Geopolitical Escalation Fuels Risk Aversion; Dollar Still Lags Despite BounceRisk aversion dominates global markets today as geopolitical tensions in the Middle East intensify, though the broader equity selloff has remained contained so far. The trigger came early Friday when Israel launched a series of airstrikes deep into Iranian territory, ...
Markets Slide as Israel Strikes Iran, Safe Havens ClimbAsia-Pacific equities slumped today after Israel launched a military strike on Iran, targeting nuclear facilities and escalating geopolitical tensions in the region. The strike, which came without US support, was followed by a sharp vow of retaliation from Tehran. The ...
Sterling Slides on Poor UK GDP, While Dollar Struggles Under Trade UncertaintySterling came under renewed pressure at the start of European session, triggered by a deeper-than-expected contraction in UK GDP for April. Services sector, the economy’s dominant component, posted its first monthly decline since October. Nine out of 14 services subsectors ...
Dollar Drops on CPI Miss; Trade Optimism Offers Limited SupportDollar fell broadly following weaker-than-expected US inflation report for May, reinforcing the narrative that consumer prices have not yet felt the full brunt of tariff pressures. The data offered some relief that the feared pass-through from tariffs to end consumers ...
Fragile Trade Progress and CPI Ahead Keep Risk Appetite in CheckAsian equities edged modestly higher on Wednesday, lifted by the announcement that US and Chinese officials reached a “framework” to implement the Geneva trade consensus and advance commitments made in the latest Trump-Xi phone call. While officials from both sides ...
Sterling Slumps as UK Jobs Data Fuels August BoE Rate Cut BetsSterling is sold off notably today after dismal UK labor market data intensified expectations of a BoE rate cut in August. The most striking element was the -109k drop in payrolled employment—the largest non-pandemic decline since records began in 2014—coupled ...
Aussie Firmer in Quiet Markets as US-China Trade Talks ContinueGlobal markets remain in a state of cautious anticipation as high-level trade negotiations between the US and China continue for a second day in London. While there’s no definitive outcome yet, mild optimism lingers. Asian equities reflected that mood, with ...
Markets Hold Breath as US-China Trade Talks ResumeThe cautious optimism in Asia failed to spill into European markets, as investors turned cautious ahead of today’s US-China trade talks in London. While no one expects a sweeping resolution to the broader trade conflict, hopes are centered on incremental ...
Markets Eye US-China Trade Talks for Fresh CatalystAsian equity markets opened the week on a positive note, supported by cautious optimism surrounding the high-stakes US-China trade negotiations in London. US Treasury Secretary Scott Bessent, along with Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, are meeting ...
Job Data and US-China Rapprochement Fuel Dollar Rebound ProspectsRisk sentiment improved last week, driven by the solid US non-farm payroll report that helped ease fears of a deepening slowdown. Adding to the optimism was a thaw in US-China relations. While no concrete breakthrough emerged, the fact that both ...
Dollar Rebounds as NFP and Wages Beat Forecasts, Tariff Impact Yet to MaterializeDollar staged a firm comeback today following slightly better-than-expected non-farm payroll figures, with job growth at 139k and wage growth coming in strong at 0.4% mom. While not a blowout report, the data was enough to alleviate immediate concerns of ...
Markets Eye NFP as Trump-Xi Call Fails to Lift SentimentThere was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial optimism quickly faded, with major ...
Euro Firms as ECB Lagarde Stays Confident; Silver Surges on Shift from US AssetsEuro surged against Dollar after ECB President Christine Lagarde struck a relatively confident tone in her post-meeting press conference. She downplayed immediate trade war fallout, stating that U.S. tariffs would likely impact growth more in 2026, by which time EU ...
Markets Unshaken by Weak US Data, Await Guidance from ECBThe US markets remain remarkably steady overnight despite a string of soft US economic releases overnight. Disappointing job and services data failed to trigger any meaningful selloff in equities, while Dollar edged slightly lower. Market pricing for Fed policy remains ...
Muted Trading Persists as Trump Pressures Fed after ADP MissTrading remains subdued as markets drift into the US session, with little conviction across asset classes. US futures dipped slightly after a dismal ADP employment report showing only 37k job additions in May, sharply below expectations. Still, the reaction was ...
Subdued Markets Drift as Tariff Tensions Resurface and BoC Decision LoomsGlobal markets remain subdued as investors struggle to find a firm direction. US stocks closed higher overnight, with NASDAQ extending to fresh multi-week highs, suggesting some resilience in tech-led risk appetite. Asian equities followed suit to some extent, but the ...
Euro Slips on Softer CPI, But Trading Largely ListlessThe currency markets remain largely listless today, with all major pairs and crosses still trapped within last week’s ranges. Euro edged slightly lower following the release of Eurozone CPI data, which showed inflation falling below the ECB’s 2% target for ...
Dollar Struggles, Gold Rally Stalls, Trade Uncertainty Caps ConvictionGlobal markets remain mixed, reflecting a cautious investor mood amid heightened trade uncertainty and a lack of clear directional drivers. US stocks closed modestly higher overnight, reversing losses from earlier in the session. Asian equities broadly followed the rebound, seemingly ...
Trade Tensions Drag Dollar While Oil Jumps on OPEC+ HoldRisk sentiment remains fragile as the US session gets underway, with equity markets under pressure from renewed tariff threats. European stocks are particularly heavy after US President Donald Trump threatened to double tariffs on imported steel. UK equities, however, are ...
