The gold extended losses on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. Policymakers sounded increasingly hawkish amid the strength of economy. Vance said the talks in Switzerland were continuing and Tehran had agreed to permit the IAEA inspect

Most emerging Asian stocks slumped on Tuesday, driven by a sharp pullback in South Korea, while currencies in the region remained weak as uncertainty around the peace talk between Iran and the US. The Hong Kong's market have significantly underperformed Japan and South Korea. Goldman Sachs cut Hong

Sterling inched down on Monday after US-Iran peace talks stretched into their second day in Switzerland. Shipping data showed the number of ships that passed through the waterway fell sharply on Sunday. British PM Starmer was considering his political future, after rival Andy Burnham's decisive elec

Oil prices fell in early trading on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive sanctions. The Fed held interest rates as expected after Kevin Warsh's first meeting in charge of the central bank. Trump repeatedly pushe

Investors cheered the prospect of a US-Iran peace deal on Monday, but oil price volatility is likely to continue in the near term, as analysts warned that markets will hardly return to normal anytime soon. Israelis have fiercely denounced the new peace agreement, calling it a dangerous capitulation

The yen found little respite on Wednesday despite a weaker greenback. Trump considers to sending details of the agreement with Iran to members of Congress, as lawmakers from both parties are raising questions. Japan's exports in May grew at their fastest pace since November 2022, driven by robust de

The Swiss franc was muted on Tuesday after Trump said a preliminary agreement to end the war has been signed by the US and Iran. Details have yet to be made public but risk-on mood was growing. The SNB will keep its key policy rate for the rest of the year, according to all the economists who respon

The British pound rose to a 1-week high on Monday as Trump's remark ignited hope of energy supply normalisation. He has more than 30 times claimed a peace deal is close to completion throughout the war. Iran's media reported that a draft deal includes a commitment from the US to lift oil sanctions a

The euro was holding near its strongest in a week on Friday. Trump claimed that the US "just made a great settlement of the war with Iran," subject to the "finalization of documents." Iran will treat all of Elon Musk's companies in the Middle East, including SpaceX's Starlink internet service, as mi

Alphabet 's plan to sell $80 billion in shares to fund its AI commitments. Goldman Sachs, JPMorgan Chase and Morgan Stanley are acting as joint book-running managers for the underwritten offerings. OpenAI has confidentially filed for an IPO, setting it up for what may be the most highly anticipated

The Japanese yen was muted Monday, having erased its gains made in the wake of Tokyo's intervention just ⁠over a month ago. The country's growth cooled in Q1 on weak capex, revised data showed. Sources told Reuters that the BOJ is expected to raise interest rates this month. Governor Ueda said polic

Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the US launched a new wave of strikes. OPEC oil output in May hit its lowest in more than two decades, a survey found. Saudi Arabia saw a further decline, although Ir

The yuan held steady on Wednesday after the US launched strikes against Iran. EBC Financial Group analyst said there are still high uncertainties over the Middle East peace prospect. Trump said earlier this week that a deal to end the war in Iran could be reached in "two or three days," and that the