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 Bank of Japan (BoJ) is widely expected to leave short-term interest rates unchanged at 0.5% after its two-day June monetary policy review ends on Tuesday (6/17). With no quarterly economic projections due, all eyes will be on the BoJ's plan to taper its purchases of Japanese government bonds (JGBs) and hints on the timing of its next rate hike. The BoJ's policy announcement is likely to fuel volatility around the Japanese yen (JPY). What to expect from the BoJ's rate decision? The BoJ is set to extend the pause in its rate-hike cycle to a third straight month in June, keeping its...
US President Donald Trump called for the evacuation of Iran's capital, Tehran, on Monday, hours after urging the country's leaders to accept a deal to curb its nuclear program as Israel signaled that attacks would continue, according to Bloomberg "Iran should sign the 'deal' I asked them to sign," Trump wrote in a social media post from a Group of Seven leaders summit in Alberta, Canada. "What a disgrace, and a waste of human lives. Simply put, IRAN SHOULD NOT HAVE NUCLEAR WEAPONS. I've said it over and over again! Everyone should evacuate Tehran immediately!" (alg) Source: FXstreet
With just days to go until the Federal Reserve delivers its rate decision due Wednesday, expectations for the Fed to lean more dovish are gaining traction following a string of cooler inflation reports but Barclays is pushing back, warning it's much too early for a Fed pivot as tariff-induced inflation is just a matter of time. "Although May's inflation estimates were soft, we retain our view that it is just a matter of time until cost-push pressures from tariffs feed through to consumer prices," Barclays' analysts said, cautioning, "we do not expect the FOMC will take much signal" from the...
Iran called on U.S. President Donald Trump on Monday to force Israel to cease fire as the only way to end the four-day-old aerial war, while Israeli Prime Minister Benjamin Netanyahu said his country was on the "path to victory". Israeli forces stepped up their bombardment of Iranian cities, while Iran proved capable of piercing Israeli air defences with one of its most successful volleys yet of retaliatory missile strikes. "If President Trump is genuine about diplomacy and interested in stopping this war, next steps are consequential," Iran's Foreign Minister Abbas Araqchi said on...
European Union Council President Antonio Costa called for a "constructive position" with the United States on trade tariffs to prevent a trade war, speaking on Monday ahead of a G7 meeting in Canada. Costa emphasized that if the EU faced discriminatory measures, it would need to respond, noting that "the European Commission is prepared to respond, particularly in trade matters." "We have to keep nerves of steel. I have great hope that, in the end, some line of rationality will guide political action... as no tariff will increase U.S. exports of goods or services to Europe," Costa said in a...
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...