While US inflation continues to climb, elevated jobless claims are capturing more attention in the markets. Expectations for three rate cuts from the Federal Reserve this year are strengthening. The ECB held rates steady at 2% as anticipated. The Nikkei and KOSPI set new all-time highs, following Wall Street’s lead. Oil prices stabilized, gaining more … Read more
US President Donald Trump announced a radical measure – starting August 7, 39% tariffs will be imposed on a wide range of goods from Switzerland. This is an unprecedented blow to one of the world’s most stable economies. Traders and investors – attention: serious consequences are looming for Switzerland and the Swiss franc (CHF). Why … Read more
Asian Markets Show Cautious Optimism Amid US Tariff Maneuvers Asian stock exchanges responded with mild enthusiasm following the latest move by US President Donald Trump to ramp up import tariffs. Meanwhile, the US dollar held steady and oil prices slipped slightly. Trump’s Tariff Notices Shake Wall Street Wall Street took a downturn after Trump sent … Read more