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Rabobank: Hormuz Strains Keep Oil Prices Elevated
Rabobank strategist Benjamin Picton points to recurring Strait of Hormuz tensions as a key factor pushing oil prices higher.
Iran Warned of Hardship, Unrest if No US Deal in 60 Days
Former Foreign Minister Zarif cautioned that Iran could face further economic hardship, domestic unrest, or renewed military attacks without a final agreement with the US within the proposed 60-day negotiating period.
HSBC: Fed Data-Driven Path as Markets Price September Cut
HSBC strategists note the Federal Reserve kept rates unchanged in July and stress its data-dependent stance. Markets now price a two-thirds likelihood of a September cut.
Marex Group closes acquisition of Webb Traders
Marex Group completed its acquisition of Webb Traders, a European equity derivatives market maker. The deal adds technology-led options market making and electronic trading capabilities to the Nasdaq-listed group.
WTI Crude Slumps 7.4% to Near $78.50 Amid US-Iran Ceasefire Talks
West Texas Intermediate futures fell 7.4% to around $78.50 during Monday’s European session as reports of renewed ceasefire negotiations between the US and Iran pressured oil prices.
Brent Crude Tumbles $7 on Renewed US-Iran Peace Talks
Oil prices dropped sharply after President Trump called off a planned attack on Iran and announced a new round of peace talks.
Fed’s Williams Confident Inflation Will Return to 2% Target
New York Fed President John Williams expressed confidence that inflation is on track to reach the central bank's 2% target, in a Reuters interview released Monday.
US ISM Manufacturing PMI Expected to Show Strong July Activity
The US ISM Manufacturing PMI for July is anticipated to reflect robust factory sector performance. Investors will be watching the release on Monday.
Deutsche Bank: Gold in Explosive Phase but Correction Muted
Deutsche Bank Research analysts say gold has been in an explosive price phase since August 2024, but recent moves point to a muted correction.
Brent Oil Tumbles Over 7% as US Pauses Strikes
Brent crude opened the Asian session more than 7% lower, sliding below $84, after President Trump said the US would hold off on new strikes.
Red Sea Shipping Stable Despite Houthi Blockade Warning
Shipping traffic through the Bab al-Mandeb Strait remains at normal levels, with 34 vessels passing on Sunday, despite the Houthis’ threat to target Saudi- and Israeli-linked ships.
Empty Tanker Velos Amber Faces Iranian Warning Action Near Strait of Hormuz
An empty tanker, the Velos Amber, was reportedly approached by Iranian forces while transiting the Omani lane into the Persian Gulf on Sunday. The vessel continued its voyage and was near the UAE coast by early Monday.
WTI Crude Plunges 8% to Below $78.50 on Iran Peace Deal Hopes
U.S. crude oil prices tumbled nearly 8% on Monday, falling below the mid-$78.00s, as hopes for an Iran peace deal eased supply concerns.
Iran Denies Talks With US Over Strait of Hormuz
Iran's foreign ministry says no discussions are taking place with the US about the Strait of Hormuz, a critical energy chokepoint.
Red Sea Security Risks Force Oil Cargoes Onto Longer Routes, Says SocGen
Analysts at Societe Generale warn that escalating security threats in the Red Sea and Bab al-Mandab are pushing oil tankers toward longer, more complex voyages, reshaping global energy flows.
Iran Lawmaker Warns of Inflation Surge if Rial Keeps Falling
A member of Iran's parliament warned that the country could face a new wave of inflation within one to two months if the rial's depreciation continues, citing disastrous economic management.
Oil prices slide as Trump halts strikes, Brent drops below $84
Brent oil opened over 7% lower in the Asian session after President Trump said the US would hold off on new strikes, according to Commerzbank.
Oil Prices Slide as Trump Signals Iran Talks to Resume
Crude oil prices moved lower after President Trump indicated that negotiations with Iran will continue, easing supply disruption fears, while traders eye upcoming economic data.
Czech Central Bank Decision to Headline Key CEE Macro Week
A CNB policy meeting and a slate of data on manufacturing, inflation, and domestic demand will test growth momentum across Central and Eastern Europe this week.
WTI Drops 7.6% in Asia, $77 Support at Risk
WTI crude futures fell 7.6% to around $78.60 during Asian trading, with further pain likely if the $77 level breaks.
China's July Manufacturing PMI Falls to 50.9, Below Forecast
China's RatingDog Manufacturing PMI eased to 50.9 in July from 51.7 in June, missing the market forecast of 51.5.
Oracle’s Credit Default Swaps Surge Past Financial Crisis Peak
Oracle’s five-year CDS reached a record 215 basis points, topping its 200 bp peak during the Global Financial Crisis.
Yen in Focus as Japan MOF Signals Further Intervention After Coordinated Buying
Japan's Ministry of Finance confirmed a yen-buying operation on July 31 in coordination with the U.S. and warned it won't hesitate to act again, as the yen weakened to around 157.70 per dollar.
Asian Stocks Slide as KOSPI Tumbles 4%, Dollar Eases and Gold Hits $4,080
MSCI’s Asian equities gauge fell 1% and South Korea’s KOSPI lost over 4% after a record jump, while the dollar eased and Treasuries rallied, pushing gold to around $4,080 an ounce.