"Save Every Drop Of Fuel": South Korea Tells Citizens To Conserve, Ride Public Transit Amid Energy Shock

Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira Two months ago, at the end of March, we reported that Turkey was aggressively dumping its gold reserves in a panic scramble to obtain dollar funding, which Erdogan's regime was using to keep the Turkish lira from crashing, and to also pay for energy imports which had suddenly soared in price as a result of the Iran war. The violent selling by Turkey (and other emerging markets) was behind the brutal plunge in gold prices, which tumbled...

Netanyahu's Likud Accuses Qatar, Turkey Of Election Interference Aimed At 'Islamizing Israel' Via The CradleIsraeli Prime Minister Benjamin Netanyahu accused Qatar and Turkey of financing the unprecedented success achieved by Palestinian-Israeli parties in the election this week, with his Likud party warning of an "Islamization of Israel" on Thursday.An election interference probe has reportedly concluded. "After it was revealed that foreign entities tried to take over the Knesset, it is clear that no Zionist party should cooperate with Raam and the Joint List, replace the Knesset speaker through votes bought...

Key Events This Week: Core PCE, Global PMIs, Micron Earnings And Fed Talk The main data highlights this week are the global flash PMIs tomorrow, and the US core PCE on Thursday. Elsewhere, other data of interest include the Ifo survey in Germany (Wednesday), Tokyo CPI in Japan (Friday), and CPI reports in Canada (today) and Australia (Wednesday). Also focus will be on the UK where Keir Starmer announced his resignation earlier today and attention will turn on succession planning.  After a hawkish FOMC last week with a clear shift in...