United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan's tour of Gulf countries is aimed at coordinating positions after Tuesday's Israeli attack on Hamas leaders in Doha, his diplomatic adviser said on Thursday. "The President's Gulf tour reflects a deep conviction in strengthening coordination and cooperation, and in reinforcing the concept of a common destiny," Anwar Gargash said in a post on X. Israel attempted on Tuesday to kill Hamas political leaders in an airstrike on the Qatari capital, escalating its military campaign in the Middle East and prompting a flurry of...
President Volodymyr Zelenskiy will urge stronger pressure on Moscow when he meets with allies in Denmark and France on Wednesday after Russian forces launched a massive airstrike on Ukraine, damaging energy and transport infrastructure. Russia launched more than 500 drones and dozens of missiles, hitting infrastructure at 14 locations across the country and injuring four railway workers, regional and Ukrainian military officials said. "This is clearly a demonstrative attack by Russia. Only because of the lack of adequate pressure, especially on Russia's war economy, does this aggression...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide data on changes in the number of job openings in July, along with the number of layoffs and resignations. Markets expect the number of job openings to decline slightly to 7.4 million in July, compared to 7.437 million in June. The JOLTS will be released a few days before another important employment report, the August Nonfarm Payrolls data, which will be released on Friday. The latest BLS US employment report showed that nonfarm payrolls rose...
Australia's Gross Domestic Product (GDP) rose 0.6% QoQ in the second quarter (Q2) of 2025 compared with the 0.3% growth in the first quarter (revised from 0.2%), the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in stronger than the expectations of 0.5% expansion. The annual second-quarter GDP grew by 1.8%, compared with the 1.4% growth in Q1 (revised from 1.3%), while above the consensus of a 1.6% increase. Market reaction to Australia's GDP data The upbeat Australia GDP report provides some support to the Australian Dollar (AUD). The AUD/USD pair is...
U.S. President Donald Trump on Monday doubled down on his criticism of India, calling trade ties with the country "a totally one sided disaster!" after Indian Prime Minister Narendra Modi visited China to attend the Shanghai Cooperation Organization summit. Trump in a post on Truth Social also said that India had offered to cut its tariffs to zero, but it was "getting late," and that the country should have done so "years ago," without elaborating on when such an offer was made. This comes against the backdrop of the U.S. imposing 50% tariffs on the country, including secondary duties of...
U.S. President Donald Trump expressed disappointment with Russian President Vladimir Putin and indicated his administration plans to take action regarding casualties in the Ukraine war. "I am very disappointed in President Putin, I can say that, and we will be doing something to help people live," Trump said Tuesday during an interview on The Scott Jennings Radio Show. Meanwhile,Trump not concerned about China-Russia axisU.S. President Donald Trump stated he is "not concerned at all" about a potential axis forming against the United States that includes China and Russia. Trump made these...
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.
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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...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...