President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his administration had "succeeded where many others have failed," calling this the eighth war he has ended in less than a year. However, the reality on the ground is far more complicated, as fighting in eastern Congo continues despite the signing of the previous peace agreement. The agreement is not just about a ceasefire; it also concerns the mineral trade. The agreement grants US companies access...
The ISM Manufacturing PMI for the US fell to 48.2 in November 2025, the lowest in four months, compared to 48.7 in September and below forecasts of 48.6. The reading showed that the manufacturing sector contracted for the ninth consecutive month and at a faster pace, led by pullbacks in supplier deliveries (49.3 vs 54.2), new orders (47.4 vs 49.4) and employment (44 vs 46), with 67% of panelists (the same as October) indicating that managing head counts is still the norm at their companies, as opposed to hiring. Also, price pressures intensified (58.5 vs 58) and backlog of orders decreased...
US President Donald Trump has rekindled economic debate after stating that his administration could eliminate the income tax entirely and replace it with revenue from import tariffs. According to Trump, increasing tariffs on foreign goods could generate significant government revenue, making it a primary source of federal revenue without burdening citizens with income taxes. This statement immediately drew scrutiny from economists and market participants. Some considered the idea overly ambitious, given that income taxes are one of the US government's largest sources of revenue. Relying on...
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...
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...
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...
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed...