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Economic · Economic

Key US oil grades have slumped to trade at a discount again as a gush of crude flows through the Strait of Hormuz and a recent spike in demand for American exports fades.

Economic · Economic

It’s only been a few weeks since Kevin Warsh took the helm of the Federal Reserve, but analysts are already concerned that one of his key promises — a quieter central bank — will lead to more volatility in the market.

Economic · Economic

The regulator did not rule out a higher path for the key interest rate over the medium term

Economic · Economic

The president’s obsession with tariffs reflects a misreading of the past 250 years

Economic · Economic

Signs of economic strength alongside easing price pressures spurred a bounce in stocks from session lows, with Federal Reserve Chair Kevin Warsh saying inflation risks have come down. Jordan Jackson, Global Market Strategist at JPMorgan Asset Management, gives his macro call and discusses the market reaction he expects to see from Thursday's jobs data. (Source: Bloomberg)

Economic · Economic

Federal Reserve Chairman Kevin Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.

Economic · Economic

It’s a date that lenders to Brightline, the debt-laden private Florida railroad, have had circled for months: July 1. That’s when the company will likely look to scrounge up what’s left in reserves to pay bondholders and stave off a formal default for the last time.

Economic · Economic

European stocks closed well off session lows on Wednesday after policymakers gathered at the European Central Bank’s annual forum signaled they will not rush to raise interest rates.

Economic · Economic

Inflation in Peru’s capital unexpectedly accelerated in June, staying above the central bank’s target range for a fourth straight month as rising food costs add to the recent global energy shock.

Economic · Economic

The segment discusses the current market sentiment that appears to be overestimating the likelihood of Federal Reserve interest rate hikes. Reference is made to the '12th blue dot,' a hypothetical addition to the Fed's dot plot that would represent a signal for rate cuts this year, attributed to former Fed official Warsh. This suggests that despite market expectations, JPMorgan analysts anticipate the Federal Reserve will keep rates on hold throughout the year. The discussion highlights the impact of these expectations on stock market performance, with stocks falling as investor focus shifts toward the possibility of policy changes signaled by Warsh. (Source: Bloomberg)

Economic · Economic

European Central Bank Governing Council member Ulo Kaasik said further moentary tightening may be needed to ensure inflation returns to target after the Iran war.

Economic · Economic

European Central Bank President Christine Lagarde said risks to euro-area inflation and growth have become less pronounced.

Economic · Economic

PlayStation 5, Xbox, Nintendo Switch 2, PC; Team Asano/Square Enix Upbeat, charmingly retro RPG full of treasure-hunting, temple-roaming, monster-slaying and princess-saving is an absolute blast to play You can’t help but wonder if developer Team Asano is in a private competition with itself to come up with the most ridiculous name for a video game. Following Project Triangle Strategy and Bravely Default: Flying Fairy we have this mouthful: The Adventures of Elliot: The Millennium Tales. It’s a playable love letter to the Zelda adventures of yesteryear rendered in the studio’s trademark glorious 2D-HD art style, melding evocative pixel sprites with modern visual effects. From west Philabieldia, born and raised, our hero is adventurer Elliot. The antagonist making trouble in the neighbourhood is a king’s dastardly aide intent on summoning an ancient evil. The story is pure after-school-TV schlock, fully voice-acted but still unafraid to make you sit through reams and reams of text, and the action comprises treasure-hunting, temple-roaming and dispatching monsters. It’s part Chrono Trigger, part Oracle of Seasons as our almost obnoxiously upbeat hero journeys through the ages in order to solve puzzles, tip his fedora and of course, save a princess. Continue reading...

Economic · Economic

Modi urges diplomacy in call with Iran’s Pezeshkian Indian Prime Minister Narendra Modi has spoken with Iranian President Masoud Pezeshkian about the latest developments in West Asia and the proposed path towards de-escalation. Modi said that, during Tuesday’s call, he stressed the importance of freedom of navigation in the Strait of Hormuz for India and the wider world, according to the Press Trust of India news agency. In a statement, the prime minister’s office said Modi welcomed the understanding reached and reaffirmed India’s position that all disputes must be addressed through dialogue and diplomacy. Modi also underlined the need to continue efforts to secure lasting peace and stability in the region, while protecting navigation and trade. Pezeshkian had earlier invited Modi to attend the funeral of the late Iranian Supreme Leader Ayatollah Ali Khamenei, which is scheduled to take place next week.

