Oil is still on the up as trade kicks off on Sunday evening US time:
There is optimism around the place on the reopening of China. At least that's the narrative.
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Oil futures opening higher at the beginning of the week's trade
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- investingLive Asia-Pacific FX news wrap: Bleak Friday for Asian equites, Korea down 8%
- Tokyo shares down ~4%, South Korea down ~6%. Fingers pointing at OpenAI IPO delay
- UBS targets $5,200/oz gold , sees current dip as buying opportunity
- Equities on the slide. US futures down, Asian indexes down.
- Tokyo core-core CPI hits 1.9% as Middle East price pressures spread beyond energy
- PBOC sets USD/ CNY reference rate for today at 6.8166 (vs. estimate at 6.8015)
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Tech stocks tumble $1.3T on AI jitters, but futures hint at a bounce. Oil prices hit new lows.
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investingLive Asia-Pacific FX news wrap: Bleak Friday for Asian equites, Korea down 8%
investingLive Exclusive
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Tokyo shares down ~4%, South Korea down ~6%. Fingers pointing at OpenAI IPO delay AUD and Kiwi slapped lower too.
investingLive Exclusive
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Gold will recover to US$5,200 an ounce over the next 12 months as the Fed moves toward rate cuts and the dollar weakens, UBS says, calling the current pullback a buying opportunity.
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Forbes
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Tokyo core-core CPI rose to 1.9% in June as energy-driven inflation began spreading to food and other goods, keeping a July BOJ hike firmly in view. Tokyo's inflation is no longer just an energy story
investingLive Exclusive
3h ago
PBOC sets USD/ CNY reference rate for today at 6.8166 (vs. estimate at 6.8015). PBOC injects 231.5bn yuan through 7-day reverse repos at an unchanged rate of 1.4%.
investingLive Exclusive
3h ago
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