economic · economic
Czech central bank chief warns against joining Eurozone too early
Aleš Michl also resists calls to lower interest rates as he criticises country’s feuding president and prime minister
8,198 events tracked
economic · economic
Aleš Michl also resists calls to lower interest rates as he criticises country’s feuding president and prime minister
economic · economic
Donald Trump’s tariffs have taught us an important lesson in the value of retaliation
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Asian stocks advanced, recovering from recent losses as chip shares stabilized. Megacap technology earnings are anticipated this week, influencing market direction. Geopolitical tensions in the Middle East and trade concerns are creating investor caution. Elevated oil prices and escalating regional conflicts add to market uncertainty. Investors await corporate results and de-escalation for market rebounds.
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The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch auction held on Monday. Traders indicated bids exceeded the central bank's comfort level. The RBI accepted ₹14,497 crore out of ₹30,000 crore notified. Bond switches help the government manage near-term and long-term debt redemptions.
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Tariffs apply to Canadian wine, hockey sticks, cement, and other products, sparking fears of escalating trade tensions.
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The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee.
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Gold was steady as traders monitored a raft of developments in the Middle East conflict for clues on the energy price impact on inflation.
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New Zealand’s annual inflation accelerated to the highest level in more than two years in the second quarter, fanned by soaring fuel prices and reinforcing the Reserve Bank’s decision to begin raising interest rates.
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Energy products, critical minerals, seafood and potash will be exempt from the new tariffs
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US President Donald Trump on Monday imposed 50 per cent tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American cars, alcohol and dairy products. The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return to the White House. The administration official previewing the action said that Canada was one of the only nations...
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Washington accuses neighbour of engaging in unfair practices in move that could reignite trade war
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US President Donald Trump signed orders on Monday imposing new 50% tariffs on some Canadian goods, citing what the White House called Canada's "discriminatory treatment" of US alcohol, automobiles and dairy products. The tariffs take effect in 30 days, with energy, potash and sector-specific imports exempted, the White House said.
economic · economic
US President Donald Trump signed orders on Monday imposing new 50% tariffs on some Canadian goods, citing what the White House called Canada's "discriminatory treatment" of US alcohol, automobiles and dairy products. The tariffs take effect in 30 days, with energy, potash and sector-specific imports exempted, the White House said.
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The duties take effect within 30 days and mark a major escalation in trade tensions between the North American neighbours.
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Oil prices are set to rise once more as renewed US attacks on Iran leave the Strait of Hormuz, a major artery of oil trade, closed again. With US strategic petroleum reserves at their lowest in over 40 years, America will have trouble keeping oil prices below US$100 a barrel, as it has mostly done in the war so far. Analysts warn that sustained oil prices above US$100 risk accelerating inflation, depressing consumption and inviting recession. They have also turned their attention to China and...
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Vladimir Yeremkin believes the regulator's decision could be influenced by rising inflation expectations, which may prompt the Bank of Russia to upwardly revise its year-end inflation forecast
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DoubleLine is positioning in shorter-dated government bonds on the view that Kevin Warsh’s credibility with investors will help allow Federal Reserve officials to keep interest rates steady this year.
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The bogus rationale for duties has rotated from economic emergency to balance of payments to unfair trade
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Alkegen has signed a restructuring deal with lenders that will inject the specialty materials maker with new money and slash its debt load by about $3.1 billion, according to a person familiar with the situation.
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According to people who follow the oil trade closely, we are entering the point at which the oil buffer of global reserves is reaching its limits. In layman’s terms, this means oil prices are soaring as an actual lack of oil starts to be a real possibility. This is, of course, due to the war in Iran. Iran’s strategy in the war has been clear: closing the Strait of Hormuz to create an economic crisis. The military imperative was to cause a political crisis in the United States; the global economic crisis was collateral damage. Since World War II, U.S. […] The post The War, the Oil Crisis and American Politics appeared first on Geopolitical Futures .
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China’s shipments of rare-earth magnets to the US remain well below pre-trade war levels despite last year’s truce, underscoring concerns in the Trump administration about Beijing’s adherence to that agreement.
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Indian stock markets traded lower on Monday, impacted by Iran-US tensions. Sensex and Nifty experienced significant declines, reflecting investor concerns over rising oil prices. Tech Mahindra and Bharti Airtel shares saw gains, while Axis and HDFC Bank shares dropped. Broader markets also traded with marginal losses, with private banks leading the decline. Despite the overall dip, market breadth showed a slightly positive trend with more advances than declines.
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A closely-watched gauge of China’s copper market has risen to the highest in more than a year, as a tax shake-up in the metal’s biggest market spurs a shortage of scrap and boosts demand for imports.
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Chinese stock traders unwound leveraged positions at the fastest pace since the 2015–2016 market crash on Friday, as fears that the AI-driven rally had become overstretched triggered a global equities rout.
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Gold prices dropped on Monday as Middle East tensions escalated significantly. Brent crude oil surpassed ninety dollars a barrel, increasing inflation worries. Several U.S. Federal Reserve officials indicated potential interest rate hikes are necessary. Asian share markets showed hesitation ahead of major technology company earnings reports. Consumer sentiment saw a temporary boost, but rising oil prices may reverse this trend.
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The dollar strengthened against global peers as Middle East tensions escalated. Oil prices surged and investor confidence remained fragile after last week's market turbulence. Geopolitical concerns and semiconductor valuation worries weighed on market sentiment. Federal Reserve officials are debating potential interest rate increases to combat inflation. Cryptocurrencies like bitcoin and ether saw modest gains in early trading.
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Gold declined after the US and Iran ramped up attacks over the weekend, stoking bets the Federal Reserve may need to raise interest rates to contain inflation.
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Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank’s fight against inflation still seems far from over.
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Argentina 24-31 England Visitors run in five tries; hosts denied late score by TMO It has been a long season but England’s well-travelled players can finally head to the beach with some degree of satisfaction. Spurred on by a fine performance from the wing Immanuel Feyi-Waboso, they had to weather a frantic finale to complete an eventful five-try win over Argentina, thus denying their hosts a notable sporting double over their English amigos this week. Reduced to 13 and briefly 12 men at stages in the second half, with four players sent to the sin-bin along the way, they were ultimately indebted to Marcus Smith and Feyi-Waboso for all-important tries in the final quarter, along with a brace of first-half scores for Ben Earl. England also had to defend stoutly at times, with Ollie Chessum, Ellis Genge and Joe Heyes all showing up remarkably well at the fag end of an energy-sapping campaign. Continue reading...
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The move comes as EU foreign ministers remain deadlocked over a bloc-wide ban on illegal settlement trade.