Breakfast News Recap: Binance outflows, Gaza strikes and cyberattacks mark a tense global morning
Binance said users withdrew $3.6bn after a record hack, even as the exchange resumed services in phases and processed $4.649bn in withdrawals and $1.01bn in deposits over the day, leaving a net outflow of about $3.6bn. 🔗In the Middle East, Israeli strikes in Gaza killed eight people in two separate attacks, while the ceasefire remained fragile and violence continued despite the truce. 🔗 Iran also warned that any future war with the United States could last longer than the last round of fighting, after Donald Trump said Washington could carry out more strikes. 🔗Israeli forces kept up a siege on... [Continue Reading]
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Europe Opens Mixed as DAX and CAC Rally, While FTSE, Brent and Precious Metals Slip
Executive summary: European markets opened with a split tone, led by gains in Germany and France, while the broader region lagged. The DAX rose 1.6% and the CAC 40 added 1.0%, but the FTSE 100 and Euro Stoxx 50 were lower. Commodities were under pressure, with Brent crude, gold, silver and platinum all falling sharply, while natural gas and ether moved higher. The move points to a market that is rotating away from defensive and commodity-linked trades and into selected European equities. [Continue Reading]
Tokyo closes lower as KOSPI surges, gold and silver slide, and oil eases across Asia-Pacific trading
Executive summary: Asia-Pacific trading ended with a split picture: Seoul led regional gains with a sharp KOSPI rally, while Tokyo finished slightly lower. Commodities were mixed to weaker, with gold, silver and platinum all falling, WTI crude easing, and natural gas higher. FX moves were modest, with the yen a touch weaker and the yuan firmer against the dollar. The session points to a market still balancing risk appetite in equities against a broad pullback in precious metals and softer energy prices. [Continue Reading]
US Senator Chris Murphy Hospitalized After Stroke at Son's Hockey Game
US Senator Chris Murphy has been taken to hospital after suffering a stroke on Saturday, according to his team. The Connecticut Democrat was at his son's hockey game when he began feeling numbness in his arm and was taken for medical treatment. His team said doctors were encouraged by his progress and that he was awake and alert.The 53-year-old was later found to have experienced a stroke in hospital, his team said in a statement shared with US media. They said they were optimistic he would make a full recovery. Murphy is not up for re-election in this midterms cycle,... [Continue Reading]
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Tokyo Opens Mixed as Nikkei Edges Lower, Kospi Surges, and Commodities Send a Split Signal
Executive summary: Tokyo and broader Asia-Pacific markets opened with a mixed tone, as Japan’s Nikkei 225 slipped while South Korea’s Kospi jumped more than 5%. The move came alongside a sharp rally in natural gas, firmer WTI crude, and a broad selloff in precious metals, with gold, silver, platinum, and palladium all under pressure. FX was comparatively calm, with USD/JPY slightly higher and USD/CNY lower, while the Hang Seng and ASX 200 posted modest gains. [Continue Reading]
