Breakfast News Recap: Myanmar strike toll climbs as Ukraine, Nepal and Iran tensions deepen
At least 49 people have been killed in an airstrike near a market in Myanmar's Rakhine state, according to the Arakan Army and a senior rescue official, in one of the deadliest recent attacks reported from the conflict zone. đź”—In Ukraine, Russian drone and missile strikes hit Kyiv and Dnipro on 28 September, killing at least seven people and wounding more than 80, while a separate rescue effort is under way to extract teenage boys from Russian controlled territory. đź”— đź”—Nepal is also dealing with a severe weather emergency after storms triggered fresh landslides, flooding and an avalanche, leaving at... [Continue Reading]
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Europe opens mixed as oil and metals slide, easing pressure on equities and FX
Executive summary: European markets opened with a cautious tone, as the FTSE 100, DAX and CAC 40 slipped while the Euro Stoxx 50 was marginally higher. The biggest move in the early session came from commodities, where Brent crude fell sharply, alongside declines in gold, silver, platinum and palladium. The weaker commodity backdrop was accompanied by softer euro and sterling exchange rates against the dollar, while Ether edged higher. [Continue Reading]
Australia raises interest rates to 15-year high amid inflation pressure
Australia's central bank has raised its benchmark interest rate to a 15-year high, increasing borrowing costs for households and businesses across the country. The Reserve Bank of Australia lifted the cash rate by 0.25 percentage points to 4.6%, the highest level since 2011. The move comes as policymakers continue to confront persistent inflation and renewed pressure on energy prices.The bank said inflation remained elevated and that previously identified upside risks had materialised. In a statement, its monetary board said there were heightened uncertainties about domestic economic activity and inflation. It added that the unresolved Middle East conflict and global oil... [Continue Reading]
Iran expects US response on Tuesday as Hormuz talks continue
Iran's foreign minister says Tehran expects a formal response from the United States on Tuesday to its proposal to reopen the Strait of Hormuz. Abbas Araghchi said Qatari intermediaries had presented ideas and would take the matter back to the American side before relaying Washington's final answer. He said the focus was now solely on the strait, and that reopening it depended on conditions Iran had already communicated.According to the supplied report, Iran is seeking guarantees that include a regional ceasefire, the lifting of sanctions on its oil sector, the unfreezing of Iranian assets abroad and an end to the... [Continue Reading]
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Tokyo and Asia-Pacific Close Mixed as Nikkei Extends Gains, Gold and Energy Retreat
Executive summary: Tokyo finished higher, led by the Nikkei 225 and its ETF proxy, while Hong Kong, Australia and South Korea ended lower. The broad tone across Asia-Pacific was cautious, with sharp declines in gold, silver, palladium and natural gas reinforcing a risk-off, de-inflationary commodity backdrop. The yen and yuan were little changed against the dollar, while WTI crude eased and Ether edged higher. [Continue Reading]
Tokyo Opens Higher as Nikkei Extends Gains, While Precious Metals and Hong Kong Stocks Slide
Executive summary: Tokyo and broader Asia-Pacific trading opened with a mixed tone, led by a firmer Nikkei 225 and a stronger Nikkei 225 ETF, while Hong Kong and Australian equities were softer. The sharpest moves in the supplied data were in precious metals, where gold and silver fell hard, alongside a rise in WTI crude and a steady yen. The pattern points to a market still balancing higher energy prices, firmer rate expectations, and selective equity strength in Japan. [Continue Reading]
Wall Street Slips as Mega-Cap Tech, Financials and Gold Retreat, While Energy and Chips Hold Up Better
Executive summary: U.S. equities finished lower, with the S&P 500, Dow Jones and Nasdaq all declining as investors rotated away from several high-profile names and into a mixed defensive backdrop. Amazon, Tesla, Meta and gold were among the sharpest decliners, while Microsoft, Nvidia, natural gas and WTI crude posted gains. The move points to a market still sensitive to rate, commodity and risk appetite shifts, with small caps and financials also under pressure. [Continue Reading]
Europe closes lower as gold and silver slide, Brent eases below $101 and dollar firms
Executive summary: European equities ended the session modestly lower, while a sharp selloff in precious metals and a softer tone in Brent crude shaped the broader cross-asset picture. The FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all finished in the red, with gold and silver posting the day’s biggest moves. Natural gas was the standout gain, and the dollar strengthened against both the euro and sterling. [Continue Reading]
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Wall Street Opens Lower as Oil Jumps and Gold Slips, Tech Holds Up Better Than Cyclicals
