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♋ Cancer Daily Horoscope for July 10, 2025

♋ Cancer Daily Horoscope for July 10, 2025

UAE Moments10-07-2025
Love & Relationships
The Capricorn Full Moon brings your close connections into focus. Expect clarity in your romantic or family bonds—now's the moment to open up and strengthen what matters most.
Career & Ambition
With career energy pulsing under today's Full Moon, new responsibilities may land on your desk. You've got this—step up and lead, but be mindful not to burn out.
Finance & Security
Keep it steady. Your instinct says play it safe—avoid big spending or speculative bets today. Balance your emotional insights with practical budgeting.
Health & Well-Being
Manage emotional highs by tapping into calm routines. Whether a walk or quiet time, nurture yourself amid today's intense vibes.
Other Highlights
Your intuition and nurturing vibe make you a dependable anchor for those around you. Show up and speak your heart—it's your strength today.
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Gold falls from two-week highs as dollar ticks up
Gold falls from two-week highs as dollar ticks up

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Gold falls from two-week highs as dollar ticks up

Gold slipped from a near two-week high on Tuesday as the dollar firmed, though losses were capped by bolstered bets on Federal Reserve rate cuts. Spot gold was down 0.5% at $3,354.56 per ounce, by 1220 GMT. Bullion hit its highest since July 24 on Monday at $3,385.29. U.S. gold futures also fell 0.5% to $3,408.20. The dollar index rose 0.2% from a one-week low hit earlier in the session, reducing gold's appeal to other currency holders. Data on Friday showed employment growth in the U.S. slowed more than anticipated in July, with payroll revisions for May and June slashing a hefty 258,000 jobs from previous tallies. The CME FedWatch tool now puts the odds of a September cut at nearly 88%, up from 63% a week earlier, with markets largely pricing in at least two quarter-point reductions this year. "What gold needs to move higher from here is probably (another) weaker U.S. economic data... The other item gold is watching is who U.S. President Trump names as next Fed Governor, potentially the successor of Federal Reserve chairman Jerome Powell," said UBS commodity analyst Giovanni Staunovo. Trump's dismissal of the labour statistics chief following the weak payrolls report, coupled with news that he will appoint a new Fed governor, added to uncertainty. Trump also threatened to lift tariffs on Indian goods beyond last month's 25% hike, citing India's continued purchases of Russian oil. Gold, long seen as a safe haven in times of political and economic uncertainty, typically performs well in a low-interest-rate environment. "I still do not see traders pushing up aggressively above the $3,450 level unless we have a very clear catalyst," OANDA senior market analyst, Kelvin Wong, said. Elsewhere, spot silver rose 0.2% to $37.45 per ounce, platinum lost 1.1% to $1,314.50 and palladium shed 1.8% to $1,184.94. South Africa-based miner Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of U.S. supplies. (Reporting by Sherin Elizabeth Varghese and Anushree Mukherjee in Bengaluru; additional reporting by Sarah Qureshi; Editing by Susan Fenton and Ed Osmond)

US trade deficit narrows to $60.2bln in June
US trade deficit narrows to $60.2bln in June

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US trade deficit narrows to $60.2bln in June

The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods. The overall trade gap narrowed 16.0% in June to $60.2 billion, the Commerce Department's Bureau of Economic Analysis said on Tuesday. Days after reporting that the goods trade deficit tumbled 10.8% to its lowest since September 2023, the government said the full deficit including services also was its narrowest since September 2023. Exports of goods and services totaled $277.3 billion, down from more than $278 billion in May, while total imports were $337.5 billion, down from $350.3 billion. The diminished trade deficit contributed heavily to the rebound in U.S. gross domestic product during the second quarter, reported last week, reversing a drag in the first quarter when imports had surged as consumers and businesses front-loaded purchases to beat the imposition of Trump's tariffs. The economy in the second quarter expanded at a 3.0% annualized rate after contracting at a 0.5% rate in the first three months of the year, but the headline figure masked underlying indications that activity was weakening. Last week Trump, ahead of a self-imposed deadline of August 1, issued a barrage of notices informing scores of trading partners of higher import taxes set to be imposed on their goods exports to the U.S. With tariff rates ranging from 10% to 41% on imports to the U.S. set to kick in on August 7, the Budget Lab at Yale now estimates the average overall U.S. tariff rate has shot up to 18.3%, the highest since 1934, from between 2% and 3% before Trump returned to the White House in January. (Reporting by Dan Burns; Editing by Andrea Ricci)

Surge in hiring in Saudi Arabia, despite slower regional non-oil business growth
Surge in hiring in Saudi Arabia, despite slower regional non-oil business growth

