Asian stocks edged up on Friday, drawing support from unexpectedly strong growth in China's economy at the end of last year, although gains were limited by caution ahead of Donald Trump's inauguration as U.
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
Global equities rose on Friday, adding to weekly gains, as declining bond yields, stronger than expected Chinese growth figures and upbeat earnings supported riskier assets.
U.S. President-elect Donald Trump has been given a mandate to implement populist economic policies. But to make the U.S. better off, he must not repeat President Joe Biden’s impulse to go to extremes.
Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
Justin Trudeau is resigning as Canada’s prime minister. And the outlook for Germany’s solar panel industry is a bit cloudy. Plus, China’s central bank is planning a policy overhaul. I’m Kasia Broussalian, and here’s the news you need to start your day. Canadian Prime Minister Justin Trudeau announced that he is stepping down.
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.
The big unknown is how far Trump is prepared to go to win a trade war before it winds up crushing animal spirits.
Could a 50-year bond, redeemable in gold on America’s 300th Birthday, point the way out of the era of fiat money?
Shares were mostly lower in Asia on Friday after China reported that its economy grew at a 5% annual pace last year, hitting the government’s target but slowing from the year before.
Global markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil ... which criticised fresh curbs on AI chips to China announced by the outgoing Biden ...