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Austria's Next Central Bank Chief: Milder Than Predecessor, Has Rebuked Trump Administration

Austrian Economy Minister Kocher attends a news conference in Vienna · Reuters By Francois Murphy and Alexandra Schwarz-Goerlich

Kevin Du

Macron Backs Bayrou’s Confidence Motion, Rules Out Resigning

French President Emmanuel Macron reiterated his support for Prime Minister Francois Bayrou’s decision to call a confidence vote

Devin

US Revokes Palestinian Officials' Visas Ahead Of UN Meeting, State Dept Says

The U.S. is denying and revoking visas from members of the Palestine Liberation Organization and the Palestinian Authority ahead of the United Nations General Assembly meeting in September, the State Department said on Friday.

Thomas

Chips-for-rare-earths Is US-China Circuit Breaker

Which will last longer: China's stranglehold on critical minerals including rare earths, or the U.S.-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come.

Winkelmann

Argentina Again Tightens FX Rules For Banks As Peso Strengthens

Argentina increased foreign-currency restrictions at commercial lenders yet again, as President Javier Milei’s government ramps up efforts to support the peso and ease inflation ahead of midterm elections.

James Whitman

Thai Prime Minister Removed By Court, Triggering Power Scramble

Thailand's Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra on Friday for an ethics violation, in another crushing blow to the Shinawatra political dynasty that triggered a flurry of deal-making aimed at filling the void.

James Whitman

EU To Scrap Tariffs On US Goods To Pave Way For Lower Car Duties

BRUSSELS (Aug 28): The European Commission proposed on Thursday removing duties on imported US industrial goods in return for re

Winkelmann

US Consumer Spending Strong In July; Services Inflation Warms Up

Consumer spending increases 0.5% in July.Core PCE price index rises 0.3%; up 2.9% year-on-year.Goods trade deficit widens 22.1% to $103.6 billion.

Damon

News

US Appeals Court Rules Wide Swath of Trump's Tariffs Illegal

Those tariffs face legal limbo in an appeals court case that could be decided within days.

Manuel

Morgan Stanley Asks Fed to Lower Bank’s Capital Requirement

The central bank’s announcement formally wraps up its annual stress-tests exercise, a multistep process that assesses how the nation’s largest lenders are likely to perform under hypothetical economic conditions.

Manuel

Oil Slides to Monthly Loss as Traders Weigh Glut, Geopolitics

The commodity’s slump deepened on Friday after US consumer sentiment declined to a three-month low, reflecting concerns that tariffs will hurt the economy.

Manuel

Dow, S&P 500, Nasdaq Slide as Nvidia Leads Tech Losses After PCE Inflation, Consumer Data

Friday's data comes after signs of a resilient economy helped lift the S&P 500 and Dow Jones Industrial Average to new all-time highs on Thursday.

Manuel

Bitcoin Signals Uptrend Resumption in Late September Based on Holding Patterns

Potential rate cuts in September and crypto ETF approvals in October add to the bull case.

Manuel

Cook Hearing Ends With Tough Questions But No Judge Ruling

Cook lawyer Abbe Lowell spent more than an hour fielding questions from the judge over what cause the president needs to fire a Fed governor and whether Trump acted on an improper pretext.

Manuel

DeepSeek Fuels Return to Profit for Chinese Tech Champion Huawei

Huawei returned to profit in H1 2025 as AI boom from DeepSeek boosted demand for its Ascend chips. Revenue rose 4%, smartphones rebounded, and EV ventures plus cloud AI restructuring added momentum.

Adam

Alibaba’s cloud unit shines even as rivalry heats up in China’s ‘instant commerce’ space

Alibaba beat profit forecasts with net income up 78%, driven by strong cloud growth and e-commerce revival. Despite heavy instant commerce investment and softer revenue, shares surged 40% this year on AI-fueled cloud momentum.

