* Brent crude oil rose more than 4% * US Personal Consumption Expenditures data due on Thursday. * UBS lowers year-end gold price target. By Anjana Anil. Gold fell more than 1% on Tuesday, pressured by bets of higher U.S. interest rates this yearas renewed U.S. military strikes on Iran dampened hopes for a peace deal, pushed up oil prices and revived inflation concerns.
* Iran says U.S. has violated ceasefire after fresh U.S. attacks. * Dollar rises against Euro and Swiss franc. * Prospect of Strait of Hormuz reopening had lifted risk appetite. * Safe-haven dollar finds favour as investors turn more cautious. By Chibuike Oguh.
The Dallas Fed's monthly manufacturing index rebounded to a reading of 0.4 in May from minus 2.3 in April, compared with expectations for a smaller increase to a reading of 0.0. The index indicates a return to expansion which is in line with the New York Fed, Kansas City Fed and the S&P global flash measures but in contrast with the Philadelphia Fed index that suggested contraction.
The Bank of Canada released several reports on Monday, which underpin their macro estimates, said Rosenberg Research. The BoC published three detailed assessments on major economic questions: the neutral rates of interest in Canada and the United States, Canada's potential growth rate, and the potential growth rate globally.
U.S. consumer confidence eased in May as worries about inflation linked to the war with Iran intensified, offsetting an improvement in households' perceptions of the labor market, a survey showed on Tuesday. The Conference Board said its consumer confidence index slipped 0.7 points to 93.1 this month.
U.S. consumer confidence eased in May as worries about inflation linked to the war with Iran intensified, offsetting an improvement in households' perceptions of the labor market, a survey showed on Tuesday. "Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified," said Dana Peterson, chief economist at the Conference Board.
The Conference Board's measure of consumer confidence fell to 93.1 in May from 93.8 in April, still above a reading of 92.0 expected in a survey compiled by Bloomberg as of 7:30 am ET. The present situation reading fell to 121.2 from 124.4, while the expectations reading increased to 74.4 from 73.4. The current assessments of both employment and business conditions deteriorated in April.
Wall Street lenders are urging the Federal Reserve to formalize recent supervisory changes to reduce the risk of future policy reversals, Reuters reported Tuesday, citing people familiar with the matter. Banks want clearer legal backing for the Fed's shift to an "observations" framework, citing concerns over legal ambiguity and potential future policy reversal, according to the report.
Confidence Dipped Slightly as Price Shocks from Middle East Conflict Persist NEW YORK, May 26, 2026 The Conference Board?Consumer Confidence Index??dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April.
* Brent crude oil rose more than 3% * US Personal Consumption Expenditures data due on Thursday. * UBS lowers year-end gold price target. By Anjana Anil. Gold fell more than 1% on Tuesday on bets of higher U.S. interest rates this year, with U.S. military strikes on Iran dialing back hopes of a peace deal, elevating oil prices, and bringing inflation concerns to the forefront.
Most of Bank of Canada Deputy Governor Nicolas Vincent's Tuesday speech in Quebec was devoted to highlighting the weakness in the country's labor market, including the 'low-hire, low-fire nature', the elevated youth unemployment and the record average length of joblessness amongst those looking for work, said Royce Mendes over at Desjardins.
The Bank of Canada on Tuesday said structural changes in the labor market were making its job more complicated adding that if it reacted wrongly, inflationary pressures could rise. Deputy governor Nicolas Vincent said that while the central bank could handle the impact of cyclical forces through changes in interest rates, deeper challenges were harder to control.
The persistence of energy price shocks will be a key factor guiding the European Central Bank's next policy decision, Dutch central bank chief Olaf Sleijpen said on Tuesday. Sleijpen reiterated that the ECB's objective at its next rate-setting meeting in two weeks remains price stability and that any decision will depend on how inflation dynamics evolve.
The Case-Shiller National Home Price index rose by 0.7% in March before seasonal adjustment following a 0.3% increase in February. National home prices were up 0.7% year-over-year, down from 0.8% in February.
