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BNY Analysts: Fed May Adjust Reserve Management Purchases as Comfort with System Reserves Grows
BNY Markets analysts John Velis and David Tam flag new qualifying language in the Fed's stance, suggesting the FOMC is more comfortable with current system reserve levels and could adjust reserve management purchases accordingly.
ECB's Lane: Oil Prices to Stay Above Pre-War Levels Through 2028
European Central Bank chief economist Philip Lane said oil prices are expected to remain above pre-Ukraine war levels through 2027-2028, reflecting persistent supply-side pressures.
Macro Transmission Returns to Growth-Led Narrative on Strong US, Australian Data
The macro transmission chain shifted back toward a growth-led narrative last week, supported by stronger US activity data and resilient Australian labor indicators. Inflation signals remained mixed, with softer Australian CPI contrasting with firmer Canadian inflation.
WTI Crude Holds Near $70 as US-Iran Talks and OPEC Tensions Weigh
West Texas Intermediate crude oil stalls around $70.10 per barrel as traders assess potential US-Iran negotiations in Doha and ongoing OPEC discord, keeping prices under pressure.
Easing Oil Prices Ahead of Flash Inflation in Central Europe
Oil prices are easing as markets await June flash inflation estimates from Poland and Slovenia today, followed by euro area data. The developments could influence monetary policy expectations in the region.
Gold hits fresh YTD low as USD strengthens on geopolitics, Fed bets
Gold (XAU/USD) extended its decline for a second day, touching a new year-to-date low near $3,942-$3,943 during Asian trading, pressured by a stronger USD amid US-Iran tensions and expectations of further Federal Reserve rate hikes.
G10 Excess Liquidity Indicator Turns Negative for First Time Since 2021
The G10 Excess Liquidity Leading Indicator has turned negative for the first time since the 2021 inflation shock, historically leading the S&P 500 by roughly six months and signaling potential downside for U.S. equities.
China's Manufacturing PMI Beats Expectations, Rising to 50.3 in June
China's official Manufacturing PMI rose to 50.3 in June, above the expected 50.1, signaling expansion. The stronger data may provide support for the Australian Dollar due to close trade ties.
WTI Crude Drops to Near $70 on Conflicting US-Iran Signals
West Texas Intermediate crude fell to around $70.10 per barrel during Asian trading on Tuesday, reversing recent gains amid mixed signals on US-Iran talks.
Asia-Pacific Equities Open Higher After Wall Street Rally, Dow Hits Record
Asia-Pacific stock markets opened mostly higher on Monday, following a strong session on Wall Street where the Nasdaq led gains in tech and communication services, and the Dow Jones Industrial Average closed at a record high.
Asian Stocks Rise on Tech Rally, Set for Best Quarter in 17 Years
Asian stocks rallied on Wednesday, driven by technology shares, putting the region on track for its strongest quarterly performance in 17 years. Global equities also head for their best quarter in nearly six years, as investors eye US-Iran peace talks and US jobs data.
Asian Stocks Rally, Yen Hits 40-Year Low as Tech Rebounds
Asian stocks climbed, putting the MSCI Asia Pacific Index on track for its best quarterly gain in 17 years, while the yen weakened to a 40-year low near ¥162 per dollar, raising intervention expectations.
Trump Calls for Immediate Gasoline Price Cuts, Targets $2.50/Gallon
President Trump demands gasoline retailers slash prices immediately, citing oil at $68/barrel and declining, and warns of consequences if they fail to act.
US, Iran to Hold Fresh Talks in Qatar on Tuesday – Trump
US President Donald Trump announced via social media that the US and Iran will hold new talks in Doha, Qatar on Tuesday, following a weekend of hostilities.
Gold Drops to $4,015 as Inflation Fuels Rate Hike Expectations
Gold (XAU/USD) slipped to around $4,015 during early Asian trading on Tuesday as rising inflation pressures strengthened expectations that central banks will maintain higher interest rates.
Australia Regulator Sues Amazon Over Prime Video Ads
The Australian Competition and Consumer Commission (ACCC) has taken Amazon to court, alleging the company used unfair contract terms when introducing advertisements to Prime Video, affecting over one million subscribers.
AI-Linked Sectors Lose 11,000 Jobs Monthly Over Past 3 Months
Employment in AI-affected sectors has declined by an average of 11,000 jobs per month over the last three months, with May seeing a record 38,579 job cuts attributed to AI, according to Challenger Gray data.
World Bank Extends Climate Plan, Drops 45% Lending Target
The World Bank is extending its Climate Change Action Plan but will abandon the target of allocating 45% of lending to climate projects, instead prioritizing development outcomes.
Iranian President Advocates Rationality and Decisive Defense Against Threats
In a post on X, Iran's President stated that the approach to unreasonable boasting and unfounded threats is to rely on rationality and human dignity in decision-making while responding with decisive, fearless defense.
US Stocks Rally as Tech Rebounds, S&P 500 +1.2%, Nasdaq 100 +2.3%
US equities bounced back on Monday as buyers returned to technology shares, pushing the S&P 500 up 1.2% and the Nasdaq 100 2.3% higher. The rebound was supported by the resumption of US-Iran peace talks and a strong recovery in chipmaker stocks.
Silver Price Below $60, Death Cross Threatens as XAG Heads for 22.5% Monthly Loss
Silver (XAG) trades below $60 per troy ounce, down over 1.50% on the day, heading for a 22.5% loss in June. A looming death cross and headwinds from rising US Treasury yields, a strong US dollar, and absent geopolitical risk premium weigh on the metal.
Gold Declines Despite US-Iran Strikes and Strait Disruption
Gold prices fell over the weekend even as the U.S. and Iran exchanged strikes, Iran launched missiles at American facilities in Kuwait and Bahrain, and shipping through a key strait was disrupted.
Oil Rises as US-Iran Resume Peace Talks, Strait of Hormuz Risks Persist
Crude oil prices climbed on renewed US-Iran peace negotiations in Doha, though supply risks from the Strait of Hormuz remain elevated.
ECB's Lagarde: Inflation Risks Elevated, Cautious on June Rate Move
ECB President Lagarde warns that inflation risks remain elevated, with future shocks likely to push inflation away from target. She expressed doubts about the U.S.-Iran peace deal's durability and rejected characterizing the June rate move as an 'insurance hike.'