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US stock markets declined as technology shares weakened despite investor confidence in Kevin Warsh’s appointment as Federal Reserve Chair. The S&P 500, Nasdaq and Dow slipped amid rising Treasury yields and stronger-than-expected inflation data. Gold and silver futures dropped sharply, signalling improved risk sentiment.
US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh as the next Fed Chair, marking a major shift in US monetary leadership. Warsh, known for market-friendly and reform-focused views, previously served during the 2008 crisis era.
Gold prices tested record highs near $5,600 before slight profit booking, supported by strong safe-haven demand amid geopolitical tensions and US dollar weakness. Donald Trump’s warning to Iran and deployment of US naval forces heightened global uncertainty, boosting precious metal demand. Meanwhile, the Indian rupee hit fresh lows against the dollar, reflecting global currency pressure and reinfo
The US Federal Reserve kept interest rates unchanged, choosing caution as it evaluates easing inflation and a still-tight labour market. Despite repeated calls from President Donald Trump for sharp rate cuts, the Fed maintained its benchmark rate within the expected range, reinforcing its policy independence. Chair Jerome Powell’s stance reflects concerns over persistent inflation, political press
The recently signed India-EU Free Trade Agreement slashes EU tariffs on 99.5% of Indian goods like textiles, leather, pharmaceuticals, and gems over seven years, boosting competitiveness against rivals and countering US 50% tariffs that have hit exports hard. This diversification opens the EU’s $136 billion market—nearly matching US trade volumes—for labor-intensive sectors,reducing reliance on US
US President Donald Trump is expected to announce his nominee for Federal Reserve Chair by the end of January, with BlackRock executive Rick Rieder emerging as a leading contender. Prediction markets now place Rieder ahead of traditional candidates, signalling a possible break from conventional central banking norms. The move comes amid Trump’s repeated criticism of Jerome Powell and growing marke
Gold and silver prices have surged to historic highs amid escalating global tensions and uncertainty over US monetary policy. Ongoing Russia-Ukraine conflict, geopolitical risks involving Venezuela and Greenland, and expectations of a dovish US Federal Reserve under President Donald Trump have pushed investors toward safe-haven assets. Falling interest-rate expectations and global instability are
US President Donald Trump triggered fresh global debate at the World Economic Forum in Davos after describing himself as a “dictator” while defending his leadership style. Trump clarified that his governance is driven by “common sense” rather than ideology. He also softened his stance on Greenland, ruling out tariffs and signalling negotiations with Denmark and NATO allies to address Arctic securi
US President Donald Trump expressed optimism about a bilateral trade agreement with India, Davos 2026, calling Prime Minister Narendra Modi a “fantastic man and a friend” and stating, “We are going to have a good deal.”
US President Donald Trump announced he will not impose tariffs scheduled for February 1 following a productive meeting with NATO Secretary General Mark Rutte on Greenland and Arctic cooperation. Trump stated on Truth Social that the talks established a framework for a future deal beneficial to the US and NATO nations, shelving the tariffs amid rising strategic interest in the mineral-rich Arctic r
