EBC Global

Oil prices fell on Thursday as investors weighed the outlook for US fuel demand with the end of the summer driving season near, while assessing potential crude supply shifts as India faces secondary tariffs. The EIA reported y that US crude inventories fell by 2.4 million barrels in the week ended 2

The pound lost ground on Wednesday as Putin seems uninterested in ceasefire. Ukrainian forces have acknowledged that Russia's military has crossed into the eastern industrial region of Dnipropetrovsk. Money markets shows there is a growing likelihood the BOE will keep interest rates on hold for the

Major US stock indexes eased on Monday after Trump threatened to fire Fed Governor Lisa Cook, an unprecedented significant escalation of his attacks on the central bank's independence. Apart from that, he warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a

The Hang Seng index soared around 2% on Monday after Fed Chair Powell signalled interest rate cuts over the weekend. Lower borrowing costs in the US will likely benefit tech companies worldwide. Hong Kong's stock market has boomed this year and the bourse is upbeat that the return of international i

Oil prices were little changed on Friday but were on track to snap a two-week losing streak as fading hope for immediate peace between Russia and Ukraine increased the risk premium. Brent has risen 2.7% this week and the WTI has gained 1.1%. Traders has woken up to Putin's stall tactic with Russia l

The New Zealand dollar firmed on Thursday as traders fretted about the Fed's independence after yet another attack from Trump on Chair Powell who will speak at the Jackson Hole Symposium later this week. Trump called on Fed Governor Lisa Cook to resign on the basis of allegations made by one of his

The US stock market rallied to a fresh record on last week, lifted by growing expectations of inflation back to target, cooling trade tensions and the end of Russia-Ukraine war. Some strategists have warned the rally risks overheating into a bubble. Cash levels as a percentage of total assets remain

The FTSE 100 closed within a whisker of its record high on Tuesday, although both lagged European indexes. Financial stocks remained robust, benefiting from still-high interest rates. Profit warnings from UK-listed companies rose 20% year-on-year in Q2, according to EY Parthenon. Unpredictable tarif

China A50 index saw a third straight daily gain on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine. The rally reflects a rising sense of optimism among retail investors, flush with near record-

The yen dipped on Monday ahead of a key meeting between Trump and Zelenskiy, while investors also looked ahead to the Fed's Jackson Hole symposium for more policy clues. Japan's economy expanded 0.3% in Q2 from the previous first three months, outpacing forecasts despite tariff headwinds. The increa

The pound hovered around a fresh three-week high on Friday though after hotter than expected inflation data prompted traders to trim wagers on rate cuts by the Fed. Overnight, markets had to contend with producer prices showing the quickest rise in three years in July amid a surge in the costs of go

The Swiss franc is still up more than 10% this year, only next to the euro among G7 currencies, despite higher risk appetite following a series of major deals between the US and its trading partners. The currency has maintained a positive correlation with another safe-have asset – gold. The yellow m

Oil prices edged up on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between Trump and Putin raising risk premiums in the market. Trump has threatened "severe consequences" if Putin does not agree to peace in Ukraine. He did not specify what the conse

China's A50 index set a fresh yearly high on Wednesday amid trade optimism. The latest extension will give more time for further negotiations about "remedying trade imbalances" and "unfair trade practices", the White House said. Foreign inflows to Chinese stocks will probably continue after the summ