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European Commission Expects Generic Medicines Exempt from Latest U.S. Tariffs
The European Commission says it expects European generic medicines to be exempt from President Trump's latest tariffs, citing a commitment to zero tariffs under last year's transatlantic trade deal.
Iran Says Strategic Missile Production Never Halted During War
An Iranian armed forces spokesperson stated that the country's strategic missile production never stopped during the 40-day war or after the other side violated the memorandum of understanding.
Tech and Semiconductors Account for 65% of S&P 500 Q1 EPS Growth
Amazon, Google, Meta, and Microsoft contributed 34% of the S&P 500's year-over-year EPS growth in Q1 2026, while semiconductors added another 31%. The combined 65% share is up from 52% a year ago, with semiconductors expected to take the lead in Q2.
Commercial Shipping Continues Through Middle East Chokepoints Amid Rising Caution
Marine traffic data shows vessels still transiting the Strait of Hormuz and Bab el Mandeb, but patterns indicate growing operational caution and shifting routing decisions due to security threats.
Silver price edges higher as geopolitical tensions offset inflation concerns
Silver (XAG/USD) trades around $59.35 on Wednesday, up 0.94% on the day, as safe-haven demand from geopolitical tensions outweighs the negative impact of rising inflation expectations.
GE Vernova Q2 EPS Beats, Revenue Tops Estimates; Raises FY Adj FCF Guidance
GE Vernova reported Q2 2026 EPS of $2.47 (vs $1.86 a year ago) on revenue of $11.10B, above the $10.73B estimate. Adjusted EBITDA came in at $1.25B (est. $1.29B). The company raised its full-year adjusted free cash flow outlook to $11.5B–$12.5B from $6.5B–$7.5B.
Kuwaiti FPS-117 Radar Integrated into US Coalition Air Defense
The FPS-117 long-range 3D air-surveillance radar, operated by Kuwait, is embedded in US and coalition air-defense networks, with operations centered at Ahmed al-Jaber air base.
World Bank Warns of Global Slowdown, Renewed Inflation Risk
The World Bank warns the global economy is just months from a worst-case scenario with growth slowing to 1.3% and inflation rising to 4.5%, according to Chief Economist Indermit Gill.
Oil Prices Surge 4% as Brent Crude Tops $94
Brent crude oil jumped 4% to above $94 per barrel on Wednesday, reaching its highest level in months as markets await key earnings releases.
Silver Rises to $59.50, Up 1.19% on Wednesday
Silver prices increased on Wednesday, trading at $59.50 per troy ounce, a 1.19% gain from the previous $58.80, according to FXStreet data.
Gold finds floor but upside uncertain as USD rallies on geopolitical tension
Gold appears to have established a support level, but the ceiling remains unclear as the US dollar strengthens and oil prices climb amid geopolitical risks and mixed Fed rate expectations.
ING: Supply risks support Brent oil valuations
ING strategists highlight growing oil supply disruptions across the Middle East and Black Sea, supporting Brent valuations.
Joint Chiefs Chairman Refuses to Discuss Iran Ground Invasion Scenario
Gen. Dan Caine declined to confirm whether a ground invasion of Iran is under consideration, citing the unhelpfulness of hypothetical discussion during a Senate hearing. He also refused to disclose advice given to President Trump on military options.
US Collected $13B from Venezuelan Oil Sales Since January, Transparency Questioned
The U.S. has collected an estimated $13 billion from Venezuelan oil exports after taking control of sales in January, but there is little transparency about how the funds have been used.
Iran IRGC Threatens Direct Attacks on US, Israeli Commanders
Iran's Islamic Revolutionary Guard Corps (IRGC) has announced it will target U.S. and Israeli commanders in their private residences, retaliating for U.S. strikes on Iranian commanders' homes. The Financial Times reports Iran has previously tracked U.S. personnel using SS7 vulnerabilities and commercial ad data.
Asia Tech Rebound Loses Steam as Alphabet, Oil Loom
Asia's technology stocks started the session higher but faded as investors look ahead to Alphabet's earnings and the threat of $100 oil.
BoJ Open to Faster Rate Hikes, Cites Yen Weakness as Inflation Risk
Sources indicate the Bank of Japan may raise interest rates at a pace quicker than every six months, as officials view recent yen depreciation as an upside risk to inflation. The central bank is also said to be close to a stage where it is anchoring, not spurring, inflation.
WTI Oil Hits Six-Week High at $86 on Middle East Tensions
WTI crude rose to a six-week high of $86 amid escalating Middle East hostilities and reports of vessels rerouting in the Red Sea.
Gold Breakout Buy Signal Triggered on Trend Line Break
Gold triggered a buy signal after breaking above a 7-week descending trend line, shifting the short-term outlook positive despite medium-term bearishness.
Chip Rebound Offsets Rate Repricing, Says Deutsche Bank
Deutsche Bank notes that US equities advanced despite higher Treasury yields and renewed speculation about a July Fed rate hike, driven by a strong chip sector recovery.
Gold Steady as Focus Shifts to ECB Policy Outlook
Gold prices hold near recent levels as traders pivot their attention from inflation data to the credibility of upcoming European Central Bank monetary policy decisions.
Gold Tops $4,000, Silver Near $60 on Safe-Haven Demand – ING
ING's commodities team reports that gold has risen above $4,000 per ounce and silver is trading near $60, supported by dip-buying, safe-haven flows, and Middle East tensions.
CEE Government Deficits Show Regional Imbalance in Q1
Eurostat released Q1 data on government deficit and public debt for Central and Eastern Europe, revealing continued fiscal imbalances across the region.
Asia Market Update: US Tariffs Resurface, Nike Drops Chinese Sellers, Iran Ceasefire Hopes
Trade tensions return as Nike severs ties with Chinese online retailers. Meanwhile, China's foreign minister is set to meet US Secretary of State Rubio, Iran attacks continue with ceasefire signs, and Google and Tesla earnings loom.