Executive summary: U.S. stocks opened weaker in early trading, with the S&P 500, Dow Jones, Nasdaq Composite and Russell 2000 all in the red as higher crude prices and a broad move out of defensive and financial exposures weighed on sentiment. Energy was the main pocket of strength, while gold, silver, banks, defense and small caps led the downside. AI and chip shares held up better than the broader market, offering a modest offset to the risk-off tone. [Continue Reading]
Europe opens lower as oil, gold and sterling swing sharply, Brent drops 4.1% and FTSE slips
Executive summary: European equities opened softer, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all in the red as a sharp drop in Brent crude, a slide in gold and weakness in sterling shaped the early tone. The move comes alongside firmer natural gas, a stronger dollar against the euro and pound, and a mixed risk backdrop that also saw global autos outperform. The opening pattern suggests investors are balancing lower energy prices against broader caution around rates, geopolitics and commodity volatility. [Continue Reading]
Tokyo and Asia-Pacific Close Higher as Nikkei Surges, Gold Slumps and Oil Firms
Executive summary: Tokyo and broader Asia-Pacific trading ended with a clear risk-on split, Japanese and Korean equities rallied sharply while Hong Kong and Australian shares slipped. The Nikkei 225 jumped +2.7%, the Kospi rose +2.9%, and the Nikkei 225 ETF tracked the move higher. In commodities, gold and silver sold off hard, while WTI crude extended gains. FX moves were modest, with USD/JPY little changed and USD/CNY edging higher. [Continue Reading]
Ireland sees higher energy, fuel and mortgage costs after Iran war escalation
Irish consumers are paying more for fuel, energy and mortgage repayments after the escalation of the war involving Iran, according to a report published on Sunday. The article says the latest conflict in the Middle East has continued for nearly seven months and is still feeding through to household costs in Ireland. It links the increases to the period after the United States began launching strikes on Iran at the end of February.The report says diesel and petrol prices in Ireland were around €1.70 a litre at the end of February, before the escalation intensified. It says diesel is now... [Continue Reading]
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Australia faces diesel price spike as US export curbs are considered
Australian diesel prices could rise above $3 a litre if the Trump administration moves ahead with a ban on US diesel exports, according to market reporting on Thursday. The warning comes as fuel costs climb amid disrupted global supply and renewed pressure on international oil markets. Canberra is currently recording the highest diesel price among the capital cities, at 298.7 cents per litre.The same reporting said unleaded petrol in Canberra was priced at 250 cents per litre, while diesel prices in other cities were not far behind. Prices have risen by nearly 40 cents a litre since the start of... [Continue Reading]
OECD trims UK growth outlook for 2027 amid Middle East conflict spillovers
The UK economy is now expected to grow slightly less than previously forecast in 2027, according to the OECD, which linked the downgrade to the ongoing conflict in the Middle East and higher fuel prices. The Paris-based organisation said the UK will expand by 1.0% in 2027, down from an earlier estimate of 1.1%. It also raised its forecast for UK growth in 2026 to 1.1%, from 0.9%.The OECD said the short-term outlook for 2026 had improved because of solid domestic demand growth. But it warned that the picture for 2027 was weaker, as higher fuel prices were expected to... [Continue Reading]
THE GROWTH ILLUSION: HOW GDP TRICKERY MASKED THE DEATH OF THE MIDDLE CLASS
We are fed a daily diet of triumphant economic headlines. The S&P 500 hits record highs, corporate earnings smash forecasts, and central bankers beam at GDP charts pointing up and to the right. Politicians line up to remind us how much "wealthier" we are compared to our parents or grandparents. On paper, they are right. The average worker makes vastly more dollars today than at any point in human history. But step outside the spreadsheet and into the street, and the math fails the reality test. If we are so undeniably prosperous, why does buying a modest home feel like... [Continue Reading]
Dubai Property Market Faces Litmus Test as Nakheel Waterfront Investors Await Final Judicial Verdict
Hundreds of international and local investors who purchased land plots in Nakheel’s massive "Waterfront" project nearly two decades ago are holding their breath. Following the official cancellation of the project by the Dubai Land Department and its integration under Dubai Holding, a special judicial committee appointed by His Highness Sheikh Mohammed bin Rashid Al Maktoum has been tasked with resolving the liquidation and settling investor claims. ​Because the decisions of this specialized committee are legally binding and final, with no avenue for appeal, the upcoming rulings are being viewed as a critical turning point for the regulatory reputation of Dubai's... [Continue Reading]
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Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]




