The United States has been the ultimate safe haven for global investors for decades now. Treasuries were unquestioned collateral, the dollar was the world’s anchor, and confidence in Washington’s balance sheet was as close as markets came to certainty.But things are starting to change. Talk of a shattering confidence in…
The UK and China are set to restart high-level trade discussions this week after a seven-year pause, with Britain’s new Business Secretary Peter Kyle preparing to negotiate access for British firms, as per a Bloomberg report.The resumption of the Joint Economic and Trade Commission (JETCO) talks comes at a time…
Poland shot down drones that entered its airspace during a large-scale Russian attack on western Ukraine on Wednesday, with Warsaw calling the incursion “an act of aggression” and marking the first time a NATO member has fired weapons in the conflict.Prime Minister Donald Tusk said Poland’s skies had been violated…
Holiday sales in the United States are set to increase at the slowest pace since the pandemic, according to Deloitte’s latest forecast, released on Wednesday, reported by Reuters.The study, which examined consumer behaviour and broader economic conditions, reveals how inflation, tariffs, and policy uncertainty are influencing purchasing decisions ahead of…
Gold has continued its rally over the last few weeks, with prices hitting a series of record highs. However, the market would be keenly awaiting US inflation data to be released later on Wednesday. Gold prices have surged to a new record high of over $3,700 per ounce on Tuesday, primarily fueled…
Poland invoked NATO’s Article 4 for urgent consultations after 19 Russian drones breached its airspace on the night of September 9–10, a dramatic escalation that drew immediate solidarity from NATO allies and alarm across Europe. Several drones were shot down by Polish and allied forces, in what Prime Minister Donald…
Gold and crude oil prices extended gains on Wednesday, with copper prices remaining largely unchanged from the previous close. Silver prices jumped by more than 1% on Wednesday as the metal flirted with the $42 per ounce level. Oil prices rose as geopolitical tensions simmered, raising fears about disruptions.Gold hovers near record…
Dow futures dipped slightly Wednesday morning as traders waited nervously for producer price inflation data that could influence the Federal Reserve’s next rate decision.The PPI report has Wall Street on edge after major indexes hit record highs recently.Investors are walking a tightrope as they want inflation to stay manageable without…
A powerful and resilient wave of optimism is sweeping across most of Asia on Wednesday, with markets shrugging off a fresh dose of worrying economic data from China and instead taking their cue from another record-setting performance on Wall Street. This bullish sentiment is being further fueled by a rally…
Russian wheat export prices fell to their lowest since early July as weaker domestic prices, high supply and sluggish demand weighed on sentiments, consultancy agency SovEcon said. Last week, free-on-board (FOB) prices for the 12.5% protein wheat declined to $228-$230 per metric tons, falling by $4, the agency said in its…