Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
Gold gains, oil drops as Trump pauses Iran strikes for diplomacy
Gold rose 0.7% while oil tumbled more than $5 a barrel after President Trump said he would pause fresh strikes on Iran to give diplomacy a c
Citadel buys AI-stricken fund's portfolio after 67% July loss
Citadel stepped in to buy part of Situational Awareness' portfolio after the AI-focused fund lost 67% in July and rushed to unwind $16 billi
Latin American markets split: currencies slip, stocks edge higher
Latin American markets moved in opposite directions: most currencies fell against the dollar, but MSCI's regional stock index rose 0.2%. Inv
Healthcare stocks slip as Novo Nordisk trial miss offsets Replimune's FDA win
Healthcare stocks slipped Friday as Novo Nordisk dropped 9% on a trial miss, while Replimune jumped 101% after an FDA panel backed its melan
Yen intervention risk rises as dollar slips to 158.2
The dollar slipped to about 158.2 yen as Japan hinted at more intervention to support the currency, and the BOJ kept rates steady. The move
Non-tech picks: gold shines, but crude spike weighs on the rest
Gold and the tech rotation trade held up in July, but Daikin, Harrow, and the Hormuz Recovery basket struggled as Brent crude spiked nearly
European ADRs slip 0.6% as Novo Nordisk, Grifols weigh on index
European ADRs traded in the US slipped 0.6% Friday morning, with healthcare names Novo Nordisk and Grifols leading the decline. NatWest and
Stocks slip as Fed officials hint at more rate hikes, yields jump
Stocks gave up an early AI-led gain after Fed officials suggested rates may still need to rise. The 10-year Treasury yield hit its highest s
Pound heads for best month since April as budget nerves fade
Sterling is set for its best month since April, even as the UK moves its budget to October 28. The muted reaction reflects global currency s
Rand slips despite bigger trade surplus as global risk weighs
South Africa's rand slipped about 0.6% against the dollar even though June's trade surplus came in far above expectations. Global risk senti
Commodity giants pull back from Radiant World over document concerns
Major commodity traders are distancing themselves from Radiant World after concerns that documents tied to its iron ore deals may be invalid
Private credit fundraising stays strong even as defaults hit record
Big private-credit managers like Ares and Blue Owl are still pulling in billions, but Fitch reports the US private-credit default rate hit a