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Soft CPI Eases Fed Hike Pressure Amid AI and Oil Concerns
The latest CPI data came in soft, reducing the likelihood of an imminent Federal Reserve rate hike. Meanwhile, AI energy demands hit a power wall and oil supply routes are being rerouted around the Strait of Hormuz.
China NBS: Economy Remains Resilient Despite Q2 Slowdown
The Deputy Head of China's National Bureau of Statistics expressed confidence on Wednesday that the economy remains resilient despite a second-quarter slowdown.
Trump Discusses 'Massive Offensive' in Iran at Situation Room Meeting
President Trump held a Situation Room meeting to discuss a broader offensive against Iran, threatening that Tehran 'better make a deal' or face devastating strikes.
US CENTCOM Ends Latest Round of Strikes Against Iran
The US military's Central Command confirmed it conducted another set of strikes against Iran, concluding the latest round of operations.
China Q2 GDP Grows 4.3% YoY, Misses 4.5% Forecast
China's economy expanded 4.3% year-on-year in Q2 2026, below the market consensus of 4.5% and slowing from 5.0% in Q1, according to official data.
China Q2 GDP Growth Misses Expectations at 4.3% YoY
China's economy grew 4.3% year-on-year in the second quarter of 2026, below the 4.5% forecast and slowing from 5.0% in Q1, official data showed Wednesday.
China Q2 GDP grows 0.9% QoQ, matching expectations
China's economy expanded 0.9% quarter-on-quarter in Q2 2026, slowing from 1.3% in Q1 and in line with market forecasts, according to official data from the National Bureau of Statistics.
China Q2 GDP Grows 0.9% QoQ, Matching Expectations
China's economy expanded 0.9% quarter-on-quarter in Q2 2026, in line with market forecasts and slowing from 1.3% in Q1, according to official data.
Iran Claims Destruction of US Military Supply Center in Kuwait
Iran's Revolutionary Guard says it destroyed a main supply and support center linked to the US military in Kuwait's Abdullah Port area, escalating regional tensions.
WTI Refining Margin Hits Record $59 per Barrel
The 3-2-1 WTI refining margin has reached a record $59 per barrel, nearly tripling since the start of 2026, driven by a severe global refining capacity shortage due to the Iran War and attacks on Russian refineries.
WTI oil rises for third day as Trump threatens Iran strikes
West Texas Intermediate crude oil extended gains for a third consecutive session, trading near $79.20 during Asian hours on Wednesday, after US President Donald Trump threatened additional military strikes on Iran.
Asia-Pacific Equities Rise on Wall Street Lead, Easing Inflation, Trump's Hormuz Fee Withdrawal
Asia-Pacific stocks advanced Monday, tracking a positive Wall Street session after weaker-than-expected US inflation data reduced expectations for further Fed tightening. Sentiment was further boosted by President Trump's decision to drop a proposed 20% fee on vessels passing through the Strait of Hormuz.
Asian Markets Surge on Softer US Inflation Data, Tech Stocks Lead
Asian markets advanced after weaker-than-expected U.S. inflation data boosted global risk sentiment and reduced expectations of an imminent Federal Reserve rate hike. South Korea's KOSPI surged 6%, led by a strong rebound in technology stocks, while Japan and Australia also posted gains.
Rio Tinto Maintains Copper Guidance, Cites Higher Diesel Costs for Iron Ore
Rio Tinto has kept its full-year copper production guidance unchanged and stated that the Middle East conflict has not materially affected operations. However, higher diesel prices have pushed up costs at its Pilbara iron ore operations.
Rio Tinto Q2 Copper Output Falls 7% on Utah Smelter Outage
Rio Tinto reported a 7% sequential decline in second-quarter copper production due to an unplanned outage at its Kennecott smelter in Utah, with repairs expected to take about six months.
JoinProp Selects The Trading Pit as Official Partner for Its $200,000 Trading Challenge Giveaway
JoinProp named The Trading Pit the official partner for its $200,000 challenge-account giveaway, with the winner to be drawn in early September 2026.
Trump Says US Pressed Iran to Reach Agreement, Cites Iran's Depleted State
US President Donald Trump stated that the US has pressed Iran to reach an agreement, noting that Iran retains some resilience but is largely depleted. He emphasized that he will preserve energy objectives in Iran until the end.
Gold Holds Near $4,050 as Softer US Inflation Tempers Fed Hike Expectations
Gold held near $4,050 an ounce after softer-than-expected US inflation reduced expectations of a near-term Fed rate hike. Fed Chair Kevin Warsh said rate hikes remain an option, while Middle East tensions and higher oil prices pose upside inflation risks.
Trump Says U.S. Struck Iran's Kharg Island Two to Three Times
Former President Trump stated that the U.S. has struck Iran's Kharg Island two to three times and ordered strikes on everything except within 25 yards to protect the world economy, also signaling openness to taking the island if Iran is sufficiently degraded.
Gold Rises to Near $4,050 on Softer US CPI Data
Gold price climbed to around $4,050 during Asian trading on Wednesday, rebounding after softer-than-expected US inflation data increased expectations for a less hawkish Federal Reserve.
ASIC Fines NAB WealthHub A$1.055M for Data Failures Over 10 Years
Australia's ASIC penalized NAB's WealthHub Securities A$1.055 million for failing to provide complete and accurate regulatory data over 9.5 million times between July 2014 and October 2024.
Big Banks Rally as Soft CPI Boosts Bonds, but Weak Breadth Signals Market Risks
Markets welcomed a soft CPI print and solid bank earnings, but poor breadth highlights underlying fragility.
Trump Threatens Iranian Infrastructure if Talks Fail
President Trump warned the U.S. will target Iranian power plants and bridges next week if Tehran does not agree to negotiations, and said strikes will continue until he decides to stop.
Trump Threatens to Bomb Iranian Power Plants and Bridges
President Trump warned that the U.S. will bomb Iranian power plants and bridges next week unless Iran agrees to negotiate.