Economists polled by Reuters expect the Bank of Canada to cut interest rates twice before the end of the third quarter. However, TD Securities chief strategist Andrew Kelvin believes the central bank will keep borrowing costs at 2.75% in April, awaiting clearer data on the impact of trade tariffs.
China’s oil imports rose steeply from January and February and grew 5% on an annual basis in March. According to China’s General Admission of Customs, last month the country’s crude imports totalled 51.14 million tons, or 12.1 million barrels per day.
Goldman Sachs raised its 2025 gold price forecast to a record $3,700 per ounce, citing escalating US-China trade tensions and growing America's economic concerns. This marks the third increase this year, following a March revision to $3,300.
Liquefied natural gas (LNG) imports into Europe are expected to rise by 25% this year as the continent seeks to offset falling pipeline supplies, the International Energy Agency (IEA) reported. The agency also noted that demand in the region could get bigger on adverse weather conditions.
The European Union is set to reopen talks with the United States on increasing liquefied natural gas (LNG) imports, in order to prevent the reintroduction of Donald Trump's tariffs. This information comes from Politico, citing sources within the EU.
CoinMarketCap informs that Bitcoin is expected to rise to $1.8 million by 2035 regardless of a recent decline in its price and decreased investor interest caused by global trade tensions.
The greenback continued to weaken for the fifth consecutive day, despite the delay in imposing US tariffs on imports of some electronics. Additionally, the gauge of the dollar volatility remains near a record high level over the past two years.
According to a Bloomberg survey, inflation growth in the eurozone is expected to be slower than previously forecasted due to higher US tariffs. This corresponds to the plans of the European Central Bank to cut interest rates this week.
During Asian trading session this morning, contracts tied to US stock indices rose on the Donald Trump administration's decision to provide some relief for the electronics sector and exempt its goods from new import tariffs.
Copper rose 0.2% after US President Donald Trump reportedly granted exemptions to his tariffs on some goods. As noted by Bloomberg, this has helped to improve sentiment across financial markets.
The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
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