Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
The dollar extended its gains for a third day on Wednesday, its longest winning streak since September 19. Most G-10 currencies weakened on the day, with the Canadian dollar outperforming the rest. The Bloomberg Dollar Spot Index rose less than 0.1%, up nearly 0.8% in three days. USD/JPY jumped 0.4% to 152.56, rising for the fifth straight day and posting its longest winning streak since December. EUR/USD fell for a third day to 1.1634, its lowest level in a month. GBP/USD fell for a second day to 1.3409. USD/CAD retreated to 1.3945, falling for the third time in four days. US data on...
Oil prices rose more than 1% on Wednesday (October 8th), boosted by a smaller-than-expected production increase from the OPEC+ producer group next month, although concerns about oversupply limited further gains. Brent crude futures rose 82 cents, or 1.3%, to $66.27 a barrel at 09:45 GMT. U.S. West Texas Intermediate crude rose 85 cents, or 1.4%, to $62.58. Benchmark crude prices were relatively stagnant in the previous session as investors weighed signs of oversupply against a smaller-than-expected November production increase from the Organization of the Petroleum Exporting Countries...
Gold surged above $4,000 an ounce for the first time on Wednesday (October 8th) as investors flocked to the safe haven asset's historic rally to protect themselves from global economic and geopolitical uncertainty, while also betting on a US interest rate cut. Spot gold rose 1.3% to $4,034.59 an ounce at 09:31 GMT. US gold futures for December delivery rose 1.3% to $4,056.80. Silver also followed gold's rally, rising 2.2% to $48.85 an ounce, just above its all-time high of $49.51. The rally was driven by a combination of factors, including expectations of interest rate cuts, continued...
Silver prices (XAG/USD) rose to around $48.65 in early European trading on Wednesday (October 8th). The metal strengthened slightly, approaching a 14-year high amid growing expectations of a Fed rate cut and the ongoing US government shutdown. The US government shutdown entered its eighth day on Wednesday. The increased level of uncertainty could drive safe-haven inflows, supporting silver prices. US President Donald Trump said on Tuesday that his administration plans to lay off federal employees if the shutdown continues beyond Monday, adding that he would provide details on the layoffs in...
Wednesday, October 8, 2025 - The Australian dollar weakened to around US$0.656, extending its decline as the US dollar continued to strengthen. Safe-haven demand for the greenback increased as the US government shutdown entered its second week, while President Trump's threat of mass layoffs further diminished hopes for a resolution. Global risk sentiment also declined, pressuring high-beta currencies like the Aussie. On the policy front, markets reduced expectations for near-term RBA easing after last week's hawkish tone. Futures prices now price in a 35% chance of a 25 bps cut in November...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...