Trump signs Iran deal
Focus shifts to Hormuz and 60-day talks.
Trump poised to roll out new tariffs
As he refunds the old ones.
Fed’s Warsh rocks bond market in debut, sparks surge in rate-hike bets
Before Wednesday’s meeting, Wall Street had largely assumed the Fed was done cutting rates ever since the Iran war’s oil shock sent consumer prices surging by the most in three years.
How AI and semiconductors are reshaping the market
‘Stocks start to outperform consistently in a new sector or subsector, so the leaders will show their hand. I think that's the key and we've got to be on the lookout for them’ – Sean Ashton, Private Clients by Old Mutual.
Copper falls after Fed chairman Warsh positions as inflation hawk
Copper on the London Metal Exchange was down 0.9% to $13 694.50 a ton by 1:52 p.m. Shanghai time, while aluminum fell 0.5% and zinc shed 0.4%.
Goldman says Hormuz oil flows may recover to only 70% after war
At present, visible flows going through Hormuz were estimated at about 1.3m barrels a day.
Russia piles up debt
As costs of war in Ukraine outrun budget.
Rio Tinto resumes copper exports from massive Mongolian mine
Following a short protest.
Gold jumps as peace deal optimism counters hawkish Fed
Spot gold rose 1.6% to $4 322.83 an ounce as of 9:21 a.m. Singapore time.
Oil slides on Hormuz deal as brent closes in on losing war gain
Brent for August settlement traded 2.1% lower at $77.85 a barrel at 1:52 p.m. in Singapore.