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Iranian Forces 'Opened Gates of Uprising,' Telegram Post Claims
A Telegram post claims Iranian forces under Supreme Leader Mojtaba Khamenei have “opened the gates of uprising for the oppressed,” likening operations to early Islamic battles.
Modi Warns Weaponised Resources, Sea Routes Threaten India's Economic Security
Prime Minister Narendra Modi said some countries are weaponising resources and strategic sea lanes, posing risks to India’s economic security and highlighting the need for greater energy self-reliance.
Iran Says Oman Talks Focus Only on Hormuz Navigation
Iranian Foreign Minister Abbas Araghchi said technical discussions with Oman are limited to shipping through the Strait of Hormuz and are separate from wider diplomatic negotiations.
Silver Steadies Near $64.70 as Rising Yields Cap Recovery
Silver edged up 0.39% on Friday to around $64.70, though firmer US Treasury yields limited gains despite softer US data.
US Consumer Delinquencies Stay Elevated as Student Loans Hit Post-2020 High
Serious delinquency rates across US student loans, credit cards, and auto loans remain historically elevated, with student loan delinquencies reaching their highest level since Q1 2020.
US Treasury Yields Climb as Firm Oil Offsets Soft Retail Sales
Treasury yields advanced on Friday as stronger oil prices offset disappointment from weaker-than-expected US retail sales.
Jane Street Reports $15 Billion Loss in July Amid Situational Awareness Collapse
Jane Street disclosed a $15 billion loss for July to lenders as part of a deal to shift its $11 billion public debt pile to private investors, according to the Financial Times.
US Retail Sales Up 5% Year-Over-Year, Gasoline Contribution Fades
Headline US retail and food services sales were 5% higher than a year ago, but gasoline station receipts have now fallen for two months and accounted for nearly a quarter of the annual gain.
Chinese Gold Investment Demand Resilient in Q2 Despite Sideways Prices
Chinese physical gold investment demand stayed resilient in the second quarter, even as gold traded sideways after a sharp first-quarter price correction.
US Dollar Speculative Longs Hit $48 Billion, Highest Since 2015
Speculative long positioning in the US dollar has climbed to $48 billion, the most since 2015, after more than quadrupling over the past three months.
US Ties NATO Defense Support to Trump Policy Loyalty
Washington has sent NATO members a questionnaire to assess their alignment with Donald Trump's foreign policy, making US conventional defense support conditional on political loyalty.
Dutch PM urges farmers to keep tractors off highways after deadly protests
Rob Jetten called on farmers to avoid national highways after anti-environmental-policy demonstrations disrupted traffic and led to accidents that killed two people.
US Consumers Most Bullish on Stocks Since April 2021
A July survey shows 41.4% of US consumers expect stock prices to be higher one year from now, the strongest reading since April 2021.
Gold's Rally Faces Key Test as Yields and Oil Slide
Gold is testing its 100-day moving average after dropping 1.3%, diverging from falling Treasury yields and weaker oil prices.
US Presses Canada to Drop Retaliatory Measures Before Tariff Deadline
Washington says Canada must remove retaliatory measures to avoid additional tariffs, with both sides still negotiating before the Aug. 19 deadline.
Fed's Goolsbee Wants More Evidence Before Declaring Inflation Cooling
Chicago Fed President Austan Goolsbee says recent US inflation improvements are encouraging, but he needs several more months of similar data before becoming confident inflation is sustainably heading toward the 2% target.
Housing Starts Rebound in June but Construction Trend Still Cooling
June housing starts rose after a prior-month decline, helped by multifamily projects, but residential construction is expected to keep scaling back.
European Natural Gas Seen Structurally Tighter Than Oil: Commerzbank
Commerzbank analyst Norman Liebke highlights a structurally tighter European natural gas balance versus oil, citing Qatari LNG disruptions and US cargo redirection.
US labor force participation falls to lowest since May 2020
The US labor force participation rate slipped to 61.4% in July, the weakest since May 2020, as 264,000 people left the workforce.
Trump Says Missionary Kevin Rideout Back in US Custody After West Africa Kidnapping
President Trump announced that American missionary Kevin Rideout is back in US custody after being kidnapped in West Africa, calling the region the epicenter of Islamist terrorism.
Copper rally pauses as Chinese demand signal softens
Commerzbank notes the copper rally is pausing as a softer Chinese demand signal offsets falling LME inventories and trimmed output guidance from a major producer.
China July Data Expected to Stay Sluggish as LPR Holds
ING’s Lynn Song expects China’s July activity data to show continued weak momentum, with retail sales at 1.7% year-on-year and fixed asset investment contracting further.
Gold Rallies to Early-June High as Fed Hike Bets Fade
Gold has climbed to its strongest level since early June as markets reduce expectations for additional Federal Reserve rate increases, according to Commerzbank.
Nordea Expects Three More Fed Rate Hikes on Labour Strength
Nordea analysts argue the Federal Reserve is likely to deliver three additional rate hikes over coming quarters, citing labour market strength as a key factor in bringing inflation back to target.