Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
European wholesale natural gas prices increased this week, driven by forecasts of a summer heatwave, unexpected maintenance extensions in Norway, and a slower-than-usual pace of refilling storage facilities.
The International Energy Agency forecasts global natural gas consumption will fall by 0.5% in 2026, driven by high prices and supply disruptions linked to geopolitical conflict. This would mark the third annual decline for gas demand this decade.
The People's Bank of China continued its gold purchasing streak in June, marking the 20th consecutive month of additions to its reserves. The country's total gold holdings rose to 75.44 million fine troy ounces.
Russia's gold reserves fell to $298.99 billion in June, according to data released by the country's central bank. The drop was part of a broader decline in total official reserve assets, which stood at $720.4 billion at the end of the month.
European markets saw significant losses on Wednesday after U.S. President Donald Trump announced the end of a ceasefire agreement with Iran. The news also caused a surge in global oil prices due to renewed geopolitical tensions.
Shares of Advanced Micro Devices (AMD) gained in morning trading, recovering from a previous session's decline as investors focused on positive analyst sentiment and a reassessment of a competitive threat.
U.S. President Donald Trump stated he will grant Ukraine a license to manufacture Patriot missile interceptors. The announcement was made during a meeting with Ukrainian President Volodymyr Zelenskyy at the NATO summit in Turkey.
Super Micro Computer has announced a new Kubernetes Edge AI appliance developed with Red Hat and Everpure, leading to a rise in the company's stock. The solution is designed to simplify the deployment and management of AI applications in distributed edge environments.
Critical Metals Corp. announced it is reviewing a range of strategic options, including potential asset sales or joint ventures, to concentrate its resources on developing its flagship Tanbreez rare earth project in Greenland.
