Copper’s Rally Stalls as Worries About Global Economy ResurfaceNew!!
Copper fell for a second day, dropping with other metals, as resurgent oil prices fanned concerns about prospects for the world economy.
Gold Extends Decline as Inflation Risks Lift Fed Rate-Hike BetsNew!!
Gold extended a three-day decline as escalating attacks in the Middle East and concerns about inflation ratcheted up bets on interest rate hikes and pushed bond yields higher.
Bessent on China's G20 Dissent, Japan, and Canada SpatNew!!
Treasury Secretary Scott Bessent has said China prevented the Group of 20 from issuing a joint communique due to a dispute over its giant trade surplus, while commenting on US trade and financial relations with Japan and Canada. Watch the highlights from his press conference. (Source: Bloomberg)
Rupee Rally Gets a Boost From Bullish Charts and RBI’s Reserve AmmoNew!!
However, a continued increase in oil prices may dent optimism around the currency.
Latest Oil Market News and Analysis for Sept. 2New!!
Oil advanced for a third session on heightened concerns about disruptions to energy flows through the Strait of Hormuz after an escalation of hostilities between the US and Iran.
Unitree Plunges 50% From Peak in Fast Reversal After Huge Debut PopNew!!
Unitree Robotics shares have tumbled 50% from their intraday peak, marking one of the steepest declines for a newcomer on Shanghai’s Star Board.
Asian Stocks, Bonds Decline as Crude Oil Advances: Markets WrapNew!!
Asian stocks fell with bonds and gold as rising oil prices stoked inflation concerns and expectations for tighter monetary policy, fueling a risk-off tone across markets.
Bessent’s Bond Gains Wiped Out as Treasury Yields Jump AgainNew!!
The yield on 30-year US government bonds climbed back to levels seen just before Treasury Secretary Scott Bessent expanded a buyback program in an effort to contain long-term borrowing costs.
Insolvent Bathla Faces 24-Hour Deadline for Deal With CreditorsNew!!
Insolvent Australian property developer Bathla Group faces a 24-hour timeframe for talks with its creditors to secure short-term funding, according to a person familiar with the matter, in its last-ditch effort to avert collapse.
Bessent Says Hormuz Route Will Be Bypassed In the FutureNew!!
US Treasury Secretary said the Strait of Hormuz route will eventually be bypassed and become "worthless". He speaks after the conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and the Iranians saying they have retaliated. Bloomberg's Jon Herskovitz has the latest. (Source: Bloomberg)