Latest Finance-Economy News
Gold, Silver, Platinum Hit Record Highs
Gold approached $5,000, while silver and platinum extended gains to all-time peaks amid geopolitical tensions and waning confidence in US assets. Investors seek hedges against risks from Trump policies and Fed independence threats.
This surge reflects broad trends likely to persist despite overbought conditions.
US National Debt Hits 100% of GDP, Crisis Looms
The US debt reached 100% of GDP, growing faster than the economy, risking six fiscal crises per watchdog warning. Longer-term rates set by global markets amid bets on growth and inflation.
This milestone heightens concerns over sustainability.
Trump Warns Europe of Retaliation Over Divestments
Trump threatened 'big retaliation' if Europe divests from US stocks and bonds, following a Danish fund's $100M US Treasury sale. Move coincides with US pressure on Greenland amid fiscal concerns.
Heightens geopolitical economic tensions.
US Shares Fall Amid Geopolitical Risks and Fed Worries
US stocks dropped 0.4% with rotation from tech and fewer Fed cut expectations; global uncertainty from Trump threats to Fed independence. Gold and silver hit records as hedges.
Australian shares fell mildly 0.4%.
China Likely to Lower 2026 Growth Target
China faces pressure to cut growth target due to global slowdown weighing on economy. Rural banks struggle selling seized properties at discounts, deepening real estate crisis and financial risks.
Signals broader economic challenges.
Japan Bond Market Wipeout from $280M Trading
Japan's ultra-long bonds plummeted Tuesday on low $280M turnover, causing $41B market wipeout felt globally. Bank of Japan holds rates at 30-year high amid volatility, yen swings, and policy worries.
Debt at 200% GDP raises unfunded cut risks.
Bank of Japan Maintains Rates Amid Turmoil
BOJ kept rates at 30-year highs, assessing prior hike impact against bond gyrations and volatile yen. PM Takaichi's tax cuts risk provoking bond vigilantes despite popularity.
Japan signals creditor strength with rebounding currency.
US Economic Data Remains Solid
November consumer spending strong, jobless claims low; core inflation at 2.8% yoy as expected, supporting Fed hold. Revised Q3 GDP confirms robust growth.
No changes to rate outlook anticipated.
China Signals Tolerance for Stronger Yuan
People's Bank of China set strongest yuan reference rate in nearly three years. Amid export rebound signs in Asia as global economy adjusts to US tariffs.
Reflects policy shift in currency management.
UK Retail Sales Beat Expectations Over Christmas
UK retail sales rose unexpectedly, aided by November budget avoiding tax hikes and energy bill relief plans. Indicates household spending resilience.
Positive amid broader European mixed signals.
Trump Reverses on Greenland Tariff Threats
Markets mixed after Trump's about-turn on Greenland tariff threats; uncertainty lingers on future deals. European and Asian activity picks up with export order rebounds.
Alarm over threats gives way to deal speculation.
US Crude Oil Stockpiles Rise Unexpectedly
US commercial crude stocks increased 3.6M barrels last week as refineries slowed. Oil prices rose slightly despite this, amid commodity shifts.
Adds to mixed energy market signals.