Daily-Wrap

Macro Update:The US has imposed sanctions on Rosneft and Lukoil, Russia’s two largest oil producers, as the Trump administration ramps up pressure on Moscow to negotiate an end to the war in Ukraine. These are the first sanctions against Russia since Donald Trump returned …

Macro Update:Gold prices plunged more than 5% on Tuesday, marking their biggest single-day decline since 2020, reversing the record-breaking rally seen earlier this year. The precious metal had surged 25% over the past two months amid investor concerns over rising government debt, and safe-haven …

Macro Update:US President Donald Trump and Australian Prime Minister Anthony Albanese on Monday inked an agreement on rare earths and critical minerals, aiming to secure a reliable supply amid rising global competition. Meeting at the White House for their first summit, Trump noted the …

Macro Update:After a week of talks marked by persistent trade spats and intensifying geopolitical distrust, the world's finance chiefs found themselves awaiting the outcome of a potential summit between US President Donald Trump and Chinese President Xi Jinping. In Washington, the mood during the …

Macro Update:The U.S. budget deficit has narrowed byUSD 41 billiontoUSD 1.775 trillionin the 2025 fiscal year, despite aUSD 118 billionrise in revenues from President Donald Trump's tariffs, the Treasury Department reported on Thursday.

Macro Update:Australia’s unemployment rate unexpectedly jumped to 4.5% in September, prompting bond investors to swiftly anticipate a potential interest rate cut by the Reserve Bank of Australia next month. Economists had forecast a smaller rise from 4.2% to 4.3%, but the stronger-than-expected figure, the …

Macro Update:According to Reserve Bank Chief Economist Sarah Hunter, underlying inflation was likely stronger than the RBA had anticipated last quarter, dampening expectations of further interest rate cuts. Meanwhile, US Federal Reserve Chair Jerome Powell indicated the central bank remains on track to lower …