The Australian monthly Consumer Price Index is foreseen stable at 2.1%. Quarterly CPI inflation is expected to have modestly decreased in Q2. The Reserve Bank of Australia kept the OCR at 3.85% at its May meeting. The Australian Dollar is set to post lower lows vs its American rival. Australia will release inflation updates on Wednesday, two weeks ahead of the Reserve Bank of Australia (RBA) monetary policy meeting, scheduled for August 11-12. The Australian Bureau of Statistics (ABS) will publish two different inflation gauges: the quarterly Consumer Price Index (CPI) for the second...
Gold was steady as traders watched for signs the conflict in the Middle East could widen to include the US, while also awaiting an interest-rate decision by the Federal Reserve later in the day. President Donald Trump declined on Wednesday to say whether the US plans to join Israel's military offensive on Iran. He met with his national security team on Tuesday, fueling speculation that the US may join Israel's attack. Ahead of the Fed's rate decision, the latest US data showed jobless claims ticked down last week, stabilizing near the highest levels in...
The Australian Dollar is paring some of Tuesday's losses, favoured by a mildly weaker US Dollar on Wednesday. The pair, however, remains unable to consolidate above 0.6500 with investors cautious amid geopolitical tensions ahead of the US Fed monetary policy decision. The Israel-Iran war reaches its sixth day with Tel Aviv pounding the Islamic Republic tirelessly and the US threatening to get involved after President Trump demanded the unconditional surrender of Tehran´s authorities. Concerns about a widespread regional war and its potential impact on commodity prices and on global...
Oil prices fell on Wednesday, after a gain of 4% in the previous session, as markets weighed up the chance of supply disruptions from the Iran-Israel conflict and as they ponder a direct US involvement. Brent crude futures fell 93 cents, or 1.2%, to $75.52 a barrel by 0918 GMT. U.S. West Texas Intermediate crude futures fell 88 cents, also 1.2%, to $73.96 per barrel. U.S. President Trump warned on social media on Tuesday that U.S. patience was wearing thin, and called for an "unconditional surrender" from Iran. While he said there was no intention to kill Iran's leader Ayatollah Ali...
Gold prices are likely to be supported by central bank purchases, Julius Baer's Carsten Menke says in a research note. Central banks have doubled their average annual purchases to 1,000 tons from 500 tons since the start of the Ukraine war, Menke says. He adds that the main motivations are gold's status as a crisis asset, a portfolio diversifier and a store of value. "While de-dollarization is not a motivation, most central banks still believe that the share of U.S. dollars in their reserves is set to shrink," he says. Spot gold is down 0.15% at $3,384.54/oz. Source : Dow Jones...
Oil prices rose in Asian trade on Wednesday, extending a 4% gain from the previous session amid concerns that the Iran-Israel conflict could disrupt supplies. Brent crude rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT. U.S. West Texas Intermediate crude rose 35 cents, or 0.5%, to $75.19 a barrel. U.S. President Donald Trump on Tuesday called for Iran's "unconditional surrender" as the Iran-Israel air war entered its sixth day. The U.S. military is deploying more warplanes to the region to bolster its forces, three officials said on Tuesday. Analysts said the market is mostly...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
U.S. President Donald Trump said on Tuesday that India will likely face trade tariffs of 20% to 25%, although a deal is yet to be finalized.
The tariff level is far greater than the 15% duties...