The metals complex is poised for a mixed performance following the US-Iran deal announced in June, with easing demand-side concerns supporting industrial metals, while the alleviation of idiosyncratic supply risks pressures the complex to the downside. This is according to Fitch Solutions unit BMI’s latest outlook for metals report, which points out that, ...

Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this. Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America. This TARIFF will supersede Trade Deals made with the Country, whether implemented, signed, or not. Additionally, the 100% TARIFF will be immediately imposed, if they proceed. Thank you for your attention to this matter. President DONALD J. TRUMP

With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial ...

The Islamic Republic of Iran shot at least four One Way Attack Drones at Ships transversing the Strait of Hormuz. One of the Drones solidly hit the upper deck of a large and very expensive Cargo Carrying Ship. Damage was done, but the Ship was able to proceed on its way. We knocked down three other Drones. Obviously, this is a foolish violation of our Ceasefire Agreement. President DONALD J. TRUMP

Fed's Kashkari: I am concerned about inflation, especially in services. Fed's Kashkari: I am seeing some signs of life in the labor market. Fed's Kashkari: I see rates on hold in 2027. Fed's Kashkari: I have one rate hike penciled in for 2026. Fed's Kashkari: We're going to have to see how no forward guidance works.

Your phone buzzed in your pocket this morning. The tiny weight that made it shake is tungsten. So is the edge of the drill bit in your garage, the cutting tool that machined your car’s engine, and the core of an armor-piercing round. You’ve held this metal a thousand times. Now try to buy it. There’s no tungsten exchange or a futures contract and no fund ...

*OMAN WARNED EUROPEAN ALLIES SHIP FEES LIKELY NEEDED FOR HORMUZ

Well that wraps up the episode The oil market briefly jumped earlier when the UAE sent out this message to resident cell phones. That was amplified by a report of explosions -- untrue -- in Iran's media. The alert was withdrawn just 2 minutes after it was issued and now it all appears to have been some kind of technical mistake. The officials are calling it ...

Copper shrugged off an early dip to trade higher on Friday as a weaker dollar and lower inventories countered a selloff stemming from equity markets, but remained on track for a weekly decline. Benchmark three-month copper on the London Metal Exchange was up 0.3% at $13,308 a metric ton in official open outcry activity. It earlier fell as much as 1.4% to ...

Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing. And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)... Both ...

Gold fell briefly below the 4,000 level on Wednesday but couldn’t extend the losses further as we started to see pullbacks in real yields and the US dollar. It looks like we have reached the peak in the hawkish repricing, and the next leg will need upside surprises in the US NFP and US CPI reports. Fed’s Williams yesterday reiterated that the current policy ...

UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS UAE sends an alert saying the situation is now safe. Explosion sounds heard in Dubai News sources report hearing explosion sounds in Dubai. UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'