Dow futures surged in early trading on Wednesday after Washington and Tehran agreed to a two-week ceasefire, easing fears of a broader regional conflict and triggering a cross-asset relief rally.Oil tumbled, Treasury yields eased and volatility gauges retreated as investors rotated back into risk assets.The rebound rippled through Asia and…
Faced with the twin challenges of rising inflation and slowing growth driven by the oil price shock, the European Central Bank is under pressure to act, with Commerzbank AG anticipating the ECB to prioritise long-term inflation expectations and consider an interest rate hike as early as its next meeting at…
The American labour market has long been a complex machine of shifting gears, but in the current economic landscape, one cylinder is firing with more reliability than all others combined. While technology and manufacturing navigate the choppy waters of replacement by AI and perils brought on by tariffs, the healthcare…
Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the hardest hit despite data showing a larger-than-expected trade surplus.An MSCI index tracking publicly listed shares across the region fell 0.57%, on course…
Russia and China vetoed a UN Security Council resolution aimed at reopening the Strait of Hormuz on Tuesday, blocking a text that had been repeatedly diluted in an attempt to secure their abstention — and doing so just hours before a deadline set by US President Donald Trump for Iran…
India’s central bank held borrowing costs steady on Wednesday as surging oil prices tied to the Iran conflict threatened to stoke inflation and cloud the case for growth-supportive rate cuts.The Reserve Bank of India’s six-member monetary policy committee (MPC) kept the repo rate — the benchmark at which the RBI…
Major global banks have revised their expectations for China’s monetary policy, now largely ruling out interest rate cuts for the year.The shift comes as recent economic data points to stabilisation in the world’s second-largest economy.Geopolitical tensions involving Iran appear to have had limited influence on China’s outlook.Earlier projections had pointed…
British construction firms witnessed an unprecedented rise in cost inflation in March, marking the sharpest month-on-month increase since records began in 1997, according to a survey released on Wednesday. Data from S&P Global showed that the UK Construction Purchasing Managers’ Index (PMI) measure of input cost inflation jumped to 70.5…
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz.The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42%…
Latin American currencies and equities retreated as escalating Middle East conflict and a broadly stronger dollar drove investors away from risk assets, with the Chilean peso among the hardest hit despite data showing a larger-than-expected trade surplus.An MSCI index tracking publicly listed shares across the region fell 0.57%, on course…