Adam

Trump tariffs are increasingly forcing countries to pick sides between the US and China

Trump’s escalating tariffs are pressuring nations to pick sides. India leans toward Russia and China despite U.S. penalties, while Mexico edges closer to Washington. Other allies like Japan, South Korea, and the EU navigate uneasy trade compromises.

Adam

Nvidia's Big Tech clientele looks like a vulnerability but acts like a chokehold

Nvidia’s reliance on a few Big Tech clients looks risky but instead reinforces its dominance. Despite rivals building chips, Nvidia’s unmatched products and \$3–4 trillion AI demand projections secure its industry chokehold.

Adam

Pre-Budget Lift for Rachel Reeves as UK Business Confidence Rises

Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014

Warren Takunda

Looming U.S. stagflation and gold’s record of multi-year bull runs mean there’s still plenty of price upside – Fidelity’s Samson

Fidelity’s Ian Samson sees gold’s multi-year bull run continuing, driven by looming U.S. stagflation, sticky inflation, Fed rate cuts, deficits, and global reserve diversification. He says gold remains the ultimate safe-haven asset.

Adam

US Consumer Sentiment Declines on Dimmer Views of Economic Outlook

US consumer sentiment declined to a three-month low as tariff-related concerns about the economic outlook and inflation persisted.

Michelle

CNBC’s Inside India newsletter: India’s three-way balancing act: Tariffs, oil, and uneasy handshakes

India faces a delicate balancing act: U.S. tariffs strain trade, Russia supplies cheap oil crucial for stability, and China remains a strategic rival yet vital economic partner. Modi pursues “strategic autonomy” amid mounting pressures.

Adam

Israel Pounds Gaza City Outskirts As Military Push Quickens

Israel intensifies operations around Gaza City, ending aid delivery pauses; Global outcry over starvation in Gaza amid Israeli military actions; Body of hostage Ilan Weiss recovered by Israeli forces.

Glendon

Elephant-dragon Tango: Modi's Visit To China Signals Improving Ties — Will The Bonhomie Last?

When Foxconn recalled hundreds of Chinese engineers from a factory in India last month, reportedly following Beijing's directions to curb technology transfer to its neighbor, it was a reminder of the uneasy ties between two of Asia's largest economies.

Winkelmann

The Nvidia Earnings Train Keeps on Rolling

Nvidia beat earnings expectations with \$46.7B revenue, 72% margins, and \$60B buybacks. Data centers drive 88% of sales. Despite strong growth, shares dipped as investors locked gains after a major market rally.

Adam

Gold Approached Upper Limit of The 4-Month Trading Range

Gold is trading above $3,400 again at the end of the week. The upper limit of the trading range, within which the price has been fluctuating since April, is close to $3,430.

FxPro

Oil faces uphill struggle as supply glut worries mount: Reuters poll

A Reuters poll shows oil prices will struggle in 2025 as OPEC+ output hikes and weak demand risk a surplus. Brent seen averaging \$67.65, WTI \$64.65, with geopolitical risks limiting upside.

Adam

Rupee plunges to all-time low on steep US tariffs, logs 4th month of loss

The Indian rupee hit a record low above 88 per dollar after steep U.S. tariffs doubled duties to 50%, deepening trade and capital outflow pressures, threatening growth, and extending a four-month losing streak.

Adam

Canada on Course for Cashless Economy as Digital Payments Rise

Cash payments are expected to account for just 10% of all consumer spending in Canada by 2030.

Warren Takunda

Natural Gas and Oil Forecast: IEA Surplus Outlook vs. Geopolitical Risks

Oil and gas markets face surplus forecasts versus geopolitical risks. Natural gas holds bullish above \$2.91; WTI and Brent trade in tightening triangles, with upcoming breakouts likely to set sharp directional moves.

Adam

German Inflation Breaks 2%, Clouding Chances of A September Rate Cut

The just-released flash estimate of German inflation for August brought an end to the disinflationary process of the last months.

