Finance
China’s June Trade Balance: Surplus widens sharply amid strong exports
China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrives at CNY859.05 billion, widening from the previous figure of CNY723.98 billion.
Finance
Finance
RBNZ's Conway: Inflation to return to 2% over medium term
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said on Tuesday that the central bank is not discussing a shift to a tightened policy stance, adding that inflation is to return to 2% over the medium term.
Finance
Iranian missiles hit two UAE tankers in Hormuz — Reuters
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani terr…
Finance
Chinese Yuan: Consolidation after sharper drop against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH fell more than expected to 6.7766 before rebounding, with the sharp decline seen stabilising and intraday consolidation likely between 6.7780 and 6.7920. For the ne…
Finance
Riyadh Air in talks with Airbus and Boeing for widebody jets - Bloomberg
Saudi Arabia's flagship carrier is in talks with Boeing Co and Airbus SE for what could be its largest plane purchase yet, committing billions of dollars towards becoming a travel and tourism hub.
Finance
Malaysian Ringgit: Johor result keeps policy continuity – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Finance
Forex Today: US Dollar surges as Hormuz tensions send Oil to one-month high
The US Dollar Index (DXY) surges toward 101.30, gaining around 0.3% as escalating tensions between the United States (US) and Iran boost safe-haven demand and drive energy prices sharply higher. US President Donald Trum…
Finance
Gold tumbles below $4,000 on Trump’s Iran port blockade move, US CPI data looms
Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high. Traders aw…
Finance
Singapore Dollar: Upside risks with CPI and Warsh in view – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong observe that USD/SGD has turned slightly softer, tracking Renminbi (RMB) gains as the Dollar consolidates. They see risks skewed to the downside, with support at 1.29 …
Finance
Malaysian Ringgit: Johor result keeps policy continuity – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that Barisan Nasional’s strong win in Johor reinforces UMNO’s political momentum but leaves federal policy continuity intact, limiting immediate implications for …
Finance
British Pound Sterling buckles as Trump builds the Hormuz toll booth he swore would never exist
The British Pound Sterling is spending Monday learning the difference between a recovery and a reprieve. GBP/USD opened the week flush against its 200-day Exponential Moving Average (EMA), probed the 1.3400 area through…
Finance
Jack Daniel’s maker Brown-Forman CEO Lawson Whiting plans to retire
The U.S. spirits market has been under pressure for over two years, JPMorgan analysts wrote on Aug. 20 in an earnings preview, citing a Gallup report that says the percentage of adults self-reporting that they consume a…
Finance
Chinese Yuan: Stronger fix guides gradual RMB gains – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH dipped after a stronger USD/CNY fix below 6.80, the first such level since February 2023. They read this as policymakers being comfortable with …
Finance
Silver Price Forecast: XAG downtrend accelerates, eyes on $55.00
Silver price remains below $60.00 as the week begins, diving nearly 4% on Monday amid tensions in the Middle East. Hawkish remarks by Federal Reserve (Fed) Governor Christopher Waller underpin the Greenback, which, acco…
Finance
Gold price crashes as Waller warning sparks Fed hike fears
Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes…
Finance
Euro slides as Waller warning, Iran strikes lift US Dollar
The shared currency begins the week on a lower note, down 0.31% as risk aversion fueled flows towards the US Dollar amid heightened tensions in the Middle East. Also, hawkish comments by a Fed official underpinned US Tr…
Finance
Taiwan: AI cycle and 2H outlook – DBS
DBS Group Research, led by Ma Tieying, assesses Taiwan’s AI-driven expansion and its implications for the 2H26 outlook. The bank notes that AI remains central for Taiwan’s technology-oriented economy and that the AI sup…
Finance
Malaysian Ringgit: Stable as BNM holds rates – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note that Bank Negara Malaysia (BNM) kept the OPR at 2.75% for a sixth straight meeting, maintaining a cautious tone on global risks. Growth is still expected within a 4–5% rang…
Finance
California-led states sue to block Paramount’s $110 billion Warner Bros Discovery deal
UPDATED: A group of a dozen state attorneys general filed suit to block Paramount‘s $110 billion acquisition of Warner Bros. Discovery, long-anticipated litigation to stave off a merger despite receiving clearance from …
Finance
Japanese Yen: Higher energy prices pressure JPY – MUFG
MUFG’s Lee Hardman reports the Japanese Yen has weakened again, pushing USD/JPY back above 162.00 as higher energy prices and fading impact from last week’s verbal intervention weigh on the currency. He explains that un…
Finance
Swiss Franc drops to a more than two-week low against the US Dollar
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Monday as traders react to renewed hostilities in the Middle East. At the time of writing, USD/CHF trades around 0.8126, up 0.50% on the day and marking its h…
Finance
Dow Jones Industrial Average wobbles while Washington opens a toll booth in the Strait of Hormuz
Risk aversion set Monday's tone, and the Dow Jones Industrial Average wore it better than most of its peers; the index trades near 52,525, down 117 points or 0.2%, while the Nasdaq Composite sheds 1% and the S&P 500 giv…
Finance
Denmark: Goods resilience offsets weaker services – Danske Bank
Danske Research Team reports that overall consumer spending excluding energy in June was broadly unchanged on the month, with real spending up 4.3% year-on-year. Real retail spending on goods rose, particularly in large…
Finance
Bosch begins sample production at its first US semiconductor plant
Taiwan, a small island outside of China with a population of just 24 million, has in three decades managed to become the most important nation in the world’s most important industry. The Taiwanese government’s bold bet …