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Economic · Economic

Bond traders, recently forced to reposition for the possibility of higher interest rates ahead, are looking to this week’s personal spending data for an early read on whether the market’s newly hawkish stance is warranted.

Economic · Economic

Traders see more volatility ahead as new central bank chair declines to give dot plot on future path of interest rates

Economic · Economic

As fears over the Iran conflict ease, investors are turning their attention to climate risk, with a potential “Super El Niño” emerging as a key market variable. From agriculture and energy to insurance and financials, the weather event could reshape sector outlooks, affect inflation trends and influence investment decisions globally.

Economic · Economic

The latest update to the Federal Reserve’s favorite inflation gauge is unlikely to challenge a growing consensus at the US central bank around the need for interest-rate hikes this year.

Economic · Economic

As German Economy Minister Katherina Reiche noted, Turkey takes into account the great importance that the EU places "on weaning itself off Russian commodity supplies," but made it clear that replacing Russian supplies is impossible overnight

Economic · Economic

South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act.

Economic · Economic

Michelle Bowman, the Federal Reserve’s vice chair for supervision, spoke at a private dinner in New York hours after attending the central bank’s policy meeting, the Wall Street Journal reported, a period when officials are restricted from commenting on monetary policy.

Economic · Economic

New Federal Reserve Chair Kevin Warsh is significantly reducing the central bank's communication, particularly "forward guidance" on interest rates. This move, aimed at making markets less reliant on Fed signals, has already caused market volatility. Analysts warn this could lead to higher borrowing costs for consumers and businesses, contrasting with previous chairs who used guidance to stabilize markets and lower rates.

Economic · Economic

Somaliland president visits Israel after recognition agreement Somaliland President Abdirahman Mohamed Abdullahi arrived in Jerusalem on Sunday for what was described as the first state visit by a leader of the territory, according to Al Jazeera. The visit comes six months after Israel became the first country to recognise Somaliland's independence from Somalia, marking a significant step in relations between the two sides. During the visit, Israel and Somaliland signed a strategic cooperation agreement and held a series of meetings aimed at expanding ties in areas including security, trade and regional strategy. Somaliland views the relationship as an important step towards broader international recognition, while Israel sees growing strategic value in the Horn of Africa region amid ongoing concerns over Red Sea security and disruptions linked to Yemen's Houthi movement.

Economic · Economic

The recent decline in oil prices is primarily driven by fading fears of supply disruptions. Earlier, markets had priced in worst-case scenarios, including a prolonged conflict and potential blockage of critical energy trade routes. However, as ceasefire negotiations progressed, traders began unwinding these risk premiums.

Economic · Economic

Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September, a shift driven by renewed inflation worries fueled by a surge in oil prices. New Fed Chair Kevin Warsh's firm stance against high inflation has bolstered these expectations. This development occurred amidst quiet trading, with US markets closed for a holiday.

Economic · Economic

'This must end': Norway moves to cut trade with illegal Israeli settlements Norway's Ministry of Foreign Affairs has proposed a bill to ban trade with Israeli settlements in occupied Palestine, declaring them an impediment to peace. The Norwegian government said on Friday that it had submitted a bill with legally binding stipulations for consultation. The proposal recommends prohibiting Norwegian citizens and companies from profiting from or supporting Israel’s illegal settlement enterprise. “The Israeli settlements in Palestine are in violation of international law. They contribute to displacement, extreme violence and a development that makes a peaceful solution impossible. We will prohibit trade with the illegal settlements,” Foreign Minister Espen Barth Eide said in a press release. The Israeli government has built illegal settlements at a rapid pace, undermining the prospects of a Palestinian state. The proposal follows a parliamentary resolution and would ban Norwegian exports to, and importation of goods from, Israeli settlements in the occupied West Bank. Read more: 'This must end': Norway moves to cut trade with illegal Israeli settlements

Economic · Economic

Canada applied a 10% import tax on imports of canned vegetables to protect domestic growers and food processors, the Department of Finance said in a statement Friday.

Economic · Economic

The occurred splash of fuel prices affected inflation in June, Central Bank chief Elvira Nabiullina noted

Economic · Economic

According to Elvira Nabiullina, risks of conflict protraction in the Middle East became lower but the uncertainty is still in place

Economic · Economic

Despite the fact that Russia's central bank lowered its key interest rate from 14.5% to 14.25%, shares in the Russian state energy company Gazprom have sharply declined to their lowest level since 2008.

Economic · Economic

According to the statistics agency, imports of Russian wheat and meslin totaled 128,405.9 metric tons worth $33.3 mln during the first five months of the year

Economic · Economic

Top policymakers not ready to ‘call the all-clear’ on global economy even as energy prices fall

Economic · Economic

The Czech prime minister heightened his public criticism of the central bank’s tight monetary policy, saying its latest move to raise interest rates will hurt the economy.

Economic · Economic

The UK’s government bonds fell on Friday as higher oil prices renewed concerns over inflation and a win by Andy Burnham in a special election increased the country’s political uncertainty.

Economic · Economic

The global oil market is zeroed in on activity in the Strait of Hormuz after the US and Iran inked an interim deal to end their war and reopen the critical waterway. While equities have largely shrugged off the turmoil, central banks and traders are eagerly watching for signs of further energy-supply disruption and impacts on inflation. The Opening Trade spoke with leading market voices for their take on the deal, how global economies have handled the conflict and whether the world can return to pre-war pricing. (Source: Bloomberg)

Economic · Economic

Germany came under fresh US trade scrutiny on Thursday as the United States launched an investigation into the country's pharmaceutical pricing policies, a move that could pave the way for new tariffs. Washington said it would examine whether Germany's pricing practices unfairly underpay for innovative medicines and burden US commerce under Section 301 trade authorities.

Economic · Economic

Currency traders including hedge funds are loading up on options wagers that the dollar will extend gains after the Federal Reserve’s hawkish policy decision this week reinforced expectations for higher US interest rates.

Economic · Economic

EU leaders agreed on Thursday to strengthen trade defences against a surge of Chinese exports that Brussels views as a threat to European industry, while maintaining “constructive dialogue” with Beijing. The move reflects growing concern over the EU’s dependence on China, as the bloc’s goods trade deficit reached about 360 billion euros last year.

Economic · Economic

Oil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U. S. -Iran peace deal. The agreement is expected to release millions of barrels of oil and lift sanctions, increasing global supply. While some producers are ready to resume exports, ongoing conflict in Lebanon casts doubt on the deal's long-term stability.

Economic · Economic

Australian beef exports to China will face an additional 55% tariff starting this weekend after hitting Beijing’s annual quota limit, which could impact trade flows and prompt producers to seek new markets for red meat.

Economic · Economic

Asian stocks reached a record high, fueled by optimism that the reopening of the Strait of Hormuz will normalize oil flows and ease inflation. This development, coupled with positive semiconductor news, boosted investor confidence. Lower energy costs are also easing concerns about future interest rate hikes.

Economic · Economic

New Zealand exports surged to a second straight monthly record in May, driven by meat shipments to the US and milk consignments, as farmers continue to benefit from strong demand and high commodity prices.

Economic · Economic

Bloomberg Economics Anna Andrade joins Scarlet Fu on "Real Yield. " The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was “encouraging,” even while two of the nine policymakers voted for an immediate quarter-point hike over concerns of persistent inflation. (Source: Bloomberg)

Economic · Economic

stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticipated Federal Reserve interest rate hikes. Intel surged to a record high after President Trump announced a deal for U. S. -based chip design and manufacturing. Oil prices slid as the U. and Iran extended an interim agreement, allowing for continued passage through the Strait of Hormuz.