A senior Malaysian lawmaker on Thursday denied that fugitive businessman Jho Low had entered the country for talks linked to the theft of billions of dollars from state fund 1Malaysia Development Berhad (1MDB). Low, whose full name is Low Taek Jho, faces multiple charges, including corruption and money laundering, in the United States and Malaysia for the central role he allegedly played in th...
A senior Malaysian lawmaker on Thursday denied that fugitive businessman Jho Low had entered the country for talks linked to the theft of billions of dollars from state fund 1Malaysia Development Berhad (1MDB). Low, whose full name is Low Taek Jho, faces multiple charges, including corruption and money laundering, in the United States and Malaysia for the central role he allegedly played in the misappropriation of at least US$4.5 billion from 1MDB. He has consistently denied wrongdoing and...
Hong Kong stocks retreated on Thursday morning, surrendering recent gains as ongoing volatility across Asian markets and a brutal tech sell-off in neighbouring bourses weighed on local sentiment. At the lunchtime break, the benchmark Hang Seng Index was down 0.78 per cent to 24,011, erasing its initial upwards momentum. The Hang Seng Tech Index edged down 0.06 per cent, as the broader regional dra...
Hong Kong stocks retreated on Thursday morning, surrendering recent gains as ongoing volatility across Asian markets and a brutal tech sell-off in neighbouring bourses weighed on local sentiment. At the lunchtime break, the benchmark Hang Seng Index was down 0.78 per cent to 24,011, erasing its initial upwards momentum. The Hang Seng Tech Index edged down 0.06 per cent, as the broader regional drag overshadowed optimism surrounding recent initial public offering lock-up expirations. Among...
The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)
The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)
XPeng stock trades in an awkward spot for valuation focused investors, with a long term share price decline set against signals that disagree on whether the current level is rich or reasonable, as the Discounted Cash Flow (DCF) estimate points to a premium while market based multiples lean the other way. Over the past 5 years, XPeng shareholders have seen the stock decline about 64.9%, which sets ...
XPeng stock trades in an awkward spot for valuation focused investors, with a long term share price decline set against signals that disagree on whether the current level is rich or reasonable, as the Discounted Cash Flow (DCF) estimate points to a premium while market based multiples lean the other way. Over the past 5 years, XPeng shareholders have seen the stock decline about 64.9%, which sets a low base that can tempt investors to ask whether too much pessimism is already in the...
① 可能发布 中国1-6月社会融资规模增量、新增人民币贷款,6月M2等货币供应; ② 18:30 欧洲央行管委Escriva讲话; ③ 19:30 欧洲央行发布6月政策会议的纪要; ④ 20:30 美国7月4日当周首次申请失业救济人数; ⑤ 21:00 美国纽约联储主席(享有FOMC永久投票权,号称“美联储三把手”)威廉姆斯参与“市场流动性与”等问题的讨论,欧洲央行行长拉加德出席欧盟财长会议,此前...
① 可能发布 中国1-6月社会融资规模增量、新增人民币贷款,6月M2等货币供应; ② 18:30 欧洲央行管委Escriva讲话; ③ 19:30 欧洲央行发布6月政策会议的纪要; ④ 20:30 美国7月4日当周首次申请失业救济人数; ⑤ 21:00 美国纽约联储主席(享有FOMC永久投票权,号称“美联储三把手”)威廉姆斯参与“市场流动性与”等问题的讨论,欧洲央行行长拉加德出席欧盟财长会议,此前称不排除提前离任; ⑥ 22:00 美国6月成屋销售总数年化; ⑦ 次日01:30 美国达拉斯联储主席Lorie Logan(2026年FOMC票委)参与关于“市场流动性与”等问题的讨论; ⑧ 次日03:30 英国央行副行长Sarah Breeden讲话; 微信小程序搜索“见闻历”,了解更多。
Ynys Enlli, Gwynedd: A stroll down this island’s one road provides clues to its past – and it has nothing to do with the 20,000 saints apparently buried here In 1938, the Welsh naturalist Ronald Lockley described Ynys Enlli (Bardsey Island) as a mountain “crudely cemented to a lowland valley, and the whole thing thrown into the middle of a violent tide-race”. Much has changed since then, but that ...
