Contrary to widespread predictions, the US economy has defied expectations of downturns from tariffs and inflation, a resilience that challenges conventional wisdom, according to TradingBlock’s Vice President of market strategy, Michael Martin, even as he warns of the UK’s precarious fiscal position.Martin shared his insights on the current state of…
Thursday’s headlines paint a busy picture for markets and policymakers. Snowflake saw its stock jump on strong demand for its AI products, while Intel scored a $5.7 billion boost backed by the government. On the macro side, US GDP grew 3.3% in the second quarter, signaling a solid economic rebound.…
A decades-old pillar of global e-commerce has crumbled, as the US tariff exemption for small-value packages officially ended on Friday. The move to eliminate the $800 “de minimis” loophole is a seismic shift in trade policy, one that promises to raise costs, upend supply chains, and fundamentally reshape the business…
India’s economy is expected to grow at a steady pace in the June quarter, supported by an early monsoon and accelerated exports to the US before new tariffs took effect. According to Bloomberg, gross domestic product is estimated to have grown by 6.7% between April and June.While this would mark…
Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief to South African miners.Northam Platinum, a prominent South African mining company, announced a significant downturn in its annual profitability on…
In India, the demand for physical gold experienced a slight increase this week, even as prices rebounded. This uptick in demand was primarily driven by jewellers replenishing their inventories in anticipation of the upcoming festive season, Reuters said in a report. This contrasts with the generally subdued activity observed in other markets,…
Aluminum prices are facing downward pressure as rising LME inventories and ongoing uncertainty surrounding the impact of US tariff increases combine to dampen the market.“In addition to uncertainty about the impact of the US tariff increase in June, the 150,000-ton (approx. 40%) rise in LME inventories since the end of…
Thailand’s Constitutional Court on Friday removed suspended Prime Minister Paetongtarn Shinawatra from office, finding that a controversial leaked phone call with Cambodia’s former leader Hun Sen had breached ethics rules. The ruling throws the Southeast Asian nation into another bout of political instability, just a year after Paetongtarn took office.In…
On Thursday, the price of European wheat experienced a notable decline on Euronext in Paris, with the most actively traded futures contract settling at EUR 192 per ton. This significant drop pushed the price to its lowest level since March 2024, indicating potential shifts in market dynamics and supply-demand balances. The decline…
In the latest explosive chapter of his long-running war with federal regulators, billionaire Elon Musk has moved to dismiss a high-stakes lawsuit from the US Securities and Exchange Commission, painting the agency’s action not as a legitimate enforcement effort, but as a politically motivated attack on one of its most…