Bessent Urges Senate to Proceed with Hearings for Trump’s Fed Nominee Despite Tillis' Block
Bessent called on the Senate to advance hearings for Kevin Warsh, President Trump's Federal Reserve nominee, despite Senator Tillis blocking all nominations pending the DOJ probe into Powell. This highlights ongoing political tensions affecting key financial appointments.
Majority of Thais Vote to Replace Military-Drafted Constitution
A recent referendum in Thailand saw the majority of voters favor replacing the country's military-drafted constitution, potentially paving the way for significant political reforms. This development marks a critical shift in Thailand's political landscape.
Treasury Secretary Scott Bessent Attributes Recent Gold Market Volatility to Chinese Traders
Treasury Secretary Scott Bessent pointed to Chinese traders as a key factor behind the recent wild swings in the gold market. This highlights the significant influence of Chinese market participants on global commodity fluctuations.
Mixed Market Movements with Slight Gains in Major Indices and Currencies
Global stock indices showed modest gains over the weekend with the Nikkei leading at +1.15%, while currencies like USD/JPY and EUR/USD saw slight increases. Commodities gold and silver also rose, whereas US oil prices declined marginally.
Bessent Praises New Japan Prime Minister as Strong Ally with Close Trump Ties
Bessent highlights the new Japanese Prime Minister as a great ally of the United States and emphasizes his strong relationship with former President Trump. This suggests continued positive diplomatic relations between Japan and the U.S.
Bessent Links Japan's Strength to U.S. Influence in Asia
Bessent states that when Japan is economically strong, it positively impacts U.S. strength and presence in Asia. This suggests a close connection between the economic conditions of Japan and the strategic positioning of the U.S. in the region.
Saudi Arabia to Unveil Updated Strategy for $2 Trillion Economic Diversification Plan
Saudi Arabia is set to release an updated strategy for Crown Prince Mohammed bin Salman's $2 trillion economic diversification agenda as the kingdom adjusts its policies to drive growth and reduce dependence on oil. This move aims to reshape the nation's economic landscape and attract more investment.
ECB's Cipollone Highlights Strong Euro as Key Factor for March Forecasts
European Central Bank's Cipollone indicates that the strong euro will be a significant input in the upcoming March economic forecasts. This suggests the ECB is closely monitoring currency movements in its policy assessments.
Silver Price Forecast: Why the Pullback From $120 Could Fuel the Next Rally
Silver's sharp drop from $120 to $64 marks a healthy reset, not a reversal, as rising safe-haven demand, COMEX delivery pressures, and major breakout signals across key ratios point to a bullish continuation.
ECB to Evaluate Impact of Euro Rally on Inflation in March Forecasts
The European Central Bank will assess how the recent strengthening of the euro affects consumer-price growth in its upcoming quarterly forecasts scheduled for March, according to Executive Board Member Piero Cipollone.