China stockpiles oil as Trump tariff shock hits crude prices
Imports surged in March and continued to accelerate despite concerns global economy will weaken
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Trump insists tariff war is ‘doing really well’ as recession fears mount
Wall Street experts warn of continued economic turbulence as countries scramble to make deals with US president
Donald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.
As the US president said his aggressive tariffs strategy was “moving along quickly”, a close-watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high.
EUR/USD – Great Technical Analysis – Monday, April 21, 2025
EUR/USD Market Summary The EUR/USD pair continued its sharp rally from late last week, breaking through multiple resistance zones and reaching a peak near 1.1575 earlier today. After this aggressive bullish momentum, the pair has started showing signs of exhaustion near the upper range, facing rejection from a major supply zone. While the overall trend…
Nvidia expects $5.5bn hit as US tightens chip export rules to China
The chip manufacturing giant, which has been at the heart of the AI boom, will require licences to export its H20 AI chip to China.
Saudi-led Opec+ expands production despite falling oil prices
Oil cartel agrees to add 411,000 barrels a day for the second consecutive month