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Belgian PM: US remains NATO's most important ally despite criticism
Belgian Prime Minister De Wever stated that the United States remains NATO's largest and most important ally, despite presidential criticism, and that Europe's 80-year security dependence on the US does not change.
Belgian PM Questions Iran Military Operation Planning
Belgian Prime Minister De Wever stated that preventing Iran from developing nuclear weapons is justified, but questioned whether the military operation was well planned and executed, noting it appears to be proceeding poorly.
Belgian PM: Iran Situation Unpredictable, Heavy Burden on Global Economy
Belgian Prime Minister De Wever described the Iran situation as extremely unpredictable with rapid shifts, adding that the conflict appears to be going nowhere and represents a very heavy burden on the global economy.
Belgian PM: NATO Article 5 Covers Defense Only, Not Offensive Actions
Belgian Prime Minister De Wever stated that NATO's Article 5 obliges allies to defend each other if attacked, but does not require participation in unilateral offensive actions by one member, warning such expectations are not in NATO's spirit.
Rubio Invites 60+ Nations to Antifa Terrorism Meeting Amid Skepticism
US Secretary of State Marco Rubio has invited officials from more than 60 countries to a meeting on transnational far-left terrorism, with a focus on Antifa. The initiative has drawn skepticism from US officials, European allies, and terrorism experts who argue Antifa is a decentralized movement, not an organized terrorist organization.
CFTC Chair Calls CME's 24/7 Crude Oil Futures Self-Certification 'Wholly Inappropriate'
CFTC Chair Mike Selig stated that CME's self-certification of a 24/7 crude oil futures contract is inappropriate, and the regulator will stay the contract.
Whipsaw in Rate Expectations After Payrolls and Strait of Hormuz News
Market expectations for a December rate hike reversed course over five sessions after a weak payrolls print, then rebounded on renewed geopolitical tensions in the Strait of Hormuz.
European Natural Gas Holds Up as Storage Tight – ING
ING analyst Warren Patterson notes that European natural gas prices have held up better than oil due to modest LNG supply recovery and disrupted Middle East flows. Heatwaves have boosted demand, leaving storage just above 50%, well below the five-year average.
Dip Buying Continues in Equities Amid Mideast Tensions
Equity markets saw continued dip buying as overnight Middle East attacks intensified but a lack of dramatic rhetoric today fueled hopes the conflict may be contained.
Silver Price Forecast: XAG/USD Snaps Losing Streak but Stays in Bearish Channel
Silver rebounds from a three-day losing streak on Thursday, supported by a weaker US Dollar and falling Treasury yields, but remains trapped in a bearish channel.
Chinese investors record largest monthly gold ETF outflow in June at $2.22B
Chinese investors withdrew a record $2.22 billion from gold ETFs in June, marking the largest monthly outflow as risk appetite improved amid equity gains and a weaker gold price.
Nordea: ECB September Rate Hike Prospects Remain Firm
Nordea analyst Jan von Gerich believes the European Central Bank is likely to continue tightening, with the outlook heavily dependent on Middle East developments and energy prices.
BNY: IMF Cuts 2026 Global Growth Forecast to 3.0%
BNY's Geoff Yu notes that the IMF has lowered its 2026 global growth projection to 3.0%, with uneven impacts on energy exporters, tech economies, and low-income importers, suggesting a rotation theme.
Fed's Williams: Inflation 'Far Too High,' Policymakers Debating Scenarios
New York Fed President John Williams stated that inflation remains 'far too high' and noted that policymakers are actively debating different inflation scenarios influenced by energy prices.
US Participation Drop Masks Labor Market Slack – ABN AMRO
ABN AMRO analyst Rogier Quaedvlieg warns that falling U.S. labor force participation is hiding underlying weakness, making the headline unemployment rate less reliable.
US indices open higher with S&P 500 up 0.13%
Wall Street’s main indexes opened modestly higher on the day, with the S&P 500 adding 10.10 points to 7,492.81.
DBS Sees Tactical Opportunity in Indian G-Secs After Yield Sell-Off
DBS economist Sherilyn Chew notes renewed geopolitical risk lifted Asian yields but sees Indian G-Secs as offering a tactical opportunity, arguing the sell-off is macro repricing with domestic fundamentals intact.
Silver Elliott Wave Analysis Points to Decline After Zig Zag Pattern
Technical analysis using Elliott Wave theory suggests silver (XAGUSD) may face further downside after completing a short-term zig zag recovery pattern, with bearish sequences still incomplete on daily charts.
Qatar Pauses LNG Revival After Tanker Attack in Strait of Hormuz
Qatar has halted efforts to rapidly restart production at the world's largest LNG facility after an attack on one of its tankers in the Strait of Hormuz raised concerns about transit safety.
Fed Minutes Show Hawkish Hold, Societe Generale Cites Divergent Inflation Paths
Societe Generale's Jan Groen comments on the June FOMC minutes, which confirm a hawkish hold and reveal a split in the SEP regarding future rate moves.
Volkswagen Works Council Chief Vows No Site Closures, Blames Management
Volkswagen's Works Council Chief Cavallo stated that there will be no plant closures under his watch, asserting that workers are not responsible for the industry crisis and that management must deliver competitive products.
BNY: Strait of Hormuz Risks Keep Oil Prices Supported
BNY's Geoff Yu notes that oil prices remain supported as shipping through the Strait of Hormuz nears a standstill and ceasefire risks increase. iFlow data shows energy equities flows stabilizing after recent profit-taking.
Fed Minutes Highlight Supply-Driven Inflation Risks
TD Securities strategists note the June FOMC minutes showed rising concern over inflation risks, particularly supply-driven factors, while the U.S. labor market remains strong.
WTI Crude Slips Below $74 on Profit-Taking, Geopolitical Risks Curb Losses
West Texas Intermediate crude fell nearly 2% on Thursday as traders booked profits after a recent rally, though ongoing Middle East tensions prevented a steeper decline.