Saudi Arabia is on track to sell a €1.5 billion ($1.58 billion) debut green euro bond after drawing in €7.25 billion of investors bids as it seeks to fund its ambitious economic-transformation plan.The pricing level for the seven-year green note has been tightened by 40 basis points compared to initial …

US Treasury Secretary Scott Bessent reiterated some of President Donald Trump’s policy goals during a hosted event in Australia on Tuesday. Treasury Secretary Bessent reiterated that tariffs remain a key funding source for the Trump administration’s plans moving forward, and that Bessent fully believes that the Trump administration will find …

Richmond Fed President Thomas Barkin anticipates a continued decline in Personal Consumption Expenditure (PCE) inflation data later this week, citing significant progress made by the Federal Reserve. While optimistic, Barkin emphasized the need for a “wait-and-see” approach due to existing policy uncertainties.Key Takeaways:Barkin expects the upcoming PCE report to show …

US consumer confidence plummeted in February, with the Conference Board’s Consumer Confidence Index falling to 98.3 from 105.3, the lowest point since June 2024. This sharp decline reflects weakening views on current business and job market conditions. The Present Situation Index dropped 3.4 points to 136.5, while the Expectations Index, …

The USD/JPY pair fell to near 149.30 on Tuesday, reversing earlier gains that saw it briefly surpass the 150.00 level. This decline was driven by a weakening US Dollar, which suffered due to a sharp drop in US Treasury yields. The 10-year US Treasury yield fell 1.7% to around 4.32% …

Oil Prices Rise on New Sanctions Against Iran and Iraq’s OPEC+ CommitmentOil prices saw an upward movement on Monday due to newly imposed U.S. sanctions on Iran and Iraq’s renewed commitment to the OPEC+ agreement. These factors have raised concerns about near-term supply tightness, helping the market recover from Friday’s …

US President Donald Trump addressed the media on Monday with remarks about the ongoing peacemaking efforts between Ukraine and Russia. With Russia’s military operation in Ukraine stretching over a thousand days, despite initial expectations of a swift conquest, President Trump, who has been seeking to strengthen ties with Russian President …

Dollar Fights Back: Key Data, Fed Speeches on Tap This WeekThe US Dollar began the week on the defensive, hitting multi-week lows, but managed a rebound amidst a confluence of factors including tariff concerns, lower yields, and renewed worries about the US economy’s health. The US Dollar Index (DXY) fell …

The US Dollar (USD) has rebounded after an initial dip, stabilizing around 106.50 on the US Dollar Index (DXY), which measures the USD against six major currencies. Early losses, triggered by positive German election results for the Christian Democratic Union (CDU), quickly subsided as the outcome eased market anxieties about …

The Dow Jones Industrial Average (DJIA) rebounded on Monday, rising over 300 points from its low point, attempting to recover from last week’s losses triggered by disappointing consumer confidence data. While the market opened the week with a positive bias, gains were modest due to lingering concerns.Following concerning consumer sentiment …