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Libya's 2 million bpd oil production goal advances with US diplomatic push
Libya is on track to reach 2 million bpd oil output amid U.S. efforts to bridge political divides. Higher production could help ease global supply fears.
China Extends Gold Buying Streak to 21 Months
China has increased its state gold reserves for the 21st consecutive month, reinforcing its strategy to diversify away from the U.S. dollar and bolster financial stability.
Iran and Oman Reportedly Agree to Reopen Strait of Hormuz
Iran and Oman have reached an agreement to reopen the strategic Strait of Hormuz after weeks of bilateral talks, with Tehran stating that the United States played no role in the negotiations.
Rabobank Sees Volatile Range Trading for Oil Amid US-Iran Tensions
Rabobank analyst Joe DeLaura notes that renewed US-Iran tensions and Strait of Hormuz disruptions have caused a sharp rally and subsequent correction in Brent and WTI crude, suggesting volatile range trading ahead.
Copper Holds Near Record Highs on Tight Supply, ING Says
Copper prices are trading comfortably above $14,000 per tonne, close to record levels, supported by tariff-related stockpiling into the US and tight global supply, according to ING.
Gold holds breakout gains ahead of US payrolls, OCBC says
Gold has retained most of its recent gains after breaking key resistance, according to OCBC analysts. Support came from lower oil prices, softer bond yields, and continued central bank and ETF buying.
When Good News Becomes Bad News for Markets
Markets are seeking a delicate balance of growth, disinflation, and confidence, but too much good news can sometimes trigger negative reactions.
Brent Crude Rallies Above $82 on US-Iran Tensions, ING Says
ICE Brent has moved back above $82 per barrel as obstacles to a US-Iran deal persist, according to ING analysts. Iranian demands around the Strait of Hormuz add to the upward pressure.
WTI Edges Higher to Near $78 as Middle East Tensions Offset Hormuz Hopes
West Texas Intermediate crude futures rose to around $77.80, paring recent losses, as escalating conflict risks in the Middle East counteracted optimism over a potential reopening of the Strait of Hormuz.
ECB: CEE household loan growth solid in H1 2026
ECB data shows household lending growth remained solid across Central and Eastern Europe in the first half of 2026, though some countries like Croatia and Romania saw a moderation.
Markets on edge ahead of US jobs data amid Mid-East tensions
Asian markets traded cautiously on Friday as investors weighed Middle East tensions and awaited the key US nonfarm payrolls report.
Brent Crude Rallies Past $83 as Iran-Oman Strait Proposal Surprises
Brent crude oil rose above $83 a barrel, reversing the week's earlier losses, as reports of a draft Iran-Oman parliamentary proposal threaten stricter shipping conditions through the strategic strait.
Saudi Arabia Threatens to Intensify Strikes Against Houthis
Saudi Arabia is warning of an escalation in military operations against Iran-aligned Houthi forces after cross-border attacks on the southern Najran province.
Gold Finds Fresh Demand Ahead of US Nonfarm Payrolls Report
Gold prices edged higher in Asian trading on Friday, recovering from a pullback after hitting seven-week highs near $4,304. Traders remain cautious before the US Nonfarm Payrolls data release.
US Household Equity Holdings Hit Record $74 Trillion
US household equity holdings have surged to an all-time high of $74 trillion, up $48 trillion since 2020, with the equity-to-GDP ratio also reaching a record 232%.
Putin May Test NATO with Limited Attack in Coming Years: WSJ
Intelligence assessments suggest Russian President Vladimir Putin might attempt to test NATO's unity with a limited attack on a member state within the next few years, according to a Wall Street Journal report citing sources.
WTI Crude Steady Near $77.50 as Middle East Tensions Flare
West Texas Intermediate crude held around $77.50 per barrel as escalating tensions in the Middle East stoked concerns over potential supply disruptions.
Asian Markets Gain, Led by South Korea, as Focus Shifts to US Jobs Data
Asian equities moved higher on Friday, with South Korea's benchmark rising 1.3%, as investors shrugged off geopolitical concerns and continued to favor tech shares. Wall Street remained under pressure after two down days, while US futures stabilized ahead of the July nonfarm payrolls report.
Brent crude climbs above $83 on Strait of Hormuz uncertainty
Brent crude extended gains above $83 a barrel amid doubts over a lasting deal to reopen the Strait of Hormuz, while the 10-year US yield rose to 4.68%, bolstering Fed rate hike expectations.
Payrolls Data Eyed as Alphabet, Kirin, Deepseek Highlight Corporate Activity
Economists expect 80,000 new U.S. jobs in Friday’s payrolls report, following June's weak 57,000. Meanwhile, Alphabet plans a $25 billion bond sale, Kirin acquires Jamieson Wellness, and Chinese AI startup Deepseek reportedly seeks nearly $8 billion in fresh funding.
Asia-Pacific Stocks Mixed After Wall St Slips; Earnings, China Trade, Payrolls Eyed
Asia-Pacific equities opened mixed following a weak session on Wall Street. Investors are looking ahead to corporate earnings, Chinese trade data, and the U.S. non-farm payrolls report.
Turkey, Saudi Arabia, Pakistan to Sign Joint Defense Accord on Friday
Turkey, Saudi Arabia, and Pakistan are set to sign a joint defense accord on Friday in Riyadh, with Turkish President Erdogan traveling to finalize the deal alongside Saudi Crown Prince Mohammed bin Salman and Pakistani PM Shehbaz Sharif.
Gold Slips as Houthi Attack Raises Broader War Fears
Spot gold slid 0.2% to $4,237.05 an ounce while silver fell 0.9%. A large-scale Houthi attack on Saudi-backed Yemeni forces stoked worries of a wider conflict, but gold remains down nearly a fifth since the U.S.-Iran war started.
Gold Snaps Three-Day Winning Streak as Oil Surge Reignites Inflation Fears
Bullion fell as much as 0.5% on Tuesday, pressured by a rally in oil prices and bond yields driven by escalating Middle East tensions. The moves clouded the Fed's rate outlook and revived speculation of further tightening.