US Envoy on Ukraine/Russia war Kellogg: Russia strikes threaten peace efforts..Russia launched one of its most intense attacks of the year on Ukraine overnight, deploying 598 drones and 31 missiles, according to the Ukrainian Air Force.
Hedge funds in Europe gain favour as investors steer away from US, says BNP Paribas.Investors plan to increase their hedge fund exposure to prefer Europe and Asia over the U.S. for the first time since 2023 as wealthy financiers diversify away from the United States, a BNP Paribas survey sent to clients on Thursday showed.
US: Q2 GDP Revised Higher to 3.3% .The second estimate of Q2 real GDP was revised higher by 0.3 percentage points to 3.3% quarter/quarter annualized (q/q) – a sharp acceleration from Q1's contraction of 0.5%.
Natural Gas Price Outlook – Natural Gas Looks Heavy.The natural gas market looks likely to see a lot of resistance above. The market is looking at a major barrier above, and of course we are still in the summer doldrums.
Dollar Slips on Month-End Flows, Yuan Jumps to 9-Month High.Dollar weakened broadly today, though without a clear catalyst. Month-end flows are likely in play, while traders turned cautious ahead of what is expected to be a volatile September.