Dow Plunges 650 Points as Trump’s Tariffs Raise Fears of Economic Slowdown
U.S. stocks faced a steep decline on Monday, erasing more of their post-election gains after President Donald Trump confirmed that new tariffs on Canada and Mexico would take effect within hours. The S&P 500 tumbled 1.8% as Trump declared that there was “no
Pakistan Stock Exchange Hits Record 90,000 Points – A Historic Market Surge
The Pakistan Stock Exchange (PSX) has achieved a historic milestone as the KSE-100 index surged past 90,000 points during intraday trading. This remarkable rise reflects strong investor confidence, economic stability, and positive market trends in Pakistan’s financial sector. Key Reasons Behind the PSX
Global Stock Market Update: Mixed Results as Wall Street Caps Strongest Week of the Year
European stocks opened strong, while Asian markets took a downturn following Wall Street’s best week in a year. China’s latest economic stimulus package fell short of investor expectations, creating mixed reactions worldwide. European Markets Open Higher European stocks rose in early trading: Meanwhile,
Gold Prices Dip from Near-Record Highs Amid Uncertain US Fed Rate Cut Expectations
Gold Price Update On September 7, 2024, gold prices dropped from near-record highs due to mixed US job data, which has cast doubt on a significant interest rate cut by the Federal Reserve. After approaching a peak of $2,531 per ounce, gold prices
Pakistan’s Foreign Exchange Reserves Climb to $9.4 Billion
On September 5, 2024, the State Bank of Pakistan reported that its foreign exchange reserves totaled approximately $9.4 billion as of August 30. This marks an increase of $33 million from the previous week. The bank also noted that net foreign reserves held
China Stock Market Set for More Losses Amid Global Economic Worries
Market Overview The Chinese stock market has been declining for several days, losing about 40 points or 1.4%. The Shanghai Composite Index is now just above 2,800 points and is expected to fall further on Wednesday. Global Impact Global economic concerns are affecting