Japan’s petrol subsidies are draining funds at 300bn yen a month while yen intervention nears IMF limits, putting Tokyo’s fiscal and currency strategy on a collision course, Reuters Breakingviews argues. Summary: A Reuters column by Hudson Lockett argues that Japanese Prime Minister Sanae Takaichi faces a fundamental contradiction between her energy subsidy programme and her
Key takeaways US futures edged lower in the early Asian session: Donald Trump rejected Iran’s latest peace response, dampening hopes for a formal US-Iran agreement and keeping geopolitical risk premiums elevated. Stronger-than-expected US April jobs data: Reinforced the “higher for longer” interest rate narrative, reducing expectations for Federal Reserve rate cuts in 2026 and supporting
The UK and France will co-chair a 40-nation defence ministers’ meeting Tuesday on plans to restore Hormuz shipping, hours after Iran warned any foreign warships would face a decisive response. Summary: The UK and France will on Tuesday co-chair a virtual meeting of more than 40 nations to advance military plans for a multinational mission
Iran Hormuz sovereignty claim Summary: Iranian state media reported that the U.S. proposal amounted to a demand for Iran to surrender to what it characterised as excessive American demands, per Iranian state media Iran’s own proposal was said to stress the need for the United States to pay compensation for war damages inflicted on Iran,
Iranian state media: US proposal amounted to Iran surrendering to Trump’s excessive demands Iran’s proposal stressed the need for the United States to pay compensation for war damages and emphasized Iran’s sovereignty over the Strait of Hormuz You can catch up here if needed: Iran demand Trump says no Iran rejects Trump This article was
Monday open indicative forex prices, 11 May 2026. USD bids. As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, investingLive Exclusive 16m ago Source link
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Sat: Chinese Trade Mon: Chinese Inflation (Apr), Norwegian Inflation (Apr) Tue: BoJ SOO (Apr), IEA STEO (May), EU Informal Meeting of Energy Ministers (May 12-13), Japanese Household Spending (Mar), German HICP Final (Apr), Italian Industrial Production (Mar), German ZEW (May), US Inflation (Apr) Wed: BoC Minutes (Apr), EIA OMR (May), OPEC MOMR (May), Riksbank Minutes
Last updated: May 9, 2026 Market bias: Mildly bullish repair, not confirmed bullish expansion Bitcoin is trading with a constructive short-term bias after buyers defended the repaired value area near 80,000. The current BTC price forecast improves while price holds above 79,000-79,500, but a stronger bullish signal still requires acceptance above the 82,500-82,800 resistance zone.
Markets spent last week aggressively chasing the AI-driven equity rally while largely ignoring geopolitical tensions in the Middle East. Despite renewed uncertainty over a promised peace deal, stocks surged to new records while Dollar weakened broadly on strong risk appetite. S&P 500 followed NASDAQ to fresh records, while Asia’s major technology-heavy benchmarks exploded higher as
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Markets: WTI crude oil down 7 cents to $94.76 US 10-year yields down 3.2 bps to 4.36% Gold up $30 to $4716 S&P 500 up 0.8% GBP leads, USD lags The tech optimism is at a fever pitch as the Nasdaq climbed for the sixth straight week, adding 30% in that time and another 5%
As we look toward the week starting May 10, the focus remains on geopolitical nut markets, which are also debating whether central banks will follow the market’s hawkish lead or if a reality check is overdue. This makes for interesting viewing and will likely lead to significant market movement. US: The Fed’s Final Changing of
The WSJ is out with the latest leak on US-Iran negotiations: Talks could resume as early as next week Iran remains against transferring nuclear material Iran and the US working with mediators to formulate a 14-point MOU that would set the parameters for a month of talks to end the war The US would ‘wind
Sulfuric acid problems increase supply-side risk The rise in copper prices is being driven not only by strong demand prospects, but also by concerns over the availability of raw materials needed for its processing. Particular market attention is focused on sulfuric acid, which is used in the copper refining process. The conflict in the Middle
