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CEE Auto Sector Maintains Positive Momentum
Car registrations in the EU rose 5.7% year-on-year in the first half of the year, with most CEE markets posting even stronger gains. Slovenia led with nearly 22% growth, followed by Hungary at around 13%.
AI Brings US and China Tech Closer; AUD Rises on Jobs Data; GOOG, TSLA Down
Asian markets saw tech stocks converge on AI optimism despite geopolitical divides, while the Australian dollar gained on strong employment data. Google and Tesla underperformed on rising capex concerns.
WTI Tests 6-Week Highs Near $87.50, Bearish Bias Holds
West Texas Intermediate crude oil is trading around $87.50 during early European hours, testing six-week highs. However, the bearish bias persists as long as prices remain below the 100-day simple moving average.
Australia's Unemployment Rate Steady at 4.4% in June, In Line with Expectations
Australia's unemployment rate remained unchanged at 4.4% in June, matching market forecasts, according to the Australian Bureau of Statistics.
Australia's Unemployment Rate Steady at 4.4% in June, In Line with Expectations
Australia's unemployment rate held at 4.4% in June, matching market forecasts, according to official data from the Australian Bureau of Statistics.
Australia's Unemployment Rate Holds at 4.4% in June, Matches Expectations
Australia's unemployment rate remained steady at 4.4% in June, in line with market expectations, according to ABS data.
US Air Force AWACS Declares Emergency Over Saudi Arabia
A US Air Force E-3G Sentry AWACS aircraft broadcast a 7700 squawk code, indicating an emergency, after operating over Saudi Arabia.
Star 50 ETF Sees Record $2B Inflow, Index Surges 11%
China's largest tech fund, the Star 50 ETF, attracted a record $2.0 billion in inflows on Monday. The Star 50 index surged 11% on Tuesday following a steep decline last week.
WTI Extends Gains Above $87 as Middle East Tensions Escalate
West Texas Intermediate crude oil rose for a fifth straight session, trading near $87.30 per barrel, as escalating conflict in the Middle East raised supply disruption fears.
Asian Markets Rise on AI Chip Surge; Oil Climbs to $96 on Houthi Tanker Attacks
Asian markets advanced as AI chipmakers rallied, while oil prices neared $96 per barrel after Houthi attacks on Saudi tankers escalated Middle East supply risks. Investors await key AI earnings from Alphabet, Microsoft, Meta, and Amazon.
US CENTCOM Launches Additional Strikes on Iranian Military Targets
US Central Command announced it began launching more strikes against Iranian military targets at 5:30 PM ET on orders from the Commander in Chief, aiming to degrade Iran's ability to threaten civilian and commercial vessels in regional waters.
Iran: Oil Tanker Explodes Near Strait of Hormuz; Traffic Halted
Iran's Islamic Revolutionary Guard Corps reported that an oil tanker caught fire after an explosion south of the Strait of Hormuz. Two other tankers turned back, and Iran stated no tanker will enter or leave the strait without coordination.
Bank of America Bull & Bear Indicator Hits 9.6, Highest Since Dec 2020
Bank of America's Bull & Bear Indicator reached 9.6 points, the highest since December 2020 and the third-highest in 24 years, signaling extreme bullish sentiment among global investors.
Iran Warns of 'Eye for an Eye' Response to US Threat
Iran's Foreign Minister Abbas Araghchi stated that Tehran would respond in kind to any attack on its infrastructure after US President Donald Trump threatened to bomb targets in response to actions in the Strait of Hormuz.
Gold Rebounds Above $4,100 on Safe-Haven Demand
Gold price extends recovery above $4,100 as geopolitical uncertainties fuel safe-haven buying during Asian session Thursday.
US Dollar Softens as Oil and Gold Rally, ECB Decision and Australian Jobs Loom
The US Dollar trades slightly lower on Wednesday as markets remain cautious amid escalating tensions surrounding Iran and the Strait of Hormuz. The US Dollar Index (DXY) slips toward 101.10, helping the Euro recover modestly.
10-Year Yield Nears 4.70%, Hits Fresh 52-Week High
The 10-year Treasury note yield is approaching 4.70%, reaching a new 52-week high, up over 70 basis points since the start of the Iran War, as markets brace for a potential energy shock.
Brazil's Lula: No Ban on US Talks, Will Seek Alternative Markets
Brazilian President Lula stated there is no ban on negotiating with the US but indicated he will look for other markets for products not sold to America, citing a lack of reciprocity in dialogue.
Iran Threatens 'Eye for an Eye' Defense Doctrine, Targets Supporters of Aggression
Iran's Foreign Minister Araghchi stated that any aggression against Iran will be met with a powerful and decisive response, and those who support such aggression will be considered legitimate targets.
Brazil to Provide 18.5 Billion Reais in Credit Lines to Support Companies Hit by US Tariffs
Brazil announced 18.5 billion reais in credit lines to support companies impacted by U.S. tariffs and international conflicts, with a focus on exporters to Persian Gulf countries.
Iran: Any Aggression Will Be Met With Powerful Response
Iran's foreign minister stated that the country's defense doctrine is 'eye for an eye,' warning that any aggression against Iran, including infrastructure, will be met with a decisive response. Those contributing to such aggression in any form will also be considered legitimate targets.
Gold Surges Over 1.5% as Dollar Weakness Triggers Breakout
Gold rallied more than 1.5% on Wednesday, breaking above a key resistance trendline and hitting a fresh two-week high, driven by broad US Dollar weakness despite escalating US geopolitical tensions.
Iran Speaker: Strait of Hormuz Will Not Return to Pre-War Conditions
Iran's parliamentary speaker, Ghalibaf, stated that the Strait of Hormuz will not revert to its pre-war state, warning that if Iran's security is not assured, no infrastructure will be safe and oil sales will be blocked.
Silver (XAG/USD) Struggles to Build Momentum Above $60.00
Silver trades with modest gains on Wednesday as the US Dollar pulls back, but upside momentum remains limited due to energy-driven inflation concerns and uncertainty over Fed rate policy.