The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers. "Due to a cooling issue at the CyrusOne data center, our markets are currently suspended," a CME spokesperson said in an emailed statement early Friday morning. "Our support team is working to resolve this issue and will update clients with pre-open details as soon as they are available." The CME the world's largest exchange operator by market value trades futures and options contracts for a variety of asset classes, including agricultural commodities,...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to end the conflict in Ukraine, but that if not, Russia would continue fighting. US President Donald Trump has long said he wants to end the war in Ukraine, Europe's deadliest conflict since World War II, but his efforts so far, including a summit with President Vladimir Putin in Alaska in August, have not yielded peace. A leaked 28-point US peace plan emerged last week, alarming Ukrainian and...
Deutsche Bank forecasts the U.S. dollar will weaken approximately 6% on a trade-weighted basis by the end of 2026, according to a new report released by the bank's foreign exchange strategists. The bank's analysis indicates that the "Trump shock" to the dollar has concluded, but several fundamental factors still point to dollar weakness ahead. These include current valuations, balance-of-payments dynamics, and monetary-policy cycles, which collectively support a bearish outlook for the greenback. Deutsche Bank specifically highlights the widening U.S. current account deficit as a key...
Initial jobless claims in the US fell by 6,000 from the previous week to 216,000 on the period ending November 22nd, a third consecutive drop to tie the lowest level since February, and below market expectations of an increase to 225,000. In the meantime, continuing claims tose by 7,000 from the downwardly revised value in the first week of November. The results continued to reflect a low magnitude of new unemployment claims in the US economy, although elevated levels of outstanding insurance suggest a slowdown in hiring. Initial claims filed by former employees of the Federal government...
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting record tariff revenue offset by the shift of some November benefit payments to last month's data, the Treasury Department said Tuesday. Budget results for the first month of fiscal 2026 were delayed by the 43-day shutdown of many federal agencies, which caused delays in some payments, such as government employee salaries, a Treasury official said. Last month's deficit rose $27 billion, or 10%, from the $257 billion deficit recorded in October 2024,...
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...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...