Rising geopolitical risk, from U.S. tanker interdictions to Israel–Iran tensions, is rebuilding a supply-side risk premium in oil, supporting prices despite an uncertain global demand outlook.
PBOC is expected to set the USD/CNY reference rate at 7.0407 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
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Apple’s planned AI wearables signal a shift toward ambient, on-device AI, supporting long-term ecosystem stickiness while reinforcing demand across its Taiwan-centric hardware supply chain.
Westpac expects the RBA to hold the cash rate through 2026, citing lingering inflation risks despite easing pressures. The bank still sees scope for rate cuts in early 2027, with the economy tracking broadly in line with forecasts.
China's battery makers surge 75% globally! Exports hit $65B+ amid AI & renewables boom. Watch for US restrictions.
Those Iran headlines lifting oil. Gap fill to come is my tip.
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