Reuters Morning Bid

The Fed holds steady and markets shrug. Oil and gold climb as Iran tensions return. Meta earnings surge while Microsoft slides.

Today’s recommended read: Europe’s euro worry a mirror of US dollar dilemma?, by Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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The dollar nurses steep losses and President Trump says it’s “great.” The Fed steps into its first policy meeting of the year under intense scrutiny over inflation, independence, and who might replace Jerome Powell. And Microsoft and Meta’s latest earnings put fresh focus on how the AI boom is reshaping Big Tech.

Today’s recommended read: Be careful what you wish for on a weaker dollar, by Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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Trump signals he could hike tariffs on South Korea, unsettling regional markets. Microsoft’s latest AI hardware sparks fresh questions over who leads the chipmaking race. And a U.S. winter storm drives energy prices sharply higher amid production shutdowns.‌

Today’s recommended read: World's 'middle powers' de-risking from America, Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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Gold hits an unprecedented $5,000 as safe‑haven demand, central‑bank buying and political uncertainty intensify. Traders eye possible coordinated action to prop up the yen. And rising trade friction returns as Trump threatens 100% tariffs on Canada over a China trade arrangement.

Today’s recommended read: Battle for the Fed' heats up to challenge rate horizon, Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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The Fed isn’t expected to make any changes to interest rates, but all eyes are on the central bank’s chair, Jerome Powell, as President Trump ramps up the pressure. And with four of the Magnificent Seven reporting this week, markets will find out whether the AI boom still has momentum.

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard and Ethan Plotkin

Sound engineering and music by Sebastian and Josh Sommer

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