Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
Gold Prices Rise as Weaker Dollar and U.S.-Iran Peace Hopes Boost Demand 
Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited 
US Trade Court Blocks Trump’s 10% Global Tariffs 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment 
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
Trump-Xi Meeting 2026: U.S.-China Trade Tensions Escalate Ahead of Beijing Summit 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
U.S.-China Beef Trade Deal Hopes Rise Ahead of Trump-Xi Summit 
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers 
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce 
US dollar gained momentum after better than expected US ISM manufacturing PMI . It hits a high of 106.73 and is currently trading around 106.52.
Manufacturing Insights: Signs of Improvement Amid Contraction
The US ISM Manufacturing PMI for November 2024 rose to 48.4, up from 46.5 in October, showing slight improvement but still indicating contraction for the eighth month. The New Orders Index increased to 50.4, suggesting weak growth, while the Employment Index improved to 48.1. Price pressures eased, with the Prices Paid Index dropping to 50.3. Overall, the US Dollar strengthened following these mixed but hopeful manufacturing reports.
Political Crisis in France: Euro Faces Headwinds
Euro lost its shine amid France's political crisis. It is facing a serious political crisis with Prime Minister Michel Barnier's minority government at risk of collapsing due to a no-confidence vote.
His proposed €60 billion budget to reduce the deficit is encountering strong opposition from both right and left-wing parties. To bypass this, Barnier used a controversial method to pass a social security budget, prompting more opposition challenges. The political turmoil has raised concerns about France's financial stability, affecting its bond yields and raising questions about future governance.
