Chicago wheat futures climbed to their highest level in six weeks as traders positioned for an upcoming U.S. Department of Agriculture report expected to show a reduction in domestic stockpiles. Global supply concerns, including a lower production forecast for Europe, also supported prices.
Russia has temporarily suspended maritime traffic through the Don-Azov channel, a vital grain export route, following a reported Ukrainian attack on 13 Russian vessels in the Sea of Azov.
The South Korean chipmaker raised $26.5 billion in the largest-ever U.S. listing by a foreign company, signaling strong investor demand for key players in the artificial intelligence supply chain.
Angola's central bank has included the Chinese yuan as an approved currency for local banks' mandatory reserves, a move that underscores the growing economic and financial relationship between the two nations.
Russia's MOEX Index closed unchanged, but the session saw broad-based declines with more stocks falling than rising, as major companies including Polyus and VTB hit multi-year and all-time lows.
A Bernstein research note finds that while artificial intelligence is improving market efficiency through faster analysis, it also creates new risks of synchronized trading and severe market dislocations.
Crude oil prices fell by approximately 2% on Thursday, as investor concerns over inflation and a potential global economic slowdown outweighed persistent supply risks from escalating tensions in the Middle East.
Gold prices recovered from a one-week low, rising more than 1% as a weaker U.S. dollar and falling oil prices improved investor sentiment following signs of potential de-escalation in the U.S.-Iran conflict.
Gold is trading in a narrow range below the critical $4,150 resistance level, with technical charts showing a 'bearish pennant' pattern that suggests the recent downtrend may continue.
