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FORGOTTEN HISTORY: 2 - The Untold Story

Dollar subdued as markets await US inflation data for Fed clues

As Asian markets greeted Wednesday, the dollar maintained its steadiness. Currency investors eagerly anticipated key inflation data from the United States to gauge interest rate shifts. In response to assaults on shipping routes, oil prices experienced a modest rise. Meanwhile, the yen lingered near its monthly lows despite collaborative intervention.…

The Economic Times

Rupee weakness cushioned by central bank intervention, shorts grow wary

Rupee weakness cushioned by central bank intervention, shorts grow wary

The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the currency against rising oil costs and global tensions. Traders are…

The Economic Times

Europe’s economy faces the hard reality of climate change this summer

Europe’s economy faces the hard reality of climate change this summer

The intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hampering agriculture and power generation, key waterways are also facing transportation restrictions. Southern European regions are bracing for lower tourist influx and skyrocketing food costs as authorities grapple with increased financial…

The Economic Times

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Stock Index Futures Gain With All Eyes on Key U.S. Jobs Report

September S&P 500 E-Mini futures (ESU26) are up +0.25%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.55% this morning, rebounding from yesterday’s losses, while investors await the key U.S. jobs report for fresh clues on the Federal Reserve’s policy path.

Rupee nudges up on-week; traders stay cautious as oil firms, US payrolls loom

The Indian rupee maintained stability on Friday, showing a small improvement over the week. The central bank's intervention helped alleviate the impact of higher oil prices and market hesitance. Significant inflows from balance of payments strategies fortified the Reserve Bank of India’s defenses. Investors are now keenly awaiting essential U.S.…

The Economic Times

America's 'weird' and 'unwise' intervention in the Japanese yen: 'The last thing you want is to give markets any kind of reason to ask questions'

Why did the Treasury sell euros to buy yen and come to the rescue of the flailing Japanese currency?

Global Market: Euro zone bond yields decline as falling oil prices boost market sentiment

Euro zone government bond yields declined after oil prices retreated on hopes of easing Middle East tensions, reducing inflation concerns and prompting markets to pare expectations for further ECB rate hikes. Investors also tracked diplomatic developments involving the U.S., Iran and the Strait of Hormuz.

The Economic Times

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South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route.…

The Economic Times

Despite high inflation, Fed expected to hold rates steady for now

Despite high inflation, Fed expected to hold rates steady for now

The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Oil jumps after Iran attempts ‘surprise attack’; chip stocks slump further as AI sell-off continues – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

French wildfires threaten defence sites and hit regional economy

French wildfires threaten defence sites and hit regional economy

The fires have forced evacuations and protective measures at strategically important aerospace and defence sites, while preventing thousands of businesses from operating normally.

Stocks Set to Open Sharply Higher as Oil Prices Sink, Big Tech Earnings and Fed Meeting in Focus

Stocks Set to Open Sharply Higher as Oil Prices Sink, Big Tech Earnings and Fed Meeting in Focus

September S&P 500 E-Mini futures (ESU26) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.59% this morning, pointing to a sharply higher open on Wall Street as a slump in oil prices boosted investor sentiment at the start of a busy week.

Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

Gold prices saw a slight increase on Friday as Brent crude oil retreated from highs. Investors are assessing Middle East conflict developments and their inflation implications. They also await the US Federal Reserve's interest rate decision next week. Bullion has seen a correction from record highs earlier this year. Elevated…

The Economic Times

Yen heads for biggest weekly drop since May despite Tokyo's support pledges

Yen heads for biggest weekly drop since May despite Tokyo's support pledges

The Japanese yen is experiencing a dramatic drop, marking its most significant weekly decline since May. The currency has hit 40-year lows against the US dollar, compounded by Japan's ineffective measures to bolster its value. Additionally, surging oil prices have reignited inflation worries, further enhancing the dollar's strength, while the…

The Economic Times

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ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play

The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.

The Times of India

Philippines is building 422 MW of solar farms above fish ponds, and the idea could change renewable energy forever

Vietnam's VinEnergo and Philippine developer SunAsia Energy have agreed to build 422 megawatts peak of solar power spread across three sites in the Philippines, using a design that lifts the panels on steel piles above active fish ponds rather than floating them directly on the water. The approach is intended…

Evening Standard

Why has inflation gone down and where will it go from here?

Experts have warned that June could mark a low point before price rises start to speed up again.

Jim Cramer Warns Oil’s ‘Endless Climb’ Can’t Be Ignored As Brent Hits $95 Amid Stalled Iran Talks

Global crude prices surged over 4% on Wednesday, with Brent topping $95 per barrel following an 11th consecutive night of U.S. strikes against Iran.

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The Economic Times

Rupee languishes at two-month lows as supply worries raise oil prices

The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline, state-run banks stepped in to sell off dollars. Increased energy prices are forecasted to exacerbate inflationary pressures and expand India's deficit.…

The Economic Times

Global Market: Private capital crucial to Europe's defence push as funding bottlenecks persist

Private investment will be crucial to funding Europe's growing defence industry as government budgets remain constrained, finance executives said at the Farnborough International Airshow. They stressed that public spending alone is insufficient and called for regulatory reforms.

The Independent UK

Asian shares mostly gain and South Korea and Japan recover some losses from AI stock sell-offs

Asian shares have mostly gained, with markets in South Korea and Japan trading higher after recent declines due to heavy selling of stocks linked to artificial intelligence

The Economic Times

Rupee hits two-month low, oil prices remain focal point

The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened by unloading dollars into the market. Meanwhile, Asian currencies and stock performances were varied, with the dollar index holding…

Oil prices rise as fighting between US and Iran intensifies

Oil prices rose on Monday morning as fighting between the US and Iran intensified, fuelling concerns over disruptions to energy shipments through the Strait of Hormuz.

The Independent UK

Oil price soars above $90 as US and Iran escalate war

Analysts warn oil market may be underestimating risk to supply from latest escalation

Eurozone inflation confirmed at 2.8%: Will it be enough for the ECB to pause?

Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.

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