Breakfast News Recap: Ukraine talks widen as Gulf tensions rise and Microsoft outage drags on
US envoys Jared Kushner and Steve Witkoff met President Volodymyr Zelensky in Dublin after earlier talks with Vladimir Putin in Moscow, as European leaders moved closer to a shared position on how Europe should be represented in any future Russia Ukraine peace talks. The Dublin discussions also brought Italy's Giorgia Meloni and UK Prime Minister Andy Burnham together on defence, Ukraine and migration. 🔗 🔗 🔗Across the Gulf, Iran's Revolutionary Guard said it struck a US early warning radar site in Bahrain, while Saudi Arabia said it intercepted suspected Houthi drones over the Riyadh region and the Eastern Province after... [Continue Reading]
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Europe opens higher as DAX leads, oil and dollar strength pressure metals and crypto
Executive summary: European equities opened firmly higher, with the DAX, FTSE 100, Euro Stoxx 50 and CAC 40 all advancing in early trade. The move comes alongside a stronger dollar, firmer Brent crude and a sharp drop in Ether, while gold and silver extend losses after a powerful run-up. The opening tone points to a market that is still rotating toward cyclicals and energy, even as rate-sensitive and precious-metal trades come under pressure. [Continue Reading]
Microsoft 365 outage continues globally as Outlook and Teams remain disrupted
Microsoft services including Outlook and Teams remained disrupted on Friday as the company worked to restore stability to systems used by businesses and government agencies around the world. In its latest update, Microsoft said efforts to improve serviceability were not progressing as expected. The outage affected users across multiple regions, with reports also emerging from the United States and Asia-Pacific.Microsoft said it was identifying alternate workstreams that could increase capacity in the face of sustained traffic management imbalances. The company had earlier said a number of servers were unexpectedly unavailable, and that the problem was not being driven by a... [Continue Reading]
Tokyo Opens With a Risk-On Surge as Nikkei Breaks Higher, Gold and Silver Extend Their Slide
Executive summary: Tokyo and broader Asia-Pacific markets opened with a sharp split in risk appetite, led by a powerful rally in Japanese equities and a steep selloff in precious metals. The Nikkei 225 rose +4.9% to 61,658.25, while the Nikkei 225 ETF gained +5.1%. South Korea’s Kospi jumped +8.2%, but Hong Kong’s Hang Seng fell -3.2%. Gold dropped -5.4% and silver lost -4.7%, while WTI crude climbed +1.9% and USD/JPY moved above 159.8, underscoring a session defined by stronger dollar dynamics, firmer energy, and a rotation away from defensive metals. [Continue Reading]
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Wall Street Opens Lower as Hot Inflation, Higher Yields and Crypto Weakness Pressure Risk Assets
Executive summary: U.S. markets opened under pressure, with the S&P 500, Nasdaq Composite, Dow Jones and Russell 2000 all lower in early trading. The move came alongside a stronger dollar, softer crude, a sharp drop in Ether and Bitcoin, and a notable jump in natural gas. Defensive and rate-sensitive signals were mixed, with defence stocks higher while banks, energy and tech were weaker. [Continue Reading]


