US inflation slows in July as energy prices briefly retreat amid Strait of Hormuz disruption
US consumer inflation slowed in July as energy prices eased briefly, but the data still showed persistent pressure from fuel costs linked to disruption in the Strait of Hormuz. Consumer prices rose 0.1% from June and were 3.4% higher than a year earlier, according to the Department of Labor's Bureau of Labor Statistics. The figures point to a modest monthly cooling, while leaving the broader inflation picture elevated.Energy prices fell 1.5% over the month, yet remained 14.7% higher than in July last year. Petrol prices dropped 2.9% month on month, but were still up 39.1% year on year, underscoring how... [Continue Reading]
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Russia economy under strain as deficit widens and strikes deepen
Russia's economy is showing fresh signs of strain as a widening budget deficit and deeper Ukrainian strikes test its resilience. A new report says growth is expected to slow to its weakest pace since 2022, even though Moscow has so far withstood years of Western sanctions and war spending. The picture is complicated by a separate windfall from higher global energy prices linked to the war in the Middle East, which has lifted Russian oil revenue.The report says the budget deficit is widening and that Ukrainian strikes are reaching deeper into the economy. It also says Russia still has more... [Continue Reading]
Tokyo and Asia-Pacific Close Mixed as Oil, Gold and Yen Moves Reprice Risk Appetite
Executive summary: Tokyo and broader Asia-Pacific markets finished mixed, with the Nikkei 225 and Nikkei-linked ETF advancing while Hong Kong, Seoul and Sydney slipped. The session was dominated by a sharp jump in WTI crude, a stronger US dollar against the yen, and a broad rally in precious metals, all of which pointed to a market still balancing growth concerns, inflation risk and geopolitical sensitivity. [Continue Reading]
Tokyo and Asia-Pacific Close Higher as Nikkei Surges, Oil and Gold Jump on Inflation-Risk Trade
Executive summary: Tokyo led a broadly firmer Asia-Pacific session, with the Nikkei 225 and Nikkei ETF both posting strong gains as commodity prices spiked and the yen weakened. WTI crude, gold, silver and natural gas all advanced sharply, while Hang Seng and Kospi slipped modestly. The move points to a market leaning toward inflation hedges and cyclical exposure, even as some regional equity benchmarks lagged. [Continue Reading]
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Europe closes higher as oil and precious metals surge, DAX leads regional gains
Executive summary: European equities finished broadly higher, with the DAX leading major benchmarks and commodity-linked assets driving the day’s biggest moves. Brent crude jumped sharply, gold and silver extended strong gains, and the euro and pound firmed against the dollar, while ether slipped. The move set points to a market still balancing growth optimism, inflation sensitivity, and renewed attention on energy costs. [Continue Reading]

