Market news
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US Debt Hits $39 Trillion: Financial Repression Coming, Gold as Hedge
As US national debt exceeds $39 trillion, analysts warn of an unsustainable economic trajectory and potential financial repression, positioning gold as the only viable hedge.
Brent Oil Jumps on Gulf Tensions, Speculators Trim Longs: ING
Brent crude oil prices surge as geopolitical tensions escalate in the Persian Gulf and Strait of Hormuz transit slows. Despite the rally, speculators have reduced net long positions in ICE Brent futures, ING analysts report.
Goldman Sachs: Gulf Oil Exports Face Short-Term Hormuz Risk, Long-Term Pipeline Hedge
Goldman Sachs' latest commodities research highlights the tension between the Strait of Hormuz's immediate risk to Gulf oil exports and the region's long-term strategy to reduce that dependency via pipeline infrastructure.
Japan No Immediate Plan to Change GPIF Asset Allocation
Japan has no immediate plans to alter the target asset allocation of its Government Pension Investment Fund (GPIF), but is considering using existing allowable ranges to increase investment in domestic assets.
Financial Repression May Boost Gold Amid $39T US Debt
A new analysis suggests the US could turn to financial repression to manage its $39 trillion debt, potentially making gold a major beneficiary.
Asian Stocks Slip on Renewed US-Iran Tensions; KOSPI Leads Decline
Asian equity markets fell on Monday as renewed geopolitical tensions between the US and Iran dampened risk appetite, with South Korea's KOSPI index leading the losses.
Hungary Clears Hurdle for €10 Billion EU Funds After Ecofin Approval
The EU's Economic and Financial Affairs Council approved Hungary’s revised recovery and resilience plan, unlocking approximately €10 billion in grants and concessional loans.
Oil Rises, Stocks Slip on Renewed Hormuz Tensions
Oil prices climbed and equity futures softened as markets reacted to fresh US strikes against Iranian targets near the Strait of Hormuz. Treasuries fell and the dollar strengthened.
US Inflation, Retail Sales in Focus This Week
Markets will closely watch US core inflation data and retail sales this week for clues on the Federal Reserve’s next policy steps.
Denmark Retail Spending Nearly Flat in June, Services Soft
Denmark's retail spending excluding energy was broadly unchanged in June, rising just 0.1% month-on-month after adjusting for seasonality and prices, while the year-on-year change showed a 4.3% increase.
WTI Crude Oil Climbs Above $74, Bearish Bias Remains Below Key Levels
West Texas Intermediate crude oil prices rose above $74 during Asian trading, though the bearish bias persists as long as the price stays below the 23.6% Fibonacci retracement and 200-EMA.
Iran's Army Vows Full Force Response, Reports Drone Operations Against US Bases
Iran's army has vowed a full force response and reported continued drone operations against US bases, with state media alleging US aggression against civilian infrastructure and warning of retaliation for further actions.
US and Iran Each Claim Control of Strait of Hormuz After Weekend Attacks
The United States and Iran both asserted control over the Strait of Hormuz on Monday following a weekend of attacks across the Middle East, escalating tensions and threatening diplomatic efforts to end the war.
CENTCOM Launches New Strikes on Iranian Military Targets Near Hormuz
US Central Command announced a fresh wave of strikes against Iranian military assets, including air defense, coastal radar, missile, and drone sites, aimed at reducing threats to shipping in the Strait of Hormuz.
Iran's IRGC Claims Destruction of US Drone Command Center in Bahrain
Iran's Islamic Revolutionary Guard Corps (IRGC) claims to have destroyed a US drone command center at the Sheikh Isa Air Base in Bahrain, according to Fars News. The strike allegedly hit the drone fleet command center, aircraft hangar, and maintenance facilities, with Tehran stating the 'reciprocal operation' is ongoing.
Gold Drops Below $4,100 as US-Iran Strikes Spur Inflation Concerns
Gold price (XAU/USD) declined to near $4,070 during early Asian trading on Monday, extending losses as fresh US-Iran military strikes fuel inflation fears.
US Launches Three-Hour Strikes on Iran in Strait of Hormuz
The US Central Command conducted strikes on Iranian capabilities in the Strait of Hormuz lasting over three hours. President Trump stated the action was to hold Iran accountable.
Fonterra Seeks Approval to Retain Whareroa Plant Co-Generator Status
Fonterra is seeking regulatory approval to retain the Whareroa plant's co-generator status after acquiring Nova Energy's 50% stake, becoming sole owner from August 1. The plant uses four gas turbines to supply steam and electricity, with surplus power fed into the grid.
Wall Street Urges Tech Firms to Slow AI Borrowing Spree
Wall Street is advising tech companies to curb their aggressive borrowing for AI infrastructure investments, according to a WSJ report.
FundedNext Opens Two New Futures Lanes With Rapid Pro And Rapid Daily, Ditching The Daily Loss Limit
FundedNext launched two new futures evaluation products, Rapid Pro and Rapid Daily, removing the daily loss limit and consistency rule and paying a 90% profit share.
Gold Falls as US-Iran Strikes Lift Energy Prices, Fed Rate Expectations Rise
Gold prices declined after renewed U.S.-Iran strikes drove energy prices higher, reinforcing expectations that the Federal Reserve may keep interest rates elevated.
US Launches Additional Strikes Against Iran, CENTCOM Says
The US Central Command announced fresh strikes on Iran on Sunday, aiming to weaken its ability to attack civilian vessels in the Strait of Hormuz, according to Bloomberg.
Strait of Hormuz Flare-Up Triggers Shock Rise in Crude Oil
A sudden geopolitical escalation in the Strait of Hormuz has sent crude oil prices sharply higher, reversing recent gains that had pushed the commodity below $70 a barrel and kept gasoline under $4 per gallon.
US Futures Dip as Iran Closes Strait of Hormuz; Oil Jumps
US stock futures opened slightly lower after Iran declared the Strait of Hormuz closed again. Crude oil surged 2.5–3%, while gold edged down.