US crude oil inventories fell by 3.775 million barrels to 408.3 million barrels in the week ended June 26, less than market expectations for a 5.1 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 709 thousand barrels, the first increase after nine consecutive weeks of…
The US dollar index rose to 101.3 on Wednesday, easing from the 15-month high of 101.6 earlier in the session after Fed Chairman Warsh said that inflationary risks are lower.The remark was aligned with a reduction in the ISM Manufacturing prices gauge, aided by the pullback in energy prices, and ta…
Inflation risks have eased in recent weeks, but the US central bank remains committed to restoring inflation to its 2% target, Federal Reserve Chair Kevin Warsh said at the ECB’s annual Forum on Central Banking in Sintra, Portugal.Warsh stressed that delivering price stability remains the Fed's pri…
Silver climbed 3% to $60 per ounce on Wednesday, rebounding from a seven-month low as investors weighed remarks from new Federal Reserve Chair Kevin Warsh while renewed US-Iran tensions fueled concerns over stability in the Middle East. Speaking at the ECB’s annual forum in Sintra, Portugal, Warsh…
The yield on the 10-year US Treasury note eased to 4.47% after testing 4.5% earlier in the session after Fed Chairman Warsh said inflation risks in the US were softening.This was aligned with the softer price data from the ISM PMI, as wholesale energy prices returned to levels comparable from befor…
Construction spending in the US edged up 0.1% month-over-month to a seasonally adjusted annual rate of $2,210.2 billion in May 2026, following a downwardly revised 0.3% rise in April and compared to forecasts of a 0.2% gain.Residential spending went up 0.4% while nonresidential flattened.Out of non…
The ISM Manufacturing PMI for the US fell to 53.3 in June 2026, down from 54.0 in May and below market expectations of 54.The latest reading indicated a slowdown in the manufacturing sector, as both output (52.2 vs. 54.3 in May) and new orders (56.0 vs. 56.8) grew at a slower pace.Employment remain…
The Ibovespa fell nearly 1% to trade above 170,000 on Wednesday as investors reacted to a new presidential election poll and remained cautious ahead of key US labor market data.A new AtlasIntel/Bloomberg survey showed President Lula holding a 6.5-point lead over Flávio Bolsonaro in a hypothetical r…
Gold prices surged 2% to $4,090 per ounce on Wednesday, rebounding from near eight-month lows, as investors parsed comments from new Federal Reserve Chair Kevin Warsh and fresh US-Iran tensions raised doubts about Middle East stability.Speaking at the ECB’s annual forum in Sintra, Portugal, Warsh a…
The S&P Global US Manufacturing PMI was sharply revised down to 53.9 in June 2026, significantly below the preliminary estimate of 55.7 and May’s final reading of 55.1.Despite the drop, the latest figure marked the eleventh straight month of expansion, indicating a solid improvement in operating co…
The euro weakened below $1.14, approaching a one-year low after a 2% decline against the US dollar in June.Investors digested softer-than-expected Eurozone inflation data, with the flash CPI report showing headline inflation falling to 2.8% in June and the core rate dropping to 2.4%, offering some…
Arabica coffee futures traded around $2.96 per pound, a level not seen since April 23rd, supported by signs of tightening inventories as markets monitored the progress of Brazil's harvest. Arabica certified stocks at ICE fell by another 3,069 bags to 377,465, the lowest level since March 2024.In th…
US equity indices trimmed their sharp gains from this week as markets continued to gauge risks of a Fed rate hike this year and how much room is left in the AI trade.The S&P 500 dropped 0.6%, the Nasdaq fell 1.5%, and the Dow decreased 250 points from its record high.Chip producers dropped after le…
The Dow Jones Index is dropping 215 points.Leading the losses are Caterpillar (-4.50%), Walmart (-4.27%) and Nvidia (-2.98%).Top gainers were Microsoft (1.90%), Chevron (0.94%) and Apple (0.89%).
The pound traded just above $1.32, near a seven-month low after a 1.4% June drop against the dollar, pressured by political uncertainty, a stronger greenback, and the Bank of England’s dovish tone.Against the euro, sterling hit a one-year high as the single currency weakened on softer-than-expected…
UK 10-year gilt yields rose to 4.8%, extending gains from last week’s two-month lows, as investors parsed remarks from global central bankers at the ECB’s Sintra Forum.Bank of England Governor Andrew Bailey reiterated his dovish stance, telling CNBC that UK policymakers see a softening economy and…
The S&P Global Brazil Manufacturing PMI rose to 50.8 in June 2026 from 49.1 in May, signaling a renewed improvement in factory conditions.The rebound was driven by stronger hiring, stock accumulation, and longer supplier delivery times.However, output and new orders remained in contraction territor…
The US dollar index rose toward 101.6 on Wednesday, testing its highest in 15 months as the outlook of a hawkish Federal Reserve was combined with weakness in major G10 currencies.A majority of the market continued to expect at least one rate hike by the Fed this year amid evidence of a robust labo…
The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for the second session on Wednesday, rising about 2.4% to a near one-week high of 2,562 points.Gains were seen across all vessel segments.The capesize index, which typically transpor…
The yield on the 10-year US Treasury note rose toward 4.50% on Wednesday, extending the sharp rebound since dropping to a seven-week low of 4.36% on Monday amid the hawkish outlook for the Federal Reserve.Fresh data from the ADP indicated the US added nearly 100,000 private-sector jobs in June, sli…