ING

Investing In Space: Made In Russia

Smartphone enthusiasts can pick up fresh gear nearly every year — rocket aficionados usually face a longer wait.

Winkelmann

U.S. PCE, European inflation and "de minimis" exemption - what’s moving markets

Markets are cautious ahead of U.S. PCE inflation data, with futures slightly lower. Europe also awaits inflation prints. Trump ended the “de minimis” exemption, raising import costs. Oil faces weekly gains but monthly losses.

Adam

US Reports Solid July Consumer Spending; Core Inflation Firmer

U.S. consumer spending increased solidly in July while underlying inflation picked up as tariffs on imports raised prices of some goods, but that data will probably not prevent the Federal Reserve from cutting interest rates next month against the backdrop of softening labor market conditions.

Glendon

Canadian Economy Shrinks 1.6% As Trade War Crushes Exports

The Canadian economy contracted for the first time in nearly two years as the trade war with the US pinched exports and business investment.

Michelle

Markets Today: German Unemployment at 10 Year Highs, FTSE Slides on Head & Shoulders Breakout. US PCE Up Next

Asian stocks rose modestly, led by China’s rally, while Europe slipped ahead of key inflation data. German unemployment hit a 10-year high. Oil eased, gold held gains, FTSE broke head-and-shoulders support.

Adam

London Midday: Stocks Fall as Banking Sector Hit; US PCE Eyed

London stocks fell on Friday, led by banks after a think tank floated the idea of a windfall tax on the sector, dragging the FTSE 100 down 0.3%. NatWest, Lloyds and Barclays were the biggest losers, while business confidence rose despite weaker economic optimism.

Warren Takunda

European Midday Briefing: Shares Fall Ahead of U.S. Inflation Data

European shares fell before U.S. inflation data, pressured by UK tax concerns, while defense stocks rose. Dollar strengthened, bonds traded cautiously, oil slipped, gas declined, gold steadied, and EU inflation slowed.

Adam

USD/JPY Technical: Eyeing The Ascending Range Support of 145.50

Today’s Tokyo inflation data and August consumer confidence figures reinforce expectations of a potential 25-basis-point rate hike by the Bank of Japan in October, as it continues along its path of monetary policy normalization.

Blue River

Germany's Ruling CDU Party Targets Afghan & Syrian Benefit-Recipients In Push To Cut "Unsustainable" Welfare Budget

Germany’s ruling CDU/CSU bloc is demanding stricter limits on welfare, with party leaders pointing to high rates of reliance on the citizen’s allowance among Afghans and Syrians.

Samantha Luan

Economists See Slow US Growth, Stubborn Inflation Well Into 2026

(Aug 29): Economists anticipate ho-hum US economic growth for the remainder of the year and well into 2026, with steady, tariff-driven inflation buffeting consumers.

Michelle

India's Economy Unexpectedly Picks Up Steam Despite Trump's Tariff Threats

India's economy unexpectedly gathered strength in the April-June quarter, defying expectations of slower growth as steep U.S. tariff hikes threaten to weigh on business activity in coming quarters.

Glendon

China Urges Disciplined Growth in AI Sector Amid Surging Investment and Overcapacity Risks

Beijing has cautioned against uncoordinated and excessive competition in the artificial intelligence sector, urging a balanced and complementary development model across provinces to avoid repeating past mistakes in overinvestment....

Gerik

North Korea Achieves Highest Economic Growth Since 2016 Amid Deepening Ties with Russia

North Korea’s economy expanded by 3.7% in 2024, its fastest pace in eight years, fueled by increased cooperation with Russia and a surge in industrial production, particularly in the heavy chemical and mining sectors....

Gerik

Gold Set to Post Monthly Gain; All Eyes on PCE Data

US dollar set for monthly loss of 2.2%; Focus on US inflation data later today; Larger-than-expected uptick in PCE may be negative for gold - analyst.

Michelle

Reliance Faces Strategic Crossroads as Russian Oil Deals Draw U.S. Scrutiny

Reliance Industries' reliance on discounted Russian crude has drawn political attention ahead of its annual meeting, putting pressure on Mukesh Ambani’s $214 billion empire as U.S. tariffs escalate and calls for realignment intensify....

Gerik

German Unemployment Tops Three Million For First Time In A Decade

The number of unemployed people in Germany has topped three million for the first time in a decade, labour office figures showed on Friday, raising the stakes for the government's huge investment plans to deliver quick results.

Samantha Luan

China Signals Yuan Strengthening as Economic Momentum Builds and Tariff Pressure Eases

The People’s Bank of China is allowing the yuan to appreciate modestly amid strong export data and easing trade tensions, signaling a strategic shift to support domestic demand and bolster China’s negotiating position with the U.S....

Gerik

Alphabet (GOOGL) Shares Set An All-Time High

As the chart of Alphabet shares shows, the price in August exceeded the February high. For the first time in history, the close price moved above $210.

FXOpen

Trump’s Tariff Strategy Forces Global Realignment as Nations Navigate Economic Pressure

U.S. tariff expansions under President Trump are compelling nations to choose between aligning with Washington or deepening ties with China and Russia, with India drifting toward Beijing and Mexico leaning into U.S. influence....

Gerik

U.S. Tariff Pressure Threatens Korea's Growth Outlook and Industrial Ecosystem

The Bank of Korea warns that new U.S. retaliatory tariffs could slow South Korea’s economic growth and disrupt domestic industry, even as the country secures moderate concessions in trade negotiations....

Gerik

Gold Nears Historic High as Traders Eye Inflation and Fed Independence Risks

Gold prices continued their upward trajectory this week, inching toward April’s record amid mounting inflation expectations, dovish Fed signals, and concerns over central bank independence....

Gerik

Binance Futures Trading: Urgent Halt Resolved, What Caused The Market Mystery?

Recently, Binance futures trading experienced a sudden, albeit brief, disruption that sent ripples across the market. This incident left many traders wondering what exactly happened and what it means for the stability of their investments.

Samantha Luan

Resilient Growth and Strong Equities Signal Economic Vitality Despite Tariff Tensions

U.S. GDP beat expectations and the S&P 500 hit a record high, reflecting robust consumer and corporate activity, while Nvidia's earnings and global political shifts hint at lingering risks amid market optimism....

Gerik

European Markets Brace for Inflation Reports as Rate Cut Bets Intensify

European equities opened with mixed signals ahead of key inflation data from major EU economies and the U.S., while rate cut expectations rise following dovish comments from Fed Chair Powell....

Gerik

German Auto Industry Pressures U.S. to Fulfill Tariff Cut Promise Following EU Initiative

Germany's VDA urges the U.S. to immediately reduce tariffs on EU auto imports to 15% after the EU began removing duties on American goods, warning that delays cause significant financial harm....

Gerik

Binance Halts Futures Trading Amid Technical Disruption

Binance has temporarily suspended all futures trading activities, citing undisclosed issues while assuring users that restoration efforts are underway....

Gerik

RBA Flags Financial Stability Risks From Private Market Expansion

The Reserve Bank of Australia (RBA) has warned that the global shift of financing toward private markets is making it harder for regulators to monitor and contain systemic risks...

Gerik

Iron Ore Climbs for Second Month as China Weighs Steel Output Limits

Iron ore is set for its first consecutive monthly advance in 2025, buoyed by Chinese steel output restrictions that are expected to ease pressure on struggling mills and support steel prices...

Gerik

End of U.S. De Minimis Exemption: Higher Costs for Shoppers, Strain on Small Businesses

The Trump administration’s repeal of the duty-free import exemption for parcels under $800 will push up costs for U.S. consumers, disrupt global e-commerce flows, and pressure small businesses reliant on foreign suppliers....

Gerik

European Banks: Riding High but Facing the Limits of the Rally

European bank stocks have surged over 40% in 2025, vastly outperforming broader markets, but questions are mounting about whether earnings, rates, and sentiment can sustain the rally amid tariff risks, political turmoil...

Gerik

IC Markets Asia Fundamental Forecast | 29 August 2025

The U.S. session was defined by stable inflation data, a robust GDP revision, and cautious market optimism amid expectations for possible Fed easing in September. Key instruments impacted included U.S. equities (with tech stocks showing particular volatility), the dollar, and Treasury yields.

IC Markets

General Market Analysis – 29/08/25

US stock indices again hit fresh highs in trading yesterday after GDP data came in stronger than expected.

IC Markets

Israeli Airstrikes on Houthi Rebels Add More Uncertainty to Global Situation

German Chancellor Friedrich Merz said there is no hope for a meeting between Putin and Zelenskyy; Israel confirmed airstrikes on Houthi rebels in Yemen...

FastBull Featured

U.S. Tariffs Raise Deflation Risks for South Korea, BOK Warns

South Korea’s central bank (BOK) has warned that U.S. tariffs of up to 15% could shave nearly half a percentage point off growth in 2025 and deepen risks of deflation, underscoring Seoul’s heavy reliance on the U.S. market...

Gerik

India Defies U.S., Plans to Boost Russian Oil Imports by 300,000 Barrels per Day Despite Tariffs

India plans to increase Russian oil imports by 10–20% in September about 150,000–300,000 barrels per day despite the U.S. imposing 50% tariffs on Indian goods...

Gerik

Reliance Faces Tariff Crossfire as Russian Oil Deals Cloud Investor Jamboree

Reliance Industries enters its annual shareholder meeting under pressure from U.S. tariffs tied to Russian oil imports. While investors expect updates on Jio, retail, and clean energy...

Gerik

U.S. Economy Saw Stronger 3.3% GDP Rebound In Q2 2025, But USD Rally Short-Lived

The U.S. Preliminary Gross Domestic Product (GDP) rose at an annualized rate of 3.3% according to the Bureau of Economic Analysis report, representing a significant rebound from the first quarter’s 0.5% contraction and exceeding the advance estimate of 3.0%.

Samantha Luan

Market News

Austria's Next Central Bank Chief: Milder Than Predecessor, Has Rebuked Trump Administration

Macron Backs Bayrou’s Confidence Motion, Rules Out Resigning

US Revokes Palestinian Officials' Visas Ahead Of UN Meeting, State Dept Says

Chips-for-rare-earths Is US-China Circuit Breaker

Argentina Again Tightens FX Rules For Banks As Peso Strengthens

Thai Prime Minister Removed By Court, Triggering Power Scramble

EU To Scrap Tariffs On US Goods To Pave Way For Lower Car Duties

US Consumer Spending Strong In July; Services Inflation Warms Up

US Appeals Court Rules Wide Swath of Trump's Tariffs Illegal

Morgan Stanley Asks Fed to Lower Bank’s Capital Requirement

Oil Slides to Monthly Loss as Traders Weigh Glut, Geopolitics

Dow, S&P 500, Nasdaq Slide as Nvidia Leads Tech Losses After PCE Inflation, Consumer Data

Bitcoin Signals Uptrend Resumption in Late September Based on Holding Patterns

Cook Hearing Ends With Tough Questions But No Judge Ruling

DeepSeek Fuels Return to Profit for Chinese Tech Champion Huawei

Alibaba’s cloud unit shines even as rivalry heats up in China’s ‘instant commerce’ space

Trump tariffs are increasingly forcing countries to pick sides between the US and China

Nvidia's Big Tech clientele looks like a vulnerability but acts like a chokehold

Pre-Budget Lift for Rachel Reeves as UK Business Confidence Rises

Looming U.S. stagflation and gold’s record of multi-year bull runs mean there’s still plenty of price upside – Fidelity’s Samson

US Consumer Sentiment Declines on Dimmer Views of Economic Outlook

CNBC’s Inside India newsletter: India’s three-way balancing act: Tariffs, oil, and uneasy handshakes

Israel Pounds Gaza City Outskirts As Military Push Quickens

Elephant-dragon Tango: Modi's Visit To China Signals Improving Ties — Will The Bonhomie Last?

