The Complicated Reality Behind High Gas Prices

Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating" Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market. Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus. Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncertainty, but the bigger bearish narrative remains centered on lackluster demand failing to absorb rising...

Following a flurry of Israeli strikes overnight Friday into Saturday killing at least five people in southern Lebanon, Israeli forces continued attacks into Sunday, destroying a hospital in Nabatieh and carrying out strikes that killed an additional four civilians, including two women, and wounded another 20. Ghandour Hospital, in Nabatieh al-Fawqa, was destroyed in Israeli […]

Key Events This Week: ISM, FOMC Minutes And Fed Speakers The week after payrolls is usually a quieter affair but there's plenty of global events even if the US calendar is light. In terms of the main highlights, given the current focus on monetary policy the FOMC minutes (Wednesday) and the ECB’s June meeting account (Thursday) will be carefully watched, especially the former given it was the first of the new Warsh regime. Speeches from Fed Governors Waller (Monday), Williams and Logan (Thursday) will provide a more "live" update to the...