To implement support to curb household utility, gas bills from July to September Will allocate ¥500 billion from reserves for related subsidies Will compile extra budget of more than ¥3 trillion To create new budget reserves to address impact of higher energy costs caused by Middle East conflict Will issue new deficit financing bonds to […]
Gold and Silver rebounded notably today as oil prices extended their sharp decline and markets cautiously increased bets that at least a US-Iran ceasefire expansion/extension may be approaching. US Secretary of State Marco Rubio acknowledged as much in New Delhi, saying there was a “pretty solid thing on the table” involving reopening the strait and
Finland’s producer price inflation accelerated in April to the highest level in more than three years, led by higher prices of refined petroleum products and basic precious and other non-ferrous metals, data from Statistics Finland showed on Monday. The producer price index climbed 4.6 percent year-on-year in April, faster than the 2.6 percent rise in
Monday starts off quietly, with no major scheduled economic events for the FX market. Many countries in Europe and the U.K. will have a bank holiday while the U.S. will observe Memorial Day. On Tuesday, Japan will release the Bank of Japan core CPI y/y, while the U.S. will get the CB consumer confidence index.
Litecoin doesn’t get the same room noise as Bitcoin. It doesn’t have Ethereum’s developer drama, Solana’s speed narrative, or the meme-cycle energy that keeps newer tokens popping up on trading desks for a week and disappearing the next. And yet, LTC keeps showing up. It’s still listed almost everywhere. It still trades with real liquidity.
US equities rise on Iran deal optimism United States (US) equity markets closed higher on Friday, bolstered by fresh signs of diplomatic progress towards a US–Iran deal. For the week, the Dow Jones surged 1054 points (+2.13%), notching a new intraday record high along the way. The Nasdaq 100 added 1.22% for its seventh advance in eight
US Secretary of State Marco Rubio says Washington will give diplomacy every chance on Iran but will pursue other means if a good deal cannot be reached, while describing the current framework as solid. Marco Rubio, Secretary of State Summary: Rubio said the US would give diplomacy every opportunity to succeed before considering alternative approaches,
Outside developments surrounding the US-Iran negotiations, this week’s largest FX event risks may come from Oceania, where traders face a potentially divergence between the policy outlooks of the Reserve Bank of New Zealand and Reserve Bank of Australia. While the RBNZ is widely expected to leave the Official Cash Rate unchanged at 2.25% on Tuesday,
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Monetary Authority of Singapore (MAS) officials say Singapore’s monetary policy stance remains appropriate and domestic interest rates should hold broadly stable, even as global rate uncertainty persists following a strong Q1 GDP print. investingLive Exclusive 1h ago Source link
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
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The very large crude carrier cleared the Gulf of Oman into the Arabian Sea with around 2 million barrels of Iraqi crude bound for China. Most tankers remain stranded in the Persian Gulf following Iran’s effective closure of the Strait of Hormuz in late February. Earlier: The outline of a deal exists signing still days
A senior US official says an Iran deal is around 95% complete but will not be signed for several days, with Iran receiving no sanctions relief until its nuclear stockpile is handed over. Summary: Source: senior US administration official via Sky (?) The deal is roughly 95% complete but remains unsigned, with final language still
Global markets are entering the new week facing an important question: did US President Donald Trump just announce the beginning of real peace in the Middle East, or merely a ceasefire extension in a still-dangerous conflict? Trump said on Saturday that a major agreement with Iran had been “largely negotiated” and that a formal Memorandum
The week is ended with markets focused squarely on the growing tension surrounding Iran, as negotiations entered what officials described as a critical stage. Mediators including Pakistan, Qatar, and Saudi Arabia worked urgently to secure at least a temporary framework agreement aimed at preventing renewed U.S. and Israeli military action. The diplomatic effort is centered
Market participants endured an absolute rollercoaster of emotions over the past five sessions, navigating a landscape that violently whipsawed between extreme fear and sudden euphoria. The week kicked off with intense anxiety as the United States firmly rejected an initial Iranian diplomatic offer, a move that immediately spiked crude oil prices and threatened to reignite
