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Commodities
Gold Price Forecast: XAU/USD tumbles below $3,300 on progress in US-China trade talks
The Gold price (XAU/USD) attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower.
Fxstreet
Mon, May 12
Other
Orix Corp Orix - Signs Letter Of Intent To Acquire Majority Interest (Consolidation) In Hilco Global
May 12 (Reuters) - Orix Corp 8591.T:ORIX CORP: ORIX SIGNS LETTER OF INTENT TO ACQUIRE MAJORITY INTEREST (CONSOLIDATION) IN HILCO GLOBALORIX CORP: THE PRICE AND ACQUISITION SCHEDULE ARE UNDER DISCUSSIONReuters
Mon, May 12
Other
INSIGHT-This US-owned factory in China made toys for Walmart. Tariffs put it on life support
Chinese factories face steep tariffs for goods destined for the USFor a US-owned toy factory in China, tariffs are an existential threatCEO could be forced to lay off employees in the US and ChinaBy Nicholas P. Brown May 11 (Reuters) - The emails started pouring in on April 9, the day President D...Reuters
Mon, May 12
Commodities
Gold falls as 'positive' US-China talks erode safe-haven appeal
May 12 (Reuters) - Gold prices slipped on Monday as U.S.-China trade talks ended on a positive note, easing investor anxiety and denting demand for the safe-haven asset.FUNDAMENTALS* Spot gold XAU= fell 1.1% to $3,286.86 an ounce as of 0014 GMT. U.S. gold futures GCcv1 lost 1.6% to $3,291.60.* The UReuters
Mon, May 12
Commodities
Oil prices rise as US-China trade talks soothe market jitters
By Yuka Obayashi TOKYO, May 12 (Reuters) - Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may be moving toward a resolution of their trade dispute. Brent...Reuters
Mon, May 12
Economic Indicator
Fed’s Hammack wants clear data before moving on rates, not much data by June
PALO ALTO, California, May 9 (Reuters) - The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Fed President Beth Hammack said on Friday, noting that much of the administration'Reuters
Mon, May 12
Stocks
GLOBAL MARKETS-Stocks, dollar up on US-China trade hope, details awaited
Asian stock markets : https://tmsnrt.rs/2zpUAr4China cites 'constructive' trade talks with USS&P 500 futures rise 1.2%, Nikkei edges up Dollar modestly firmer vs safe haven currenciesGold eases back, oil prices bounce By Wayne Cole SYDNEY, May 12 (Reuters) - Wall Street stock futures ...Reuters
Mon, May 12
Other
US, China hail 'constructive' Geneva trade talks, details due Monday
GENEVA, May 11 (Reuters) - The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogueReuters
Mon, May 12
Other
PRESS DIGEST- Financial Times - May 12
May 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Migrants will have to spend decade in UK before applying to stay- Donald Trump has shaken Europe out of 'lethargic' habits, say...Reuters
Mon, May 12
Stocks
Stocks, dollar gain on US-China trade talks, detail needed
SYDNEY, May 12 (Reuters) - Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.Reuters
Mon, May 12
Other
US' Bessent hails 'substantial progress' in trade talks with China
GENEVA, May 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that there had been "substantial progress" in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world's two largest economies.Bessent said he woul...Reuters
Mon, May 12
Other
Trump to sign executive order to cut prices of medicine to match other countries
WASHINGTON, May 11 (Reuters) - U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.Reuters
Mon, May 12
Forex
FOREX-Dollar gains versus yen on US-China trade optimism; Kiwi climbs
By Rocky Swift TOKYO, May 12 (Reuters) - The dollar climbed in early Asian trade on Monday after weekend talks between the United States and China eased concerns of a trade war between the world's two biggest economies while global hot spots appeared to cool.The greenback, Treasuries and equi...Reuters
Mon, May 12
