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WTI Crude Hovers Near $76 After 5% Drop
West Texas Intermediate crude oil trades around $75.80 per barrel during Asian hours, following a nearly 5% decline the previous day, as rising global supply prospects weigh on prices.
Gold Holds Above $4,300 on US-Iran Peace Hopes, Fed in Focus
Gold price remains supported above $4,300 during Asian trading on Wednesday, recovering from yearly lows after reports of a US-Iran framework deal. Traders await the Fed rate decision for further direction.
Gold and Silver Face Resistance Despite Currency Crisis and Inflation Jitters
Gold and silver are not rallying in a straight line, even amid a currency crisis and rising inflation expectations linked to geopolitical tensions with Iran.
US Unemployment-CPI Gap Narrows to 0.1 Percentage Points, Smallest Since 2022
The difference between the US unemployment rate and headline CPI has shrunk to just 0.1 percentage points, the narrowest since 2022, as inflation rose to 4.2% in May while unemployment held at 4.3%.
JP Morgan Forecasts $1.2 Trillion Net Equity Issuance by 2027 Driven by AI
JP Morgan estimates net U.S. equity issuance could surge to ~$1.2 trillion in 2027, marking a historic reversal from two decades of net buybacks. The wave is fueled by mega IPOs from SpaceX, OpenAI, and Anthropic, plus large secondary offerings from Alphabet, Meta, and Oracle.
Trump Iran Deal Proposes $300B Fund, Oil Sales During Talks
A proposed US-Iran deal under Trump includes a $300 billion reconstruction fund for Iran, with oil sales permitted during a 60-day negotiation period. White House defends the pay-for-performance structure linked to Iran's compliance on nuclear and security issues.
Trump Signals Conditional Support for Ukraine at G7, Hints at Russian Oil Sanctions
At the G7, former President Trump signaled conditional backing for Ukraine, linking future aid to allied cooperation on the Iran nuclear deal and leaving open the possibility of reimposing sanctions on Russian oil exports.
Merz, Zelensky Inform Trump of Readiness for Peace Talks, Reject Donbas Surrender Demand
German Chancellor Merz and Ukrainian President Zelensky have informed US President Trump of their readiness for peace talks, but warn that Russia's demand for Ukraine to surrender the free part of Donbas remains unacceptable.
Iran Accuses Israel of 84 Ceasefire Violations, Warns of Forceful Response
Iran's Khatam al-Anbiya headquarters accuses Israel of 84 ceasefire violations in Lebanon over the past two days, despite Trump's war-end announcement, and warns that Iran will respond forcefully if violations continue.
Leaked VW Survey: Board Sees Existential Threat, Backs Radical Shift
A leaked internal Volkswagen survey reveals that six of nine board members view the company as existentially threatened, with all nine supporting a radical strategy overhaul and criticizing VW's performance in China and North America.
Cheniere CFO: Developing Countries Wary of US Energy Reliance, Welcomes Qatar LNG
Cheniere Energy CFO Zach Davis stated that developing countries may be hesitant to depend on the US for long-term energy security due to supply reliability and geopolitical risks. He also said the company would welcome a swift return of Qatari LNG exports to enhance global supply diversity and market stability.
Trump Admin Blocked Larger Gaza Operation, Israel Expands Occupation Quietly
The Trump administration blocked a planned larger Israeli ground operation in Gaza, citing bigger priorities. Instead, Israel is quietly expanding its occupation beyond the yellow line, according to Israeli Channel 13.
US-Iran Draft Deal Framework: Nuclear Freeze, Sanctions Relief, Oil Exports
A proposed US-Iran framework includes Iran halting nuclear weapons development, regional ceasefire, oil export waivers, and a $300 billion reconstruction fund. Both sides will negotiate for 60 days with Oman and Gulf states facilitating maritime security talks.
Tech CapEx-to-Sales Ratio Hits Record 11.5% on AI Boom
Developed market tech firms have reached a record CapEx-to-Sales ratio of 11.5%, driven by the AI buildout, with utilities also seeing a surge to 23%.
French Central Bank Sees Q2 Growth Stagnation, Cuts 2026 Forecast
The Bank of France warns economic growth will stall in Q2 after a Q1 contraction, and slashes its 2026 GDP forecast while raising inflation projections, pointing to a stagflation-like scenario.
Canada and US Trade Officials 'Make Progress' at G7 Summit
Canadian Trade Minister Leblanc reported a long and constructive meeting with U.S. Trade Representative Greer at the G7 summit, with both sides agreeing to stay in touch next week and signaling continued progress in trade talks.
Gold's $300 Recovery Leaves Markets Awaiting Fed Clues
Gold has rebounded roughly $300 from its early-June low of $4,023, with the metal's next major move hinging on upcoming Fed policy signals. Traders are divided on whether the rally can push toward $4,500 or if a retest of $4,000 is more likely.
WTI Plunges as US Lifts Iran Sanctions on Oil Sales: WSJ
The Wall Street Journal reports that the US has agreed to lift sanctions on Iran's oil sales as part of a deal, allowing immediate crude exports and removing banking and transport barriers. WTI crude prices fell sharply on the news.
US to Allow Iran Oil Sales Under War-End Deal, WSJ Reports
The US will permit Iran to immediately begin selling oil and fuel as part of a deal to end the war, according to the Wall Street Journal. Oil prices fell sharply on the news.
Iranian Oil Tanker Crosses US Blockade for First Time Since April
An Iranian supertanker carrying crude oil has crossed the US naval blockade and exited the Gulf of Oman, marking the first such transit since the blockade began in April, according to a report by NGO United Against Nuclear Iran cited by the Wall Street Journal.
Sanctions Waivers on Oil Sales to Take Effect Immediately Upon Agreement Signing
According to WSJ, a provision for waivers of sanctions on oil sales will take effect immediately upon the signing of an agreement this week. The waivers also cover necessary services such as banking, transportation, and insurance to facilitate the sales.
US to Allow Iran to Sell Oil Immediately as Part of War-End Deal
The US will permit Iran to begin selling oil and fuel immediately under a deal to end the war, offering an early financial incentive for Tehran, according to people familiar with the agreement.
Iran Urges Israel to Withdraw from Lebanese Territories
Iran's top negotiator Mohammad Qalibaf told Lebanon's Parliament Speaker that Israel must withdraw from occupied areas in Lebanon and allow displaced residents to return home.
Gold Surges as US-Iran Tensions Ease on Reported Deal
Gold rallied at its fastest pace in two months after reports surfaced that Donald Trump canceled strikes against Iran and that a deal was reached between Washington and Tehran.