Ynys Enlli, Gwynedd: A stroll down this island’s one road provides clues to its past – and it has nothing to do with the 20,000 saints apparently buried here In 1938, the Welsh naturalist Ronald Lockley described Ynys Enlli (Bardsey Island) as a mountain “crudely cemented to a lowland valley, and the whole thing thrown into the middle of a violent tide-race”. Much has changed since then, but that vivid picture holds true, as I wander it today. Certainly there’s a lovely simplicity to Enlli being a sort of linear settlement arranged along the length of a single road. Having only two directions of travel – north or south – makes the lane a movable town square, where those travelling in opposite directions or at different speeds are bound to meet, greet, make dinner invitations or trade sightings and finds. Continue reading...
FabrikaCr/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy – Russia bans diesel exports The oil market has continued to rally as the ceasefire between the US and Iran appears to be on life support. ICE Brent settled 5.2% higher yesterday at a little over $78/bbl, with further upside expected today following additional US str...
FabrikaCr/iStock via Getty Images By Warren Patterson , Head of Commodities Strategy and Ewa Manthey , Commodities Strategist Energy – Russia bans diesel exports The oil market has continued to rally as the ceasefire between the US and Iran appears to be on life support. ICE Brent settled 5.2% higher yesterday at a little over $78/bbl, with further upside expected today following additional US strikes against Iran in response to its earlier attacks on several vessels navigating the Strait of Hormuz. President Trump said he considers the ceasefire with Iran to be over, while also threatening to reimpose a blockade on Iranian ports. This would be more impactful for oil markets than the recent revocation of a sanction waiver on Iranian oil. Iran has vowed to respond to these recent strikes, with reports that US military bases in the region will be targeted. Key for the oil outlook is whether the US and Iran are able to quickly de-escalate this latest rise in tensions. The past few days’ price action makes one thing clear: markets were far too relaxed about the risks surrounding the deal — and far too bullish on how quickly regional supply could rebound. Vessel tracking data shows that Strait of Hormuz tanker crossings declined to just 7 yesterday, the lowest level since 21 June. This compares to a daily average of 18 over the first seven days of July. This data will not pick up tankers navigating the strait with their transponders turned off. The market will be watching whether these crossings rebound in the coming days — or whether rising tensions keep shipowners wary of navigating this critical energy choke point. Adding to supply concerns in the oil market, and specifically in middle distillates, Russia announced a ban on the export of diesel until the end of July. This comes amid fuel shortages in the country following continued Ukrainian drone attacks on Russian refinery infrastructure. There has been plenty of noise in recent weeks that Russia was considering a b...
Alllex/E+ via Getty Images By Erik Norland Precious metals spent two years defying gravity. The rally that ran through 2024 and 2025 was one of the most sustained in recent memory until January 2026, when it wasn't. Prices have since retreated sharply, leaving investors to ask three questions at once: What built this run-up? What caused the reversal? And where might they be headed next? The answer...
Alllex/E+ via Getty Images By Erik Norland Precious metals spent two years defying gravity. The rally that ran through 2024 and 2025 was one of the most sustained in recent memory until January 2026, when it wasn't. Prices have since retreated sharply, leaving investors to ask three questions at once: What built this run-up? What caused the reversal? And where might they be headed next? The answer to the first question is not a single catalyst but a convergence. The run-up in precious metals prices appeared to have been based on three market narratives: Heightened concerns over the independence of major central banks Central banks cutting rates despite core inflation remaining above target Government budget deficits running at historically elevated levels The turning point for precious metals came on January 23, 2026, as word spread on Wall Street that Kevin Warsh was being nominated as the next Federal Reserve Chairman. As a well-known critic of quantitative easing and holding rates near zero for extended periods, Warsh’s appointment signaled the conclusion of the Fed’s accommodative era. That shift was confirmed at his first FOMC meeting in mid-June, when the committee dropped its easing bias and opened the door to future rate hikes. With that, one of the pillars of the precious metals bull market had been pulled. A New Global Interest Rate Landscape The Fed's pivot did not happen in isolation. The global monetary landscape has shifted from a tailwind to a distinct headwind. The European Central Bank, the Reserve Bank of Australia and Norges Bank have all followed the Bank of Japan in raising interest rates, while Fed Funds futures now indicate that the Fed itself could tighten policy this year. Higher rates are inherently bearish for precious metals; they elevate the opportunity cost of holding non-yielding assets like gold. But the rate level may matter less than what it signals. When central banks tighten, it signals they are addressing the situation, and that ...