
EBC Markets Briefing | Euro moves sideways after Riyadh airport hit
The euro was steady Monday despite escalation in the Middle East. The currency notched a fifth straight weekly drop as recent selling pressure was muted as France's beleaguered bond market steadied. Trump indicated that the US might partner with Saudi Arabia to retaliate against Iran-supported Houth
EBC Markets Briefing | Nikkei 225 slips amid chip stock profit-taking
Heavy borrowing plans by top tech firms added pressure to sovereign bond markets, causing Japanese shares to fall on Thursday as investors braced for tighter funding competition. Crude oil volatility has emerged as the premier risk facing Japanese corporations, surpassing currency swings and escalat
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EBC Markets Briefing | Oil prices down as Trump ruled out pre-election Iran strike
Oil prices fell on Friday after Trump announced that the US will not launch military strikes against Iran before the upcoming midterm elections on 3 November. According to military sources, Syria was evaluating options to send military aid to Saudi Arabia, a crucial ally locked in a conflict with Ir
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EBC Markets Briefing | Swiss franc continues to ease on Middle East escalation
The Swiss franc extended its losses on Wednesday as escalating Iranian attacks on shipping tankers in the Strait of Hormuz are threatening to disrupt a delicate recovery in Persian Gulf oil follow. Swiss inflation has accelerated to a two-year high in September, driven primarily by climbing global o
EBC Markets Briefing | Wall St edged up but rate hike cycle weighs
The S&P 500 ended marginally up on Friday after US and Iranian negotiators were exploring a phased path out of war. Despite that, Iran will make no nuclear concessions, Iranian official says. US stocks historically experience a period of weakness whenever the Fed begins a new cycle of interest r
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EBC Markets Briefing | Global car industry in crosshairs of energy crunch
Chinese carmakers grabbed another record share of Europe's car market last month, luring buyers still wary about going fully electric with more affordable hybrid vehicles. One in four sales of all hybrids sales in the region are Chinese brands, according to Dataforce. Hybrids are an EV stepping-ston
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EBC Markets Briefing | Bullion down as Treasury yields kept climbing
Gold prices dipped Monday as the drag from a robust US dollar and climbing Treasury yields was completely countered by growing market confidence that the Fed will hold interest rates steady this month. According to Barclays Capital, the US 30-year yield has room to climb to 6%. The report explains t
EBC Markets Briefing | Euro could have a short flight off a solid base
The euro (EURUSD) plummeted to a 17-month low Monday, triggered by intensifying fears of a eurozone sovereign debt crisis, fuelled by growing doubts over France's ability to manage its budget deficit and a severe bond market sell-off. French government bonds see heavy selling pressure due to a combi
EBC Markets Briefing | Junk bonds highly vulnerable to perpetual wars
Putin congratulated Iranian leaders on Nowruz and said Moscow remained a loyal friend and reliable partner to Tehran, the Kremlin said on Saturday. The military axis comes is deepening given their plight. According to a BBC report, Ukraine has embarked on a massive programme to deploy armed robots
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EBC Markets Briefing | Euro muted as natural gas shock deepens
The euro is hovering near its lowest point of the year on Wednesday. This weakness is being driven by a twin crisis—a global energy shock and mounting political instability across Europe. German Chancellor Friedrich Merz faces political pressure to scale back promised reforms following far-right sta
