Gold was flat on Monday as fresh Middle East tensions lifted oil prices and a global bond ‌selloff dented risk appetite. Gold has lost its safe-haven status since the war in Iran. Treasury yields jumped to the highest level since May 2025, after Warsh grapples with an increasingly complicated inflat

The South Africa rand and other EM currencies dipped at the start of Asian trading on Tuesday after Trump said he had paused a planned attack ‌against Iran to allow negotiations. The EM carry trade has bounced back from its Iran war losses as surging oil prices reinforce expectations that interest r

The Nasdaq 100 easily set a fresh all-time peak with a boost from chipmakers this week, overlooking hotter-than-expected inflation data amid deadlock in the Strait of Hormuz. The rally comes after Big Tech underperformed the first three months of the year. Investors stick to the idea that AI is a se

Oil prices edged up on Thursday as investors awaited a high-stake meeting between US President Trump and his Chinese counterpart Xi Jinping later in the day. They are expected to discuss the war in Iran. Iran appears to have tightened its control over the Strait ⁠of Hormuz, cutting deals with Iraq a

British markets came under selling pressure Friday after a key member of the UK government quit his post, raising speculation about a leadership challenge to PM Starmer's position. Andy Burnham, the Greater Manchester mayor, attempts to return to the House of Commons as an MP, after Wes Streeting re

The DAX 40 closed much lower on Tuesday as dimming hopes for a US-Iran peace deal weighed on risk sentiment. ZEW economic sentiment unexpectedly improved in May, although it remained in negative territory. Germany's inflation accelerated slightly to 2.9% in April. ECB policymaker ⁠Joachim Nagel said

Global investors are back to Asia to ride the wave of AI hardware. South Korea remained a major beneficiary, overtaking Canada's as the world's seventh largest stock market in May. JPMorgan strategists are increasingly recommending bets on more gains of it, just as traders chasing the rally push up

The Turkish Lira languished around its record low on Tuesday, after the US began blocking ships from entering or exiting Iranian ports in the Strait of Hormuz, attempting to bring Iran back to the table. Credit rating agency Fitch revised Turkey's outlook to "stable" from "positive", citing a sharp

The Chinese yuan breached 6.8 per dollar Monday after Trump rejected an Iranian counteroffer to a proposal to end the war. Washington wants assurances that Iran will end its nuclear program as part of any peace deal. Iran did not agree to demands regarding its nuclear programme, instead calling for

The yen lost ground on Tuesday as talks to end the war in the Middle East showed no signs of progress, fanning fears that interest rates may need to stay higher to tackle persistently high inflation. Having ⁠supposedly spent nearly $63.7 billion in the current round of interventions, analysts say To

Asia's largest oil buyers have been leaning on workarounds to limit the impact of high oil prices, shielding not only their own economies but their neighbours in urgent need of supply. The measures range from bilateral agreements with Tehran to tapping cargoes of Russian and Iranian oil already on t

Japan stocks rose more than 5% on Thursday, with the benchmark Nikkei 225 hitting 62,000 for the first time as Asia-Pacific markets rallied despite renewed tensions in the Middle East. Shares in SoftBank Group soared 16.5% amid renewed AI optimism. Chip-testing equipment maker Advantest rose nearly

Oil prices were up more than 1% on Friday after renewed fighting in the Strait of Hormuz threatened a shaky ceasefire. Iran accused the US of violating the two countries' fragile ceasefire. A federal court ruled against the new global tariffs that Trump imposed after a stinging loss at the Supr