May 19, 2026 10:04 am
Key Moments Copper on the LME extended its latest bout of losses, weighed down by inflation worries tied to the Iran conflict, weaker Chinese data and a stronger USD. Prices have pulled back from recent highs reached just last week as macroeconomic headwinds have intensified. Even after the recent decline, copper remains about 8% higher […]
Read moreMay 19, 2026 9:23 am
Key Moments Blackstone will commit $5 billion and hold a majority stake in a new AI-focused cloud company built on Google’s specialized chips. The venture intends to deploy 500 megawatts of computing capacity by 2027, with plans to significantly scale beyond that level. The initiative is positioned to compete with providers such as CoreWeave Inc […]
Read moreMay 19, 2026 8:57 am
Key Moments Roughly 20% of global oil and LNG flows have been disrupted at the Strait of Hormuz, triggering what is described as the largest energy-supply shock on record. The United States has solidified its status as a leading global energy supplier, briefly surpassing Saudi Arabia as the top oil exporter during the conflict while […]
Read moreMay 19, 2026 6:48 am
Key Moments USD/CHF moved higher as the US Dollar gained support from rising expectations of a hawkish Federal Reserve stance. Market pricing reflected stronger odds that the Fed will keep policy tighter for longer due to inflation concerns. The Swiss Franc weakened despite ongoing geopolitical uncertainty that typically supports safe-haven demand. Swiss Franc Under Pressure […]
Read moreMay 19, 2026 6:30 am
Key Moments GBP/USD weakens to around 1.3415 in Asian trading as political uncertainty in the UK weighs on sentiment. UK gilt yields surge to a 28-year high amid fiscal concerns following local election losses and senior government resignations. Fed funds futures imply a 35.0% probability of a 25 bps Federal Reserve rate hike by year-end, […]
Read moreMay 19, 2026 5:40 am
Key Moments WTI trades around $101.85 in early Asian dealings on Tuesday after retreating below $102.00. President Trump said he called off a planned military strike on Iran following appeals from Gulf leaders. The Strait of Hormuz remains effectively closed amid U.S.-Iran tensions, keeping supply risks in focus. Crude Retreats After Cancellation of Planned Iran […]
Read moreMay 18, 2026 2:14 pm
Key Moments Goldman Sachs keeps its year-end Gold price target at $5,400 per troy ounce, near the recent all-time high. Central bank Gold purchases are projected to rise to an average of 60 tonnes per month this year, exceeding the 12-month moving average of 50 tonnes seen in March. Gold’s short-term outlook remains pressured by […]
Read moreMay 18, 2026 1:01 pm
Key Moments ServiceNow (NYSE:NOW) shares climbed 5% after BofA Securities began coverage with a Buy rating and a $130 price objective. BofA projects 18-22% revenue growth from 2026-2028 and free cash flow margins of 35-37%, with additional margin expansion anticipated in 2027. The firm argues AI will enhance ServiceNow’s role in enterprise workflows rather than […]
Read moreMay 18, 2026 12:37 pm
Key Moments Ford Motor (NYSE:F) signed a five-year agreement with EDF for up to 20 GWh of energy storage capacity. Under the deal, EDF can purchase up to 4 GWh of DC Block battery storage systems per year from Ford Energy. Ford shares rose about 3.6% in premarket trading after the announcement. Deliveries are expected […]
Read moreMay 18, 2026 9:54 am
Key Moments Live cattle and feeder cattle futures on the CME advanced after cash prices climbed on extremely tight U.S. supplies described as a 75-year low. Cash cattle prices in northern regions such as Nebraska reached $265 per cwt this week, up as much as $7 from the prior week, according to traders. Meatpackers and […]
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