Economic · Economic

Annual rate of inflation rose to 2.2% in June, up from 1.7% in May, according to Nationwide

Economic · Economic

South African Reserve Bank Governor Lesetja Kganyago discusses the outlook for inflation and monetary policy. He talks with Bloomberg's Francine Lacqua at the ECB Forum on Central Banking in Sintra, Portugal. (Source: Bloomberg)

Economic · Economic

Traders in the fed funds market are ramping up bets that the Federal Reserve will start raising interest rates as soon as July, a previously unthinkable move that risks being derailed by a series of economic data.

Economic · Economic

APS Holding is preparing to step up purchases of distressed debt as it sees higher interest rates and real estate stress starting to dent bank balance sheets.

Economic · Economic

Pakistan’s inflation eased last month, though it remained in double digits, keeping policymakers on guard against persistent price pressures.

Economic · Economic

The US dollar strengthens as traders await Fed Chair Warsh's comments in his first public appearance alongside other central bank leaders in Sintra, Portugal. Oil declines as the US says indirect talks around Iran were positive. The US lifts its foreign access restrictions on Anthropic’s Fable 5 AI model. Collin Martin of Charles Schwab discusses the upcoming jobs report. (Source: Bloomberg)

Economic · Economic

UK Trade Secretary Peter Kyle is seeking to boost UK services exports to China as he hosts a delegation from the country on Tuesday. Peter Kyle and China’s Commerce Minister Wang Wentao will jointly host the 15th UK–China Joint Economic and Trade Commission at Mansion House in London. They will launch a “trade booster” initiative designed to support UK businesses expanding their exports into China during the visit. Brompton Bikes and HSBC are among the British businesses attending, while firms...

Economic · Economic

European Central Bank Governing Council member Joachim Nagel said he’s keeping an open mind on what action is needed at the next two interest-rate meetings, with uncertainly remaining over the situation in the Middle East and its effect on inflation.

Economic · Economic

The European Central Bank’s next policy decisions will come down to either hiking interest rates further or holding them steady, Governing Council member Martin Kocher said.

Economic · Economic

The AI-driven market rally is expanding beyond tech, with healthcare, financials, and transportation sectors showing robust participation, signaling a healthy economy. Despite sticky inflation, strong corporate earnings are supporting elevated equity valuations. Investors anticipate the US Federal Reserve may maintain higher interest rates for longer, strengthening the dollar and posing challenges for commodities and emerging markets. Geopolitical tensions in the Middle East are identified as a significant risk.

Economic · Economic

The dollar surged to a 40-year high against the yen, fueled by rising U. S. Treasury yields and anticipation of a Federal Reserve rate hike. S. Traders are closely watching upcoming U. jobs data, with expectations of further Fed tightening increasing significantly. S. Japanese authorities are considering intervention to support the yen, especially with a U. holiday approaching, which could reduce market liquidity and amplify any action.

Economic · Economic

Bullish bets on the Chinese yuan are fading, with options traders unwinding one of the year’s most crowded trades after the Federal Reserve’s hawkish pivot.

Economic · Economic

The war in Iran has rewired China’s petrochemicals trade, allowing plants to ease their glut of the key building blocks for plastics, rubber and textiles by boosting exports.

Economic · Economic

Household debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality is improving, with more prime borrowers taking out loans. While consumption loans dominate, experts express concern over debt servicing for depreciating assets. India ranks fourth among emerging economies in household debt as a percentage of GDP.

Economic · Economic

Parent company EchoStar has surged to $30bn market capitalisation from windfall on SpaceX holding

Economic · Economic

Samantha Dart, co-head of global commodities research at Goldman Sachs, said that markets haven't reacted to 'flare ups' in the Strait of Hormuz because US energy exports and China imports have remained consistent, signaling the oil market is still headed in the right direction. (Source: Bloomberg)