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The Bank of Canada is expected to cut interest rates to 2.75% for the seventh time due to trade war fears, as Trump's tariffs threaten to push the economy into recession.
The EU will impose counter-tariffs on $28.33 billion of U.S. goods starting April 1 in response to U.S. steel and aluminum tariffs. New measures will follow by mid-April.
A rising boycott of US goods, including Teslas, is gaining momentum in Europe and in Canada.
The Consumer Price Index (CPI) for All Urban Consumers (CPI-U) increased by 0.2% in February, following a 0.5% rise in January. Over the past year, the overall CPI increased by 2.8%. The shelter index rose 0.3% in February, contributing to nearly half of the monthly increase. This was offset by a 4.0% drop in airline fares and a 1.0% decline
Donald Trump defended tariffs in a meeting with 100 CEOs, including leaders from Apple, JPMorgan, and Walmart, as recession and inflation fears impact markets.
Best Buy's total revenue for Q4 FY25 was $13.95 billion, down 4.8% from the previous year. Domestic revenue dropped 5.2% to $12.72 billion, but comparable sales grew by 0.5%, with strong performance in computing. GAAP operating income was 1.6% of revenue, down from 3.8% last year. GAAP diluted EPS dropped to $0.54 due to a $475 million goodwill impairment, but
The U.S. dollar hit a one-week high against the Canadian dollar after Trump raised tariffs on Canada, while the euro reached a four-month peak against the U.S. dollar.
USD/JPY has declined towards the 146.500 support level while forming a descending channel pattern. A bullish reversal could potentially break the descending channel, pushing the price towards 150.900. If no bullish momentum occurs, the support level of 146.500 may be tested again.
Deutsche Bank has increased parental leave to 26 weeks of fully-paid leave for primary caregivers in its Middle East and Africa offices, effective from the start of the year.
Solar energy made up 84% of new U.S. power generation in 2024, adding 50 GW, the largest growth in two decades, but faces challenges with new energy policies.
Japan's finance minister said rising bond yields will have mixed effects on the economy, easing concerns after the 10-year yield hit a 17-year high of 1.575%.
Tesla stock dropped 15% after UBS lowered its price target to $225, citing weaker demand for Model 3 and Model Y, and reducing Q1 delivery forecasts.
Volkswagen expects a 5.5-6.5% operating margin in 2025, down from 5.9% in 2024, citing weak demand, high costs, and trade tensions. Shares down 40% in 4 years.
Ontario imposes a 25% surcharge on electricity exports to protest Trump's tariffs, with Premier Ford vowing to protect the province until tariffs are lifted.
Gold saw sideways trading during last week's trading session. Economic Calendar Analysis Continuing previous week's trend volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market conditions fluctuate. However, if bullish sentiment continues to build, a further upward momentum towards 2935.00
GBP/USD moved higher towards 1.28500, implicating that bullish trend reversal may occur. Economic Calendar The FX pair could see higher levels of volatility, as both the U.K. and the U.S. are set to vital economical data that could impact the currency pair. GBP/USD hourly chart analysis The 1.29450 price resistance level may be tested, potentially pushing the price towards 1.31000 if the 1.29450
Trump's tariffs have caused a $4 trillion drop in the S&P 500, sparking economic uncertainty with shifting policies affecting businesses and investors.
USD/JPY saw a slight decrease, moving the FX pair below 149.000. Economic Calendar Low levels of volatility may occur, but it should not be expected, although economic data releases are due from both the U.S. and Japan. USD/JPY hourly chart analysis Short-term bearishness may come to an end if the support level at 147.000 holds. If the price stabilizes and bounces off this level,
EUR/USD saw higher levels of volatility last week, pushing the price above 1.08000. Economic Calendar Analysis Moderate volatility could be expected if upcoming economic data releases significantly impact the near-term outlook for the FX pair. On Wednesday, U.S. consumer price data will be released to the market. EUR/USD hourly chart analysis Bullishness in the FX pair may continue, considering that the 50-period, 100-period, and 200-period
DHL plans to cut 8,000 jobs in 2025 at its Post & Parcel Germany division due to declining letter volumes and rising costs, following a 5.6% drop in earnings.
IMF's Kristalina Georgieva said global policymakers have made progress in tackling inflation but still need to fully control it, likening it to a genie still partly out of the bottle.
Trump will exempt automakers from 25% tariffs on Canada and Mexico for a month if they follow trade rules and is open to other product exemptions.
China plans to raise its fiscal deficit to 4% of GDP, the highest since 2010, amid trade tensions and economic challenges, with increased bond sales for stimulus.
Bayer AG forecasts a third year of falling profit due to US litigation, low agriculture prices, and competition for key medicines, with core earnings expected to drop.