Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union

Saudi Arabia Rejects Request From Netanyahu To Join Yemen Operations Israeli media is reporting that the Netanyahu government wants to join the fight against the Iran-aligned Houthis in Yemen, and is seeking the Saudi coalition's permission to do so. At the moment, Saudi jets are patrolling the skies and conducing hundreds of bombing raids against territory held by the Ansar Allah movement, in support of the Aden-based government under the Presidential Leadership Council. AFP/ReutersHaaretz is one prominent news source which reported that the Israeli prime minister had through US mediation offered Crown Prince...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...

Updated casualty figures from Iranian strikes on US bases in the Middle East last week have increased.  Three US soldiers were killed at a US base in Jordan that was hit by an Iranian missile. Additionally, an American was killed in Iraq while attempting to destroy a downed Iranian drone. On Wednesday, The New York […]