The National

time2 hours ago

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Surge in hiring in Saudi Arabia, despite slower regional non-oil business growth

The rate of hiring in Saudi Arabia rose sharply in July in response to strong domestic demand, despite slower non-oil business activity growth in the region's biggest economies. The Riyad Bank Purchasing Managers Index report dropped to 56.3 in July, from 57.2 in June, but remained well above the 50 mark that separates growth from contraction in the non-oil private sector. However, the rate of business activity growth eased to its lowest since January 2022. "Saudi Arabia's non-oil economy remained on a solid growth track in July, supported by higher output, new business and continued job creation," said Naif Al-Ghaith, chief economist at Riyad Bank. The latest survey showed a historically steep rise in employment at the Arab world's second-biggest economy, as companies responded to higher activity and new orders by hiring more staff in July, the report said on Tuesday. This followed June's fastest uplift in job numbers over the past 14 years. Increased hiring was driven partly by a rise in backlogs of work, as some businesses found existing contract work and constrained capacity held up the completion of new orders, the report said. "Employment conditions are expected to stay supportive, helping firms manage future workloads," Mr Al-Ghaith said. However, input cost pressures continued as wages and purchasing prices continued to rise, prompting companies to raise selling prices, particularly in services, construction and manufacturing, he added. The International Monetary Fund estimated Saudi Arabia's economy will expand at a 3.6 per cent pace in 2025 and 3.9 per cent in 2026, supported by the continued phase-out of Opec production cuts. The kingdom is expected to keep its non-oil growth above 3.5 per cent over the medium term, which mirrors the positive effects led by its Vision 2030 economic programme, the Washington-based lender said. In July, non-oil companies' output grew on the back of existing projects and incoming new orders that helped to sustain growth, according to qualitative survey reports. However, output growth eased to its lowest rate in three and half years due to higher competition and lower customer footfall, the survey said. Orders also grew, driven by domestic demand and increased efforts by sales teams to fulfil orders. However, companies faced difficulties in attracting new foreign clients, leading to a decrease in new export orders for the first time in nine months. Cost pressures eased slightly in July, despite steep rises in labour costs. Salary expenses rose sharply, underlined by efforts to retain workers and offer bonuses. Looking ahead, expectations for future business activity in July "softened notably" from June's two-year high, although in general businesses expect output to increase due to "resilient market conditions" and strong client demand, the report said. Overall optimism was the lowest recorded since July 2024. UAE growth Meanwhile in the UAE, non-oil business conditions grew at their weakest level since June 2021 as geopolitical tension weighed on sales, according to S&P. The seasonally adjusted S&P Global UAE Purchasing Managers' Index dropped to 52.9 in July, from 53.5 in June, the report on Tuesday said. "New order volumes helped firms to expand, but this trend is declining, with the latest data indicating the softest rise in incoming new work in almost four years," said David Owen, senior economist at S&P Global Market Intelligence. Companies partly attributed this slowdown to the Israel-Iran tension that flared in June, which made some clients hesitant to spend. They also highlighted weaker tourism activity and headwinds from global trade disruption. Firms blamed more crowded markets for the increasing difficulty in securing new orders. "Should regional tensions ease, we may see a recovery in sales growth in the coming months," Mr Owen said. "Nevertheless, the ongoing trends of rising competition, limited inventory, constrained hiring growth and relatively low confidence among surveyed firms suggest that downside risks remain elevated.' Despite the demand slowdown, companies received higher new orders in July compared to the previous month but the upturn was the least amount recorded since August 2021. July data showed softening of job growth at non-oil companies in the UAE. Employment rose slightly, marking the weakest uplift in four months, coinciding with a steeper rise in backlog orders. In Dubai, the business and tourism hub of the Middle East, the non-oil sector showed a solid recovery, with its PMI rising to 53.5 in July from 51.8 in June, driven by a sharper improvement in sales volumes. The outlook Looking ahead, UAE non-oil companies remained optimistic in July, driven by hopes of strengthening demand levels. However, the degree of confidence eased slightly, as some companies highlighted risks stemming from global economic uncertainty and heightened competition. In Egypt, non-oil business conditions deteriorated for the fifth consecutive month in July, but the decline was less severe than in June. This was because companies reported softer contractions in activity and new orders, while employment increased for the first time in nine months, according to the S&P Global Egypt PMI report. The headline PMI rose to 49.5 in July from 48.8 in June, remaining below the 50 mark. The outlook for business remained at a historically subdued level in July, as companies continued to express concerns about demand strength and broader economic uncertainty, the report said. Optimism in July improved only slightly from June's record low.

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