Copper prices surged at the London Metal Exchange (LME) for several consecutive weeks, reaching a new all-time high, driven by expectations that U.S. President Donald Trump would expand tariffs on refined metal imports. The LME’s three-month benchmark futures price rose as much as 0.8%, hitting $14,533 per ton—surpassing the previous record set in January—before easing […]
Over the past week, tensions between the U.S. and Iran have intensified, sparking market concerns over further disruptions in energy transit through the Strait of Hormuz and driving up oil futures prices. Following Iran’s weekend claim that it attacked three vessels that had entered designated shipping lanes without authorization, as well as three ships linked […]
U.S. job growth in August was robust and the unemployment rate remained stable, indicating a more vibrant labor market than previously expected. According to data released Friday by the U.S. Bureau of Labor Statistics, nonfarm employment rose by 162,000 in August, while July’s unemployment figures were revised to zero. The report shows the labor market […]
As government bond yields climb, mortgage rates in the United States have surged to their highest level in over a year, delivering another blow to the domestic housing market. Freddie Mac said Thursday that the average rate for 30-year fixed-rate mortgages rose from 6.66% the previous week to 6.71%. A year ago, the rate stood […]
Some of the largest U.S. asset holders have little protection against a weakening dollar, leaving the currency vulnerable to sharper declines if market sentiment shifts abruptly. As of June 30, investors in markets including Japan, Canada, and Taiwan had hedged only 41% of their foreign exchange risk exposure—the lowest level since at least 2015. By […]
Escalating attacks in the Middle East and growing inflation concerns have intensified market expectations of interest rate increases, pushing bond yields higher. Market odds for a Federal Reserve rate hike at its September meeting have now risen to around 67%. On Tuesday, the United States launched a new round of airstrikes targeting sites in Iran, […]
The White House, under President Donald Trump, called it “the largest oil deal in history”: the United States has reached an agreement with Venezuela to gain control over more than 65 billion barrels of the country’s crude reserves. According to a fact sheet released by the White House on Monday, this agreement—despite criticism from Venezuela’s […]
The United States and Iran have clashed for the first time in nearly a month, with U.S. forces striking Iranian rocket launchers and Iran retaliating by launching missiles toward Jordan. Colonel Tim Hawkins, spokesperson for U.S. Central Command, said Sunday that Iran was preparing to fire rockets carrying mines into the Strait of Hormuz. He […]
Federal Reserve Chair Kevin Warsh will deliver his first major speech since taking the helm of the world’s most influential central bank, delivering the opening address on Friday morning at 10 a.m. New York time. The event is gradually becoming a crucial test of his commitment to more concise communication. Fed watchers are hoping the […]
Nvidia’s optimistic sales forecast boosted stock and futures prices, reinforcing investor optimism that this year’s artificial intelligence rally still has room to run. Nvidia shares rose 4.7% in after-hours trading after the company projected strong revenue growth through 2028, lifting other AI-related stocks including Marvell Technology Inc. and Sandisk Corp. Futures for the tech-heavy Nasdaq […]