MALAYSIA

South-east Asia’s central banks now face questions beyond oil shocks – peace deal or not

Warsh’s appointment was widely read as a win for US President Donald Trump.

Fed chair Kevin Warsh’s agenda clashes with reality

The rally comes as Federal Reserve chairman Kevin Warsh vowed to restore price stability, spurring bets on interest rate hikes. 

Traders are most positive on the US dollar since 2015 as Fed hike looms

Spot gold advanced 1.3% to US$4,176.94 an ounce as at 2.31 pm in New York. Silver climbed 2% to US$62.42 an ounce, after gaining 5% in the previous three sessions.

Gold heads for first weekly gain since May on easing Fed outlook

Bullion extends a two-day recovery from its lowest level in almost seven months.

Gold jumps 2.8% after soft US job numbers ease Fed rate hike fears

Fed chair Kevin Warsh On Wednesday (Jul 1) said price risks have come down in recent weeks and repeated his commitment to bringing inflation down 2% target.

Trump says Fed chair Warsh faces ‘hostile’ board over monetary policy

The Stoxx 600 technology index fell 2.1% on Jul 2, the only sector in the red as AI-linked stocks retreated after sharp losses in Asia and on Wall Street overnight.

European shares close at record high after softer US jobs data calms rate hike fears

Former US Federal Reserve Chair Jerome Powell, whose term as a governor extends to January 2028, said he’d remain for now.

White House’s Hassett criticises Powell for staying on at Fed

The yen has tumbled to levels unseen since 1986 and cemented its place as one of the worst-performing major currencies this past year. 

Traders plot worst-case scenario for yen if currency crisis hits