The FHFA's measure of home prices rose by 0.1% in March after a revised 0.1% decrease in the previous month, as expected in a survey compiled by Bloomberg as of 7:30 am ET. Prices were up 1.7% from a year earlier in March. For Q1 as a whole, home prices rose by 0.5% from the previous quarter and were up 1.7% compared with the same quarter a year earlier.
The Canadian economy remains under pressure despite the resource sector's strong performance, as trade tensions with the United States continue to hold back non-resource exports, said National Bank of Canada.
The US dollar rose against its major trading partners early Tuesday after the long holiday weekend and before a busy week of economic data releases that includes the second estimate of Q1 GDP and personal income and spending data for April later in the week.
J-Star Holding Co Ltd (YMAT): * J-STAR HOLDING SUBSIDIARY RECEIVES CENTRAL BANK OF TAIWAN AUTHORIZATION TO INITIATE $60 MILLION SOVEREIGN-BACKED FINANCING FRAMEWORK THROUGH DESIGNATED BANKS FOR U.S. SOLID-STATE BATTERY EXPANSION. * J-Star Holding Co Ltd (YMAT) - TO PURSUE $60 MILLION LOAN FOR 100MWH SOLID-STATE BATTERY PLANT IN TEXAS Source text: Further company coverage:
Brazil's current account deficit reached $1.765 billion in April, central bank data showed on Tuesday, larger than the $200 million shortfall expected by economists in a Reuters poll. Foreign direct investment for the month landed at $8.912 billion, beating the $5.4 billion projected in the poll.
J-Star Holding Co., Ltd. (YMAT) today announced that its subsidiary YMA Corporation has received formal authorization from the Central Bank of Taiwan to initiate under the Sovereign-Backed financing framework for the Company?s strategic U.S. infrastructure expansion initiative under YMA INC. Pursuant to the formal authorization from the Central Bank of Taiwan, the Company is preparing to select a desi...
Wall Street banks are pushing the Federal Reserve behind the scenes to cement its new supervisory regime so the changes cannot easily be reversed by potential future Democratic administrations, said four people with knowledge of the matter.
* Brent crude oil rises after US military strikes Iran. * Rubio says Iran deal could take days. * UBS lowers year-end gold price target by $400 to $5,500. By Noel John. Gold fell on Tuesday, weighed down by fears of elevated inflation after renewed U.S.-Iran tensions pushed up Brent prices and clouded the U.S. interest rate outlook. Spot gold was down 1.1% at $4,521.80 per ounce, as of 0737 GMT.
Hungary's forint eased on
Tuesday ahead of a meeting of the National Bank of Hungary later
in the day where analysts expect the base rate to be kept on
hold amid a rise in energy prices and ...
Copper prices edged lower on Tuesday, pressured by higher oil prices after the latest U.S. strikes on Iran dampened hopes of a resolution to the Middle East conflict, driving concerns over the global economic outlook. Three-month copper on the London Metal Exchange was down 0.2% at $13,637.50 a metric ton by 0746 GMT.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index recording another record close as diplomatic signals on Iran helped cool oil and pulled Treasury yields lower for a third consecutive session.
* Seeing signs of energy inflation spillovers. * Economic growth may turn out weaker than projected. * Bond yield volatility not concerning. * Markets see almost three rate hikes over the next year. By Balazs Koranyi and Reinhard Becker.
London copper held steady on Tuesday,
as support from a weaker dollar was offset by higher oil prices
after the latest U.S. strikes on Iran dampened hopes of a swift
resolution to the Middle East ...
B2Gold Corp. (BTG) is pleased to announce that it has published its tenth annual Responsible Mining Report entitled ?Raising the Bar?, which details B2Gold's (BTG) global economic contributions and its environmental, social, and governance management practices, together with the Company's performance against key indicators in 2025.
Senegal President Bassirou Diomaye Faye named a seasoned economist as prime minister on Monday, three days after dismissing the old government led by a firebrand populist who had spoken out against debt restructuring. The new prime minister, Ahmadou Al Aminou Lo, formerly served as head of the Senegal branch of the Central Bank of West African States.
The Russian central bank said on Monday it had filed a second claim with the General Court of the European Union, challenging the EU regulation that allows the use of Russia's frozen sovereign assets to repay the EU's loan to Ukraine.
National Bank of Canada on Monday reiterated its outperform rating on the shares of Agnico Eagle Mines (AEM) and its C$350.00 price target after the company decided to go ahead with development of the Hope Bay mine in Nunavut.
National Bank of Canada on Monday maintained its outperform rating on the shares of Pembina Pipeline (PBA) an its C$63.00 price target after the company decided to proceed with the Heartland Extraction Plant.
Two Bank of Canada events might garner some attention this week, said Scotiabank. External Part-Time Deputy Governor Nicolas Vincent speaks on "the labour market and structural change in the Canadian economy" on Tuesday. Then two days later, Governor Tiff Macklem unveils the semi-annual Financial Stability Report and Financial System Survey, noted the bank.
Mozambique's central bank left its main interest rate unchanged at 9.25% on Monday. Governor Rogerio Zandamela told a press conference that the decision reflected high levels of uncertainty over the length of the Iran war and its impact on supply chains and prices of fuel and food.
The Bank of Israel lowered short-term interest rates for the third time in six months on Monday as inflation remained contained despite a war with Iran, while the shekel stands at a three-decade high against the dollar.
Euro zone government bond yields fell to their lowest levels in about a month on Monday as renewed hopes of a U.S.-Iran deal to reopen the Strait of Hormuz eased concerns over inflation and reduced expectations of aggressive central bank policy tightening. Diplomatic efforts to resolve the Iran war seemingly continued after Iran and the United States played down hopes for an imminent breakthrough.
Prominent economist Mohamed A. El-Erian is warning about a shift in market dynamics, warning that investors can no longer count on traditional central bank interventions to rescue underperforming assets. According to a Substack post by El-Erian, the global economy has entered a complex environment where traditional safety nets are fading.
Statistics Canada will release on Friday the gross domestic product figures for Q1 on a complete expenditure accounts basis, plus monthly GDP estimates for March, April, and any revisions to prior months, said Scotiabank. They will be backward-looking, but a round of GDP figures will help the bank understand more about the momentum into the commodities shock.
Canada's key release this week is the Q1 real gross domestic product on Friday, said Bank of Montreal. Q1 GDP looks to rebound 1.5% annualized after contracting modestly in Q4, noted the bank.
Canadian financial markets seemingly "exhaled" a bit last week, "catalyzed" by constructive developments for the inflation backdrop, said TD. One important trigger was messaging that a United States-Iran deal may be in its final stages, noted the bank. The other major catalyst was an April inflation report that was soft at its core. Markets were braced for a "3-handle" on inflation last month.
Canada will release gross domestic product data for Q1 on Friday, said RBC. Canada's economy likely returned to growth in Q1 with GDP bouncing back by an annualized 1.7% after declining 0.6% in Q4, supported by improving domestic growth drivers, noted the bank.
* Oil prices fall below $100 a barrel. * Dollar eases as investors move out of the safe-haven currency. * US markets closed for Memorial Day holiday. By Noel John. Gold rose more than 1% on Monday as hopes of a peace deal to end the Iran war sent the dollar and oil prices lower, easing fears of inflation and higher-for-longer interest rates.
By Howard Schneider and Jacob Bogage. Former U.S. Federal Reserve Chair Jerome Powell was a handy foil for President Donald Trump, a target of blame for everything from high mortgage interest rates to the pace of economic growth.
By Howard Schneider and Jacob Bogage. Former U.S. Federal Reserve Chair Jerome Powell was a handy foil for President Donald Trump, a target of blame for everything from high mortgage interest rates to the pace of economic growth.
Euro zone government bond yields fell on Monday as renewed hopes of a U.S.-Iran deal to reopen the Strait of Hormuz eased concerns over inflation and reduced expectations of aggressive central bank policy tightening. Borrowing costs tracked moves in oil prices, which slid 5% amid optimism over a resolution of the conflict, even as key sticking points remained unresolved.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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