Denmark’s business confidence improved for the first time in four months in June, figures from Statistics Denmark showed on Monday. The overall business confidence index, which combines expectations in industry, construction, retail trade, and services, rose to 103.3 in June from 103.0 in May. Among the four underlying confidence indicators, the industrial confidence index showed some resilience […]
Asian markets opened the week lower following the US military strikes on Iranian nuclear sites, marking a dramatic escalation in the Middle East. However, losses were limited and short-lived, with major indexes across the region quickly recovering earlier declines. Oil prices also staged a muted response. While WTI spiked on the news, the rally has
The USD/CAD outlook is positive amid dollar’s safe-haven demand. Escalating Iran-Israel conflict and rising oil prices support the pair. Diverging economic outlook limits the gains. The USD/CAD outlook gains traction on Monday, posting fifth consecutive winning streak on Monday. The pair moved above the mid-1.3700 area on Monday ahead of European session. The price opened
Risk-off sentiment returned in today’s Asian session following a renewed spike in geopolitical risk premiums. This was driven by US President Trump’s reversal over the weekend, abandoning his earlier “two-week grace period” and authorizing airstrikes on three Iranian nuclear enrichment facilities. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached
The open saw risk sentiment gap lower with WTI crude jumping to as high as $77 before falling back. Now, oil prices are still up 1% on the day but well off the earlier highs. It’s all about trying to price in what has happened and what might happen. Volatility is the name of the
The data is here from earlier, muuch improved from May: Japan Jibun bank PMI manufacturing June 2025 preliminary 50.4 (prior 49.4) Recap of the report I didn’t get a chance to look at earlier. In brief: Japan’s private sector showed further signs of recovery in June, with the flash composite PMI rising to 51.4 from
US markets close mixed amid Iran intervention concerns US equity markets closed mixed on Friday in cautious trading ahead of potential US intervention in the Iran-Israel conflict. For the week, the US 500 (S&P 500) finished 0.15% lower, while the US Tech 100 (Nasdaq 100) fell 0.02% and the Wall Street added 9 points (0.02%). US
RBC analysts warn against complacency in assessing risks to maritime transport through the Strait of Hormuz, stressing that Iran retains significant retaliatory capabilities. “Iran has the ability to meaningfully retaliate by hitting individual tankers and ports,” they said, pushing back on the notion that disruptions hinge solely on a dramatic escalation. The situation, they argue,
In June 2025, Australia witnessed a slight yet noteworthy uptick in its services sector, as indicated by the latest Judo Bank Services PMI figures. Released on June 22, the Purchasing Managers’ Index (PMI) demonstrated a modest improvement, rising from 50.6 in May to 51.3 in June. This development marks a transition into growth territory, providing
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Nikkei carries the report: Trump seeks Japan, South Korea, Australia leaders meeting at NATO summit Summit to include Japanese Prime Minister Shigeru Ishiba, South Korean President Lee Jae myung, NATO Secretary-General Mark Rutte Trump regards the meeting as an opportunity for the U.S. and European members of NATO to expand security cooperation The NATO meeting
This content is restricted to subscribers
Early Reports Positive on Iran Nuclear Strikes; Uranium Stockpile Status Unconfirmed U.S. and Israeli assessments suggest it may take another day or two to fully understand the results of the coordinated strikes on Iran’s nuclear sites, including Fordow and others. Preliminary impressions are positive, with speculation that much of Iran’s enriched uranium may have been
What Are Weekend Markets? Weekend markets are broker-generated synthetic CFDs designed to simulate real asset prices (e.g., crude oil, NASDAQ 100, gold, forex pairs) during hours when official exchanges are closed. These are often labeled as: “Weekend Dow” “Weekend Crude Oil CFD” “After-hours NASDAQ CFD” “24/7 market trading” These products are not traded on any
U.S. President Donald Trump announced on social media that the United States has completed what he called a “very successful attack” on three nuclear sites in Iran — Fordow, Natanz, and Esfahan. According to Trump’s post, a full payload of bombs was dropped on the primary target, Fordow, and all aircraft involved have exited Iranian
MON: EZ/UK/US Flash PMIs (Jun). TUE: NBH Announcement, German Ifo (Jun), Canadian CPI (May), US Richmond Fed (Jun). WED: BoJ Summary of Opinions, CNB Announcement, PBoC MLF, Australian CPI (May). THU: Banxico Announcement, German GfK Consumer Sentiment (Jul), US Durable Goods (May), US GDP Final (Q1), US PCE Final (Q1). FRI: Japanese Tokyo CPI (Jun),
This content is restricted to subscribers
