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Gold and silver typically struggle when real interest rate expectations rise, because holding non-yielding metal becomes more expensive relative to interest-bearing assets. The latest jobless claims figures pointed to continued labour market resilience, which markets read as reducing the case for near-term rate cuts.

The pullback in bitcoin fits a wider move away from risk across markets. Rising geopolitical tension and higher government bond yields have pushed investors to safer assets, and cryptocurrencies have tended to trade in line with broader risk appetite during periods of stress.

The ECB left its policy rate at 2.25% and signalled caution over the inflationary effect of surging oil prices. By holding steady while flagging unresolved risks, the central bank left markets uncertain about the direction of its next move.

The Red Sea strikes matter because they hit a corridor that was already carrying traffic diverted from other routes. With the Strait of Hormuz operating close to a standstill, the Red Sea had become an alternative artery for a share of seaborne crude and …

STMicroelectronics fell 17.5% after disappointing results, a steep move that dragged on the wider technology sector. Semiconductor shares have been sensitive to any sign of weaker demand or margin pressure, and a decline of this magnitude points to a meaningful gap between reported figures …

Tesla shares fell 14% after the company reported its first cash burn in two years. The result drew attention to the rising cost of the company's AI and infrastructure commitments at a time when investors are increasingly focused on free cash flow rather than …

The move in yields tracks the sharp rise in crude prices, which markets read as a fresh source of inflation. When energy costs climb quickly, they filter through to a wide range of goods and services, complicating the outlook for central banks.