Damon

Silver jumped to its highest level since 2011, as US premiums rise and the spot London market shows signs of tightness.

The changing face of the UK bond market is making gilts a source of vulnerability for the government at a moment when it most needs stability.

 In the days since flash flooding killed at least 120 people in Texas, President Donald Trump has pledged unwavering support for the deep-red state, lauding Republican Governor Greg Abbott and other local officials for their "incredible" response to the July 4 disaster.

Despite President Donald Trump’s public efforts to cajole the Federal Reserve into lowering interest rates, monetary policy is rightly locked on hold over the near-term for three reasons.

President Trump and his team are not happy with Jerome Powell. Russell Vought, Trump’s budget chief, says Powell has “grossly mismanaged the FED.” Vought points to expensive renovations at the FED’s D.C. offices, calling them wasteful. Trump wants lower rates, but Powell is holding back. This tension is shaking up the world of finance.

Near-term US recession risk is low, but there are pockets of weakness that could mutate into a downturn later this year. The weaker dollar, though, will be key to whether the US avoids that fate and stocks a significant decline.

Brazil scrambled to respond to U.S. President Donald Trump’s announcement of 50% tariffs on Brazilian exports, with President Luiz Inacio Lula da Silva convening an urgent cabinet meeting on Thursday as officials worked to de-escalate the crisis.

The Energy Information Administration (EIA) released its weekly report on Crude Oil Inventories, a key indicator of the number of barrels of commercial crude oil held by US firms. The report showed a significant increase in crude oil inventories, defying expectations and surpassing previous levels.

One of the Bank of Japan’s newest board members alluded to a possible upward revision to the central bank’s inflation view this