding to the overall cautious sentiment. Trade War Fears and Strong U.S. Data Weigh on Markets Investor sentiment in

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Asian stocks fall amid China-EU trade jitters; inflation in focus

    Most Asian Stocks Decline on Monday Amid Trade War Fears and U.S. Inflation Data Anticipation Most Asian stock markets fell on Monday, with Chinese markets experiencing significant losses due to the potential for a trade war with the European Union. Additionally, anticipation of key U.S. inflation data kept investor sentiment cautious. Regional markets

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Colombia congressional committees approve debt ceiling increase to $17.6 billion

The Colombian Congress committees have approved an increase in the debt ceiling to $17.6 billion.

Colombian Congress Approves $17.6 Billion Debt Ceiling Increase The lower house and Senate committees of the Colombian Congress approved a request from President Gustavo Petro’s leftist government to increase the country’s debt ceiling to $17.6 billion. The move is aimed at financing development plans and meeting payment obligations. The votes come amid warnings from analysts

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US stocks mostly higher as tech gains ahead of Fed meeting, inflation data

U.S. stocks were mostly higher Monday, as technology started the week on front foot just ahead of the Federal Reserve interest rate decision and inflation data due this week.  At 13:25 ET (17:25 GMT), Dow Jones Industrial Average fell 30 points, or 0.1%, S&P 500 dropped rose 0.1%, and NASDAQ Composite added 0.3%. Apple slips as annual developer conference gets underway; Nvidia

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