Gold prices briefly strengthened after the release of US economic data, which sparked an initial market reaction. The data fueled speculation that economic pressures persisted, prompting investors to temporarily turn to gold as a safe haven. This increase was short-lived, especially in early trading after the data was released. However, entering the US session, gold prices came under pressure again. The strengthening US dollar and rising bond yields diminished gold's appeal. Furthermore, profit-taking following the initial surge also weighed on prices, causing gold to reverse its decline...
According to a report from the US Department of Labor released on Thursday (September 25), the number of Americans filing new applications for unemployment insurance rose to 218k for the week ending September 21. This latest figure is higher than expected and lower than the 232k in the previous week. Source: Newsmaker.id
President Donald Trump warned Tuesday at the UN General Assembly that the U.S. is prepared for a "very strong round of powerful tariffs" if Russia does not agree to end the war in Ukraine. He criticized European nations for continuing to purchase Russian energy, saying, "They are funding the war against themselves," and argued that the EU must join Washington in imposing tariffs for them to be effective. While Europe has reduced Russian energy imports since the war began, Hungary and Slovakia remain key buyers of oil, and France, Belgium, and Spain still import natural gas, albeit at lower...
US President Donald Trump warned Russia on Tuesday that he was prepared to impose strong economic measures if it failed to end the war in Ukraine, and rejected global moves to recognize the state of Palestine in a bellicose speech before the UN General Assembly. In a wide-ranging foreign policy speech that included scathing criticism of the United Nations and European nations, Trump argued for lowering global migration and said world leaders must halt efforts to combat climate change, which he called the world's "biggest scam." Overall, the 56-minute speech was a rebuke of the world body...
The S&P Global US Manufacturing PMI eased to 52 in September 2025 from an over three-year high of 53 in August, in line with market forecasts, preliminary estimates showed. Output expanded for a fourth month, yet the increase was significantly softer than August's 39-month high. New orders increased for the ninth month but growth was only marginal, partly due to higher export losses from tariffs. Manufacturing job growth edged down, with input inventories rising at a softer pace. Meanwhile, lead times lengthened to the greatest degree in four months. On the price front, input prices...
A highly anticipated meeting between the U.S. and Chinese presidents is more likely to take place next year than this fall, U.S. Ambassador to China David Perdue said Tuesday. "We're looking forward to getting together, as President Trump said, and potentially in the near future, but certainly next year," Perdue said. His comments came during a press conference with a group of U.S. lawmakers on a rare visit to Beijing the first since 2019. After a call Friday with Chinese President Xi Jinping, U.S. President Donald Trump said on social media that the two agreed to meet around a...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing Managers' Index (PMI) declining to 51 from 53.5. This reading came in worse than the market expectation of 52.7. In this period, the Manufacturing PMI fell to 46.2 from 47, while the Services PMI edged lower to 51.9 from 54.2. Commenting on the survey's findings, "September's flash UK PMI survey brought a litany of worrying news including weakening growth, slumping overseas trade, worsening business confidence and further steep job losses," said...
Germany's HCOB Manufacturing PMI slipped to 48.5 in September 2025, down from 49.8 in August, surprising market expectations for stabilization at 50. The reading signaled the steepest contraction in four months. Production continued to expand but at the softest pace in two months, while new orders fell for the first time in four months, marking the sharpest decline since January. Export sales also dropped for a second consecutive month. Firms relied on existing backlogs to support output, though outstanding business was depleted at the fastest rate in nine months. Employment fell further,...
Wolfe Research said the latest call between U.S. President Donald Trump and Chinese President Xi Jinping underscored a thaw in relations but cautioned that tariff relief is unlikely in the near term. The firm described the September 19 call as the capstone to "a week of positive noises on the US-China relationship," with both sides issuing upbeat readouts. Trump highlighted Xi's approval of the TikTok deal framework and "productive" talks on trade, fentanyl, and Russia-Ukraine. Beijing's statement was "pragmatic, positive, and constructive" but also warned that "the US side should avoid...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....