President Donald Trump said he will increase the global 10% tariff he announced one day earlier to 15%, stirring up more economic turbulence as he lashed out at the US Supreme Court over its ruling that his preferred mechanism for applying tariffs was illegal.
Global Markets
Gold Price Holds Near $5,000 as Lunar New Year Holiday Slows Global Trading Activity
Gold prices are staying close to the important $5,000 level as global trading activity slows down during the Lunar New Year holiday period. Lower participation from major Asian markets has reduced volatility, keeping prices in a narrow range.
ECB Warns Inflation Risks May Rise Again by 2028 – What It Means for Europe
Nomura’s Global Markets Research team expects Euro area HICP inflation to hover around the ECB’s 2.0% target through 2027, with risks turning clearly to the upside in 2027–2028. They project the ECB will keep rates unchanged until 2028, when at least two 25bp hikes may be needed to return inflation to target.
ECB Holds Rates in February: Bullish Signals for MCX Gold & Silver? Technical Outlook
ECB Holds Rates in February: The European Central Bank (ECB) has decided to keep interest rates unchanged in its February policy meeting, sticking to a cautious approach as inflation cools but economic growth remains slow.
US Fed Holds Interest Rates, Defends Independence Amid Global Pressure
The US Federal Reserve (Fed) has decided to keep interest rates unchanged, sticking to its current policy stance. This move was widely expected by the market, but what caught global attention was the Fed’s strong defence of its independence.