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Oil rises on weaker dollar and Russian supply disruptions
Zelenskiy vows more strikes deep inside RussiaDollar weakens ahead of US labor market reportChina manufacturing activity expands in AugustOPEC+ due to meet on September 7By Shariq Khan and Seher Dareen NEW YORK/LONDON, Sept 1 (Reuters) - Oil prices rose more than 1% on Monday on concerns that int...Reuters
34 minutes ago
Trump’s Government Interventionism Takes Shape: A Fourth Industry in the Crosshairs?
TradingKey - Using Intel as a model, the Trump administration is shaping a new form of “state capitalism” — “subsidies for equity.” By examining cases like Intel, defense contractors, and Fannie Mae and Freddie Mac, experts are identifying the selection criteria behind Trump’s interventionist
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4 hours ago
The Hidden Cost of U.S. Chipmaking Controls: Korean Memory Giants Pay the Price, Alibaba Grins
TradingKey - As Nvidia CEO Jensen Huang previously stated, the U.S. government’s years-long restrictions on exporting chips and advanced technology to China have proven ineffective. On Monday, shares of Samsung and SK Hynix plunged after being removed from the U.S. “Validated End-User” (VEU) list,
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5 hours ago
PRECIOUS-Gold trades near record highs on US rate cut bets; silver at 14-year high
Fed's Daly reiterates support for rate cut, given labour market riskSilver gains more than 2% to breach $40 mark, highest since 2011Platinum up 1.9%By Ishaan Arora and Brijesh Patel Sept 1 (Reuters) - Gold hit a more-than-four-month high on Monday to trade around $30 shy of all-time highs, bu...Reuters
5 hours ago
Deutsche Bank puts India retail banking business up for sale, sources say
NEW DELHI/FRANKFURT, Sept 1 (Reuters) - Deutsche Bank DBKGn.DE is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India.Reuters
6 hours ago
Yuan Appreciation Accelerates on Strong Fixing, but the Road Back to 6 Isn’t Smooth
TradingKey - Since late August, the Chinese yuan has entered a phase of rapid appreciation. Supported by a stronger CNY daily reference rate guidance, domestic policy stimulus, and a weakening U.S. dollar, the offshore yuan (CNH) hit a 2025 year-to-date high last week. Hedge funds and major
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7 hours ago
"Stargate" Heads East? OpenAI Plans Mega AI Data Center in India
TradingKey - OpenAI plans to invest in building a hyperscale data center in India with a power capacity of at least 1 gigawatt (GW). This project will be part of its ambitious "Stargate" AI infrastructure initiative and, upon completion, is expected to rank among India's largest data centers.TradingKey
7 hours ago
Precious Metals Climb as Silver Breaks $40 to Hit a 14-Year High; Markets Await Upcoming Non-Farm Payroll Data
TradingKey - On Monday, September 1st, silver prices surged past $40, marking the first time since 2011. At the time of writing, spot silver is trading at $40.63, up more than 2% on the day and over 40% year-to-date. Other precious metals like platinum and palladium also posted gains, with gold reac
Gold Soars to Four-Month High — Fed Independence Under Threat, Global Risk-Off Sentiment Surges
TradingKey - As of this report, gold prices are surging, with spot gold briefly touching $3,489 per ounce — the highest level since April 23. Silver has also broken through the $40 per ounce mark for the first time in over a decade.U.S. August Nonfarm Payrolls Set to Draw Attention as Broadcom and Lululemon Prepare to Report Earnings【The week ahead】
TradingKey - U.S. stocks closed at record highs last week, yet the three major indexes ended the period in negative territory. The S&P 500 declined 0.1% for the week, while both the Dow Jones Industrial Average and the Nasdaq Composite fell 0.19%.
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8 hours ago
Hedge Funds Bet on Yen Breaking Out of August’s Range Weakness on External Risks
TradingKey - The Japanese yen has been confined to a narrow trading range throughout August, caught between the Bank of Japan’s rate hike prospects and concerns over Japan’s fiscal deficit. Now, with growing external disruptions — including shifts in U.S. monetary policy — hedge funds are increasing
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9 hours ago
Alibaba's Hong Kong Shares Soar 18% as AI Computing Boom Fuels Cloud Revenue
TradingKey - Following Alibaba Group's nearly 13% surge in U.S. trading last Friday after exceeding earnings expectations, its Hong Kong-listed shares soared another 18% on Monday, refocusing global attention on the latest developments in Alibaba's AI business and its profound impact on the...TradingKey
9 hours ago
The Fed’s Fight for Survival — Markets Stay Calm While Economists Sound the Alarm
TradingKey - According to a recent Financial Times survey, most economists believe financial markets are still underestimating the long-term economic damage caused by President Donald Trump’s efforts to politicize the Federal Reserve, warning that an independent central bank could become a governmenTradingKey
9 hours ago
Gold rallies to over four-month top amid Fed rate cut bets, weaker USD, geopolitical risks
Gold (XAU/USD) gains strong follow-through traction at the start of a new week – marking the sixth day of a positive move in the previous seven – and jumps to the $3,486 area, or the highest level since April 22, during the Asian session. The US inflation data released on Friday did little to dent mFxstreet
11 hours ago
Asia factory activity shrinks as US tariffs bite, China bucks trend
TOKYO, Sept 1 (Reuters) - U.S. tariffs took a toll on factory activity across Asia, overshadowing a surprisingly upbeat performance in China, private surveys showed on Monday, keeping pressure on policymakers to underpin the region's fragile economic recovery.Reuters
11 hours ago