The Nvidia Earnings Train Keeps on Rolling

Gold Approached Upper Limit of The 4-Month Trading Range

Oil faces uphill struggle as supply glut worries mount: Reuters poll

Rupee plunges to all-time low on steep US tariffs, logs 4th month of loss

Canada on Course for Cashless Economy as Digital Payments Rise

Natural Gas and Oil Forecast: IEA Surplus Outlook vs. Geopolitical Risks

German Inflation Breaks 2%, Clouding Chances of A September Rate Cut

Investing In Space: Made In Russia

U.S. PCE, European inflation and "de minimis" exemption - what’s moving markets

US Reports Solid July Consumer Spending; Core Inflation Firmer

Canadian Economy Shrinks 1.6% As Trade War Crushes Exports

Markets Today: German Unemployment at 10 Year Highs, FTSE Slides on Head & Shoulders Breakout. US PCE Up Next

London Midday: Stocks Fall as Banking Sector Hit; US PCE Eyed

European Midday Briefing: Shares Fall Ahead of U.S. Inflation Data

USD/JPY Technical: Eyeing The Ascending Range Support of 145.50

Germany's Ruling CDU Party Targets Afghan & Syrian Benefit-Recipients In Push To Cut "Unsustainable" Welfare Budget

Economists See Slow US Growth, Stubborn Inflation Well Into 2026

India's Economy Unexpectedly Picks Up Steam Despite Trump's Tariff Threats

China Urges Disciplined Growth in AI Sector Amid Surging Investment and Overcapacity Risks

North Korea Achieves Highest Economic Growth Since 2016 Amid Deepening Ties with Russia

Gold Set to Post Monthly Gain; All Eyes on PCE Data

Reliance Faces Strategic Crossroads as Russian Oil Deals Draw U.S. Scrutiny

German Unemployment Tops Three Million For First Time In A Decade

China Signals Yuan Strengthening as Economic Momentum Builds and Tariff Pressure Eases

Alphabet (GOOGL) Shares Set An All-Time High

Trump’s Tariff Strategy Forces Global Realignment as Nations Navigate Economic Pressure

U.S. Tariff Pressure Threatens Korea's Growth Outlook and Industrial Ecosystem

Gold Nears Historic High as Traders Eye Inflation and Fed Independence Risks

Binance Futures Trading: Urgent Halt Resolved, What Caused The Market Mystery?

Resilient Growth and Strong Equities Signal Economic Vitality Despite Tariff Tensions

European Markets Brace for Inflation Reports as Rate Cut Bets Intensify

German Auto Industry Pressures U.S. to Fulfill Tariff Cut Promise Following EU Initiative

Binance Halts Futures Trading Amid Technical Disruption

RBA Flags Financial Stability Risks From Private Market Expansion

Iron Ore Climbs for Second Month as China Weighs Steel Output Limits

End of U.S. De Minimis Exemption: Higher Costs for Shoppers, Strain on Small Businesses

European Banks: Riding High but Facing the Limits of the Rally

IC Markets Asia Fundamental Forecast | 29 August 2025

General Market Analysis – 29/08/25

Israeli Airstrikes on Houthi Rebels Add More Uncertainty to Global Situation

U.S. Tariffs Raise Deflation Risks for South Korea, BOK Warns

India Defies U.S., Plans to Boost Russian Oil Imports by 300,000 Barrels per Day Despite Tariffs

Reliance Faces Tariff Crossfire as Russian Oil Deals Cloud Investor Jamboree

U.S. Economy Saw Stronger 3.3% GDP Rebound In Q2 2025, But USD Rally Short-Lived