Tensions in the Middle East and Trump's threats to Iran are causing uncertainty in global markets, leading to a shift towards safe-haven assets like gold and crude oil. Asian markets are also feeling the impact, with declines in Japan, Australia, India, China, and Hong Kong. In Europe, the STOXX 50, DAX, CAC 40, and FTSE 100 are all down. Oil prices surged over 7% after the strike and fears of supply disruption, while natural gas, gold, silver, and copper also saw price movements. U.S. futures are down over 1%, led by declines in the Dow Jones and Nasdaq 100. The dollar has gained against major currencies as investors seek safe havens.
Stocks end lower on Middle East tensions and skepticism over US-China trade deal, with most sectors declining. Economic data shows lower than expected inflation. Asia markets also down, led by losses in Japan and Australia. European stocks also lower, while oil and metal prices rise due to safe-haven demand. US futures and dollar decline.
US markets closed mixed, with modest gains in S&P and Nasdaq while Dow was flat due to losses in McDonald's and Travelers. Economic data showed increase in wholesale inventories and drop in inflation expectations. Asian markets mostly up, Europe mostly down.
Economist Peter Schiff remained skeptical about Bitcoin’s (CRYPTO: BTC) surge past $110,000 Monday, insisting that he will eventually be proven right about the apex cryptocurrency’s downfall.
Global gold supply is expected to grow by 1% in 2025, according to Metal Focus. The precious metals consultancy is expecting this growth from fresh gains in mine production.
