Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Oil prices extended their rally on Monday, building on Friday’s gains of over 2%, driven by growing geopolitical tensions and possible U.S. sanctions on Russia. Brent crude futures rose by 8 cents to $70.44 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 5 cents to $68.50.
The market is closely watching potential new sanctions from Washington as U.S. President Donald Trump prepares a major announcement on Russia, following his commitment to send Patriot air defense missiles to Ukraine. Trump's dissatisfaction with President Vladimir Putin's continued aggression and lack of progress on peace negotiations has sparked bipartisan momentum for a sanctions bill in Congress, though it still requires Trump’s support.
Meanwhile, European Union envoys are finalizing their 18th sanctions package against Moscow, which could include a reduced price cap on Russian crude, increasing pressure on global supply dynamics.
Despite bullish sentiment from the International Energy Agency (IEA) indicating tighter-than-expected market conditions due to peak summer demand and robust refinery activity, gains were limited. ANZ analysts noted that Saudi Arabia’s oil output exceeded its June OPEC+ quota by 430,000 barrels per day, reaching 9.8 million bpd. However, the Saudi energy ministry claims compliance, citing a marketed crude supply of 9.352 million bpd in line with voluntary targets.
Traders are also awaiting China’s preliminary commodity trade data for signals on demand strength in the world’s second-largest oil consumer. Additionally, uncertainty over U.S. tariff negotiations with major trade partners continues to weigh on investor sentiment, as the outcome could influence global economic growth and future oil demand.
Overall, oil markets remain volatile, driven by geopolitical risks, OPEC+ dynamics, and macroeconomic factors shaping demand forecasts.
