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Commerzbank Sees Oil Near $100 on Gulf Tensions
Commerzbank analysts warn that persistent geopolitical tensions in the Persian Gulf will keep oil prices near $100, with restricted Strait of Hormuz traffic driving inflation spillovers.
UBS Economist: US Jobs Report May Offer Weak Signal as Savings Shrink
UBS Chief Economist Paul Donovan warns that the upcoming US employment report could provide an unreliable picture of the labor market as consumer savings dwindle, with expectations of flat unemployment and job gains below 100,000.
Romania Defence Ministry: Object Not Army Equipment, Not in Black Sea Exercise
Romania's Defence Ministry clarified that an unidentified object is not part of the army's equipment and was not involved in recent Black Sea exercises, correcting an earlier statement.
Quantum Supremacy, Usefulness, Advantage: Key Differences Explained
A breakdown of the fundamental differences between quantum supremacy, usefulness, and advantage—terms often confused but representing distinct milestones in quantum computing evolution.
Oil Prices Stay Subdued Despite Hormuz Risk – Rabobank
Rabobank strategist Benjamin Picton notes that oil markets remain subdued even as the Strait of Hormuz is effectively closed, with Brent futures falling sharply.
Dow Jones Futures Dip Ahead of US Jobs Data
Dow Jones futures edged lower 0.04% while Nasdaq 100 futures plunged 1.23% ahead of the US Nonfarm Payrolls report.
Poll: 68% of Americans Want Iran War to End Quickly
A new Economist/YouGov poll finds 68% of Americans want the conflict with Iran to end as soon as possible, with nearly 7 in 10 favoring a swift deal.
WTI Oil Holds Compressed Range as Labor and Logistics Factors Collide
WTI crude oil entered Friday in a narrow trading band as markets balance labor-market expectations against persistent logistical uncertainty across global energy supply chains.
Gold Rebounds Nearly 2% on Ceasefire Hopes, Then Eases as Hezbollah Rejects
ING reports gold rebounded nearly 2%, briefly topping $4,500/oz, as a tentative Israel-Lebanon ceasefire reduced immediate geopolitical risk, before easing when Hezbollah rejected the proposal.
OECD cuts 2026 global growth forecast to 2.8%
The OECD lowered its 2026 global GDP growth projection to 2.8% from 3.4% in its latest Economic Outlook, signaling a weaker near-term outlook.
WTI Flattens Near $91 Despite Fragile Israel-Lebanon Ceasefire
WTI crude oil trades flat around $91.00 during early European trade on Friday, as a US-brokered ceasefire between Israel and Lebanon remains fragile due to continued attacks.
Asia Market Open: Korean Volatility, Indonesia Rates Steady, US Jobs in Focus
Asian markets open with continued Korean volatility, Indonesia's central bank holds rates, and attention shifts to US May nonfarm payrolls. Meanwhile, Anthropic issues a new AI risk warning.
NFP Preview: US Payrolls Seen Rising 85,000 in May, Jobless Rate Steady at 4.3%
The upcoming US nonfarm payrolls report for May is expected to show an addition of 85,000 jobs, with the unemployment rate holding at 4.3% and average hourly earnings rising 0.3% month-over-month.
US Leading Indicators Hold Up Despite Early 2026 Growth Slowdown
US nominal growth is heating up as leading indicators beat expectations, even as economic growth cooled at the start of 2026. Improving labor market conditions and solid investment demand are providing support.
US Nonfarm Payrolls Preview: Stable Job Market Could Bolster Fed Rate Hike Odds
The US Bureau of Labor Statistics will release May Nonfarm Payrolls data on Friday. The report is expected to show a broadly stable labor market, which may increase expectations for further Federal Reserve rate hikes.
Oman's Mina al Fahal Terminal Halts Oil Loading After Suspected Drone Attack
Crude oil loading at Oman's Mina al Fahal terminal was suspended following an explosion near its single-buoy mooring, reportedly caused by a drone attack, according to Reuters sources.
Eurozone Manufacturing PMI Input Prices Hit 3-Year High, Signaling Inflation Surge
Eurozone manufacturing PMI input prices surged to 80 in May, the highest since May 2022, with output prices hitting a 3.5-year high, indicating accelerating inflation pressures from rising energy and raw material costs.
WTI Falls Below $91 Despite Iran Threats
West Texas Intermediate crude oil dipped to around $90.85 during early Asian trading on Friday, as traders assessed the ongoing US-Iran peace developments.
US money market fund assets hit record $8.28T with $66B weekly inflow
Assets in US money market funds surged $66 billion in the week ending May 28 to a record $8.28 trillion, with $41 billion coming in a single day as month-end rebalancing boosted inflows.
Japan April Cash Earnings Beat Estimates, Household Spending Improves
Japan's April cash earnings rose 3.5% year-on-year, beating the 3.1% estimate, while household spending fell 0.5% year-on-year, better than the expected 1.5% decline.
Trump Open to Meeting Iran's Supreme Leader for Deal
President Trump stated he would be honored to meet Iran's Supreme Leader if it facilitates a deal to end the U.S.-Iran conflict, according to CNBC.
ISM Services Prices Index Hits Highest Since Aug 2022, Signaling Rising Inflation
The ISM Services Prices index rose 0.6 points in May to 71.3, the highest since August 2022, with diesel, gasoline, and oil cited as key drivers. The reading suggests CPI could rise above 5.0% for the first time since early 2023.
Trump Says He Would Be 'Honored' to Meet Iran's Supreme Leader
President Trump stated he would be 'honored' to meet Iranian Supreme Leader Mojtaba Khamenei if it leads to a deal, which would be the first such meeting between a sitting US president and an Iranian supreme leader.
Iran Adviser Accuses Trump of Pressuring Over Nuclear Deal
An adviser to Iran's Supreme Leader criticized Trump for pressuring Iran to accept U.S. conditions while keeping Iranian terms vague, stating the current draft contains ambiguities that must be resolved.