US President Donald Trump addressed multiple topics on Tuesday, weaving his way through them in his typical proclamatory fashion, speaking to reporters from the White House.
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari struck a more reserved tone than some of his Fed counterparts on Tuesday, cautioning that it's still too soon to be able to tell if tariff-led inflation will be "sticky" or not.
Federal Reserve (Fed) Board of Governors member Stephen Miran made another long-winded appearance on Tuesday, reiterating that he believes any underlying inflation pressures within the US economy are entirely contained within migrant population effects, and will be solved mainly by immigration contr
US stocks move higher at the start of Tuesday’s US session on Wall Street, with the S&P 500 up 0.1%, the Dow Jones Industrial Average (DJIA) gaining 0.3%, and the Nasdaq 100 adding 0.2%.
The Copper price has reached levels close to $10,800 per ton, the highest since May of last year, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
The European benchmark price for gas (TTF) jumped at the start of the week, trading at nearly EUR 33 per MWh, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
The eight OPEC+ members that had recently voluntarily reduced their production decided over the weekend, as expected, to further scale back their production restrictions, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Palladium has also seen a considerable price increase of 44% since the beginning of the year – just yesterday, the price jumped up again. However, it is still lagging behind the other three major precious metals, Commerzbank's commodity analyst Barbara Lambrecht notes.
AUD/USD dropped back to the lower end of its 0.6580-0.6630 range which has been in place since September 30, BBH FX analysts report.
US Dollar (USD) is expected to trade in a range between 7.1340 and 7.1480. In the longer run, upward momentum is starting to build; for a continued advance, USD must first break clearly above 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The latest reports suggest President Macron has given the outgoing Prime Minister Sebastien Lecornu until Wednesday evening to try and work with a fractured parliament to find a new prime minister.