King Risk Partners has taken over the Roberts Agency, an independent insurance business in Bloomfield, Connecticut, US, for an undisclosed sum. The transaction gives King Risk a broader footing in Connecticut and adds to its capabilities in construction-related insurance a
Persistent geopolitical risks and resilient US data bolster Fed policymakers' push to maintain higher rates, pressuring gold prices. Gold prices retreated as rising expectations of a hawkish Federal Reserve overshadowed escalating US-Iran tensions. Iranian missile strikes
The USDA’s just-announced Great American Cotton Plan reads at first like a routine farm support announcement. The familiar pieces are there: crop insurance, government loans and the usual Washington language about a vital agricultural sector USDA has producers on tr
The New Zealand Dollar (NZD) depreciates for the third consecutive day against a stronger US Dollar (USD) on Wednesday, hitting lows below 0.5900. The Kiwi is showing the weakest performance among major currencies with tensions between the US and Iran crushing risk appetit
MUFG’s Derek Halpenny argues that strong United Kingdom (UK) credit and mortgage data, alongside elevated UK front-end yields, support the case for further Bank of England (BoE) tightening. He highlights Megan Greene’s hawkish stance, a potential July rate hike, and notes
EUR/JPY drops 0.3% as Japanese authorities signal potential currency market action to support the yen. The Japanese yen strengthened sharply against the euro in European trading, with EUR/JPY falling 0.3% following comments from a senior Japanese official warning of possib
The Japanese Yen (JPY) reflects a sudden jump against its major currency peers in the European trading session on Wednesday. There is a noticeable uptick in the Asia-Pacific currency against its peer, pushing EUR/JPY over 0.3% down to near 185.40 Japanese Yen Price
Analysts reduce India’s 2024 fuel demand growth estimates by up to 90% due to supply constraints and higher prices. India’s oil demand growth for 2024 is set to slow to its weakest pace since the Covid pandemic, as supply shortages and elevated fuel prices curb gasoline an
AUD/USD holds in a tight 0.7153–0.7187 band The Australian Dollar is seeing a gradual pullback within its range against the US Dollar. The AUD/USD failed to retest 0.7135 and instead held in a tight 0.7153–0.7187 band. This movement still sees a soft tone w
May’s Eurozone Composite PMI was revised higher to 48.5, exceeding the flash estimate of 47.5 and signaling slower contraction. Eurozone’s HCOB Composite PMI was revised upward to 48.5 in May, surpassing the initial flash reading and consensus estimate of 47.5. The revisio