Market Update

The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve in a closely watched vote, marking the start of a new leadership era for the world’s most influential central bank.The confirmation comes at a sensitive moment for the U.S. economy, as inflation remains persistent, global …

In a long-awaited return to Beijing after years of strained relations, US President Donald Trump arrived in the capital of China on Wednesday for his first visit to China since 2017, marking a major diplomatic moment set against a backdrop of deep economic rivalry and political mistrust between the world’s …

The British Pound remained under pressure against the US Dollar as investors reacted to a powerful mix of rising US inflation, strong Treasury yields, and growing political uncertainty in the United Kingdom. The currency has struggled to regain momentum in recent sessions, with the Dollar continuing to attract safe-haven demand …

Global oil prices remained near the crucial $100-per-barrel mark on Wednesday, reflecting growing concerns over tightening supplies, geopolitical tensions, and rising inflation pressures across the global economy. US crude was trading around $101.85, holding close to recent highs despite some market volatility during the session.Middle East tensions continue to support …

Hot US inflation data sparks fresh market anxiety as Wall Street comes under pressure. Wall Street came under renewed pressure on Wednesday after a surprisingly strong US inflation report reignited fears that interest rates could stay higher for longer. Futures tied to the Dow Jones Industrial Average slipped as investors …

Key Takeaways Massive PPI surge: Producer prices rose 1.4% month-on-month in April — nearly triple the 0.5% expected. Largest since 2022: It was the biggest monthly increase since March 2022, during the post-COVID inflation surge. March revised higher: The prior month’s rate was lifted to 0.7%. Annual jump: PPI soared …

Key Takeaways Modest retreat: Brent crude fell 0.5% to $107.26 per barrel, while WTI slipped 0.7% to $101.44. Three-day rally fades: Both contracts had jumped more than 3% Tuesday, but remain well above pre-war levels of around $70. Ceasefire on “life support”: Trump’s stark warning continues to weigh on sentiment …

Key Takeaways Gold edges down: Spot gold slipped 0.4% to $4,699.10 per ounce, while gold futures rose 0.4% to $4,706.72. Tuesday’s pullback: Bullion fell 0.4% in the previous session on a stronger dollar and hot inflation readings. Iran negotiations on “life support”: Trump’s warning continues to weigh on sentiment after …

Key Takeaways Star-studded delegation: Trump confirmed Nvidia CEO Jensen Huang, Tesla CEO Elon Musk, and Apple CEO Tim Cook are aboard Air Force One. CEO lineup expands: The delegation also includes leaders of Blackstone, BlackRock, Boeing, Cargill, Citi, GE Aerospace, Goldman Sachs, Micron, and Qualcomm. Trump’s first ask: The president …

Key Takeaways Broad-based gains: The Stoxx 600 rose 0.7%, Germany’s DAX gained 0.6%, France’s CAC 40 added 0.2%, while the U.K.’s FTSE 100 climbed 0.8%. Historic summit looms: Trump will meet face-to-face with Chinese counterpart Xi Jinping later this week, with trade and Taiwan on the agenda. Iran could steal …