Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
U.S. stocks closed sharply lower Friday after a disappointing July jobs report fueled recession fears and renewed volatility in tech shares led by Amazon. The Dow Jones Industrial Average dropped 542 points (1.7%), the S&P 500 fell 1.7%, and the Nasdaq Composite slid 2.2%.
The Labor Department reported just 73,000 new jobs in July, far below the expected 106,000. June’s data was also revised sharply lower, with total job revisions cutting 258,000 positions. The unemployment rate ticked up to 4.2%. Economists warned that manufacturing weakness and downward revisions paint a more fragile picture of the labor market than previously thought.
Following the report, President Donald Trump ordered the firing of Labor Statistics Commissioner Erika McEntarfer, accusing her of manipulating job data. Treasury yields plunged as traders increased bets on Federal Reserve rate cuts. Fed Governor Adriana Kugler’s resignation added to speculation about a potential policy shift ahead of the September meeting.
Market sentiment worsened after Trump signed an executive order raising tariffs — up to 50% on some countries — starting Aug. 7. Canada faces a 35% levy on certain goods, while Brazil will be hit with the highest duties.
Amazon shares tumbled after issuing weak income guidance despite AWS revenue rising 17.5% to $30.9 billion. Apple reversed gains despite beating expectations on iPhone and services sales, while Coinbase fell on weaker trading profits. Reddit shares surged on strong advertising forecasts, and energy giants Exxon and Chevron declined despite higher production.
Investors now await upcoming inflation data to gauge the Fed’s next move as markets remain under pressure from slowing growth and escalating trade tensions.
