Jennifer Parker, Adjunct