OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the...
US stocks soared on Friday after Fed Chair Powell signaled the possibility of a September rate cut during his Jackson Hole speech, sparking the strongest cross-asset rally since April. The S&P 500 and Nasdaq climbed 1.5% and 1.9%, respectively, while the Dow Jones surged 846 points to a...
Russian President Vladimir Putin expressed optimism about improving relations between Russia and the United States during a visit to a nuclear research center on Friday. Putin stated there was "light at the end of the tunnel" in Russia-U.S. relations following his recent summit with U.S....
In today's trading, the USD/JPY currency pair showed significant movement. After strengthening to a two-month high above 148.00 on Friday, August 22, 2025, USD/JPY experienced a sharp decline as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole...
Investors cheered Federal Reserve Chair Jerome Powell's Jackson Hole address, which gave a green light to buy risky assets on the hope the central bank is ready to cut rates, but took his dovish message with a note of caution as they see a risk of stagflation ahead and worry markets are...