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Gold Tests $4,300 as Profit-Taking Extends Decline
Gold is under pressure early Friday, testing $4,300 as a corrective pullback stretches into a second day amid profit-taking.
Latvia Issues Air Threat Alert; Finland Restricts Air and Sea Traffic
Latvia has activated an air threat alert in its southeast near the Russian and Belarusian borders, while Finland has restricted air and sea traffic, Reuters reported.
US Full-Time Employment Falls for Fourth Straight Month in July
US full-time employment dropped by 106,000 in July to 133.55 million, the lowest since December 2024, while the full-time share of total employment slipped to 82.4%.
WTI holds below $80.50 as traders watch Hormuz diplomacy
WTI crude is trading around $80.30 in Asian hours on Friday, staying subdued for a third straight day as markets monitor diplomatic efforts to reopen the Strait of Hormuz.
July CPI Cools, Easing Pressure on Fed to Hike Again
The July CPI report showed a slight cooling in inflation, strengthening expectations that the Federal Reserve may hold off on another rate increase.
US Runs Largest Monthly Budget Deficit in Five Years
The Trump administration posted the biggest monthly U.S. budget deficit in five years, with tariff revenue not enough to offset heavy spending.
Asian Stocks Advance as Cooling US Inflation and Cheaper Oil Ease Fed Fears
MSCI's Asia Pacific gauge rose 0.4% and South Korea's KOSPI jumped nearly 3% after softer US inflation signals and lower oil prices weakened the case for a September Fed hike.
Iran Says Strait of Hormuz Is Under Its Control
IRGC official Hossein Taeb said Thursday that Iran controls and manages the Strait of Hormuz, following President Trump's claim that Washington has 'total control' over the waterway.
Japan Flow Data: Domestic Buyers Boost Foreign Assets, Foreigners Sell Japanese Securities
Weekly flow data show Japanese investors bought ¥963.5 billion of foreign stocks and ¥1,629.4 billion of foreign bonds, while foreign investors sold Japanese equities and bonds.
Japan PM warns visit may further strain Russia relations
Japanese Prime Minister Sanae Takaichi cautioned that the visit risks deepening already strained Japan-Russia ties and making long-term reconciliation harder.
Japan PM condemns Putin visit to disputed Kuril island
Japan's Prime Minister Sanae Takaichi condemned Vladimir Putin's visit to Iturup, one of the four disputed Kuril Islands, calling it incompatible with Japan's position.
Turkmenistan Hosts 7 of 12 Largest Methane-Emitting Oil and Gas Sites
UN satellite data identifies Turkmenistan as home to 7 of the 12 largest methane-emitting oil and gas sources, linked to roughly 236,750 tonnes of annual emissions.
Norway Sovereign Fund Posts Record $184.3B H1 Profit on AI-Led Tech Gains
Norway’s $2.3 trillion sovereign wealth fund reported a record $184.3 billion first-half profit, driven by strong returns in AI-related equities.
US Energy Secretary: Iran Holding World Economy Hostage via Hormuz
U.S. Energy Secretary Wright says Iran is trying to hold the world economy hostage, with 8–9 million barrels of oil moving through the Strait of Hormuz daily.
Fed's Goolsbee Sees Inflation Improving as Shocks Fade
Chicago Fed President Austan Goolsbee said the disinflation process is evolving as earlier shocks fade.
Trump Orders US Navy to Return to Steam Catapults on Future Ford-Class Carriers
President Trump has directed the US Navy to abandon the electromagnetic launch system on future Ford-class aircraft carriers and return to steam catapults, starting with the fourth ship, according to WSJ.
Australia PM: AUKUS Pact 'Full Steam Ahead' After Trump Call
Australian Prime Minister Anthony Albanese said he spoke with President Donald Trump overnight and reviewed advancements on the AUKUS defence agreement.
White House Orders Steam and Hydraulic Systems for Carrier CVN-81
The White House said President Trump directed the Defense Secretary to replace electromagnetic launch systems and weapons elevators with traditional steam and hydraulic systems during construction of CVN-81.
Trump signs memo to address Navy shipbuilding and ship repair issues
The White House said President Trump signed a national security memorandum aimed at fixing long-term problems in Navy shipbuilding and ship repair, with the Pentagon told to invest more directly in the American shipbuilding industrial base.
US sets 15% tariff on drones from EU, Japan, Korea and others
The White House announced new tariffs on drones and components from several key trading partners, with a lower rate for the UK.
White House says Trump signed tariffs on drones and parts
The White House said President Trump signed a proclamation imposing tariffs on drones, their parts and components, with a 100% ad valorem rate on certain sensitive drones and 25% on smaller drones without those capabilities.
North Korea Vows to Expand Nuclear Deterrent Over US Policy
Pyongyang says it will keep building its nuclear arsenal and warns that a new US nuclear posture could first be applied on the Korean Peninsula.
Saudi Crown Prince Meets US Central Command Commander on Defense Ties
Saudi Arabia's Crown Prince met with the commander of U.S. Central Command to discuss mutual defense cooperation and regional de-escalation, according to Saudi state media.
Fitch Warns US Fiscal Pressures Will Rise as Medicare and Social Security Costs Expand
Fitch expects US fiscal pressures to increase as Medicare and Social Security spending grows by nearly 1 percentage point of GDP by 2032, while political gridlock and government shutdowns could become more frequent and longer-lasting.