Market Minutes

Read snapshots of the latest market news

Trump dealt legal blow as court strikes down global tariffs

A U.S. trade court has struck down most of Donald Trump's emergency-imposed global tariffs, calling them illegal. Markets rallied on the ruling, but uncertainty lingers as the government prepares an appeal.

OPEC+ considers third straight output hike as oil drops toward $60

OPEC+ is weighing a third consecutive production hike of 411,000 barrels per day for July, as crude prices sink and forecasters turn bearish on oil demand for the rest of 2025.

UK inflation surges to 3.5%, markets slash rate-cut bets

UK inflation jumped to a 15-month high of 3.5% in April, driven by energy and administered price increases, prompting markets to scale back expectations for further rate cuts by the Bank of England.

Gold holds above $3,200 as risk sentiment stays firm

Gold prices remain under pressure but resilient above $3,200 amid a stronger risk-on environment, as markets weigh dovish Fed signals, trade developments, and China’s and Australia’s fresh rate cuts.

CPI in focus today

Markets surged on renewed risk appetite after a breakthrough US-China trade truce, while investors brace for US CPI data to gauge the early effects of tariff-induced inflation.

Gold Surges Then Crashes in Whiplash Move

President Trump hinted at an imminent trade announcement involving a “highly respected country,” stirring speculation and market watchfulness

Oil slides on OPEC+ output surge, all eyes on Fed and BoE

WTI crude dropped sharply as OPEC+ accelerated production increases, raising fears of oversupply. Meanwhile, global markets brace for Fed and BoE decisions, plus a barrage of key economic data.

US Job Market Strong, but Cracks Show

Hiring remains solid, but not all sectors are keeping pace

Oil Sinks to Multi-Year Lows

Markets digest weak employment data, dollar strength, and fading safe-haven demand

Cautious optimism dominates as China holds stimulus for later

Asian markets traded quietly on Monday, with China’s muted policy stance and upcoming heavyweight economic data keeping investors cautious but hopeful for a risk asset rebound if incoming figures surprise to the upside.