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Gold ended the first week of June under heavy pressure, recording one of its sharpest weekly declines in months as investors reassessed the outlook for U.S. interest rates, the dollar, and safe haven demand. Comex gold fell nearly 5% over the week to around $4,337 per ounce, including a drop of more than 3% in…
The European Central Bank is expected to raise interest rates at its June 10 to 11 policy meeting, marking a significant shift in the euro area monetary policy outlook after inflation pressures re-accelerated across the bloc. Economists and market participants increasingly expect the ECB to lift its deposit facility rate by 25 basis points, from…
Technology Giant Expands Funding Plans as Demand for Artificial Intelligence Infrastructure Accelerates Alphabet, the parent company of Google, is undertaking one of the largest corporate capital raises in modern market history, expanding its planned financing package to approximately $85 billion as it accelerates investment in artificial intelligence infrastructure. The transaction comes at a pivotal moment…
BP and Harbour Energy are preparing to expand their exploration activities in Egypt’s Mediterranean offshore sector as the country seeks to reverse declining natural gas production and strengthen its position as a regional energy hub. According to market reporting and statements attributed to Egyptian government officials, the two companies are expected to invest approximately $150…
Google has signed one of the largest recently disclosed artificial intelligence infrastructure agreements, committing to pay approximately $920 million per month to SpaceX for access to computing capacity needed to support its rapidly expanding AI operations. The agreement, disclosed in regulatory filings, is expected to run through June 2029 and is valued at approximately $30…
US financial markets sharply repriced the Federal Reserve outlook after the May jobs report showed stronger than expected hiring, pushing Treasury yields higher and increasing expectations that the next policy move could be a rate increase rather than a cut. The Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 172,000 in…
China’s crude oil buying has slowed sharply, creating an unusual stabilizing effect for global oil markets at a time of major disruption in Gulf supply routes and elevated energy price volatility. Market tracking estimates indicate that China’s seaborne crude arrivals fell to around 6.4 to 6.6 million barrels per day in May 2026, the lowest…
SpaceX is preparing what could become the largest initial public offering in history, with the proposed transaction expected to raise around USD 75 billion if completed at the indicated terms. The company filed its Form S 1 with the U.S. Securities and Exchange Commission in May 2026, marking a formal step toward a Nasdaq listing…
Iron ore trades near USD 103/t after a 4% monthly drop as Chinese property investment fell 13.7% YoY and global crude steel output declined 1.9% in April. But cement, aluminum, copper and freight-linked materials remain exposed to energy and metals cost pressure. Construction cost inflation is becoming more selective rather than uniformly easing.
Egypt and China renewed their bilateral local currency swap agreement for three more years and expanded the facility from 18 billion to 30 billion yuan (~$4.43bn) — a 66.7% increase. The agreement strengthens monetary cooperation, supports trade settlement and reinforces China’s long-term financial ties with a key Middle East-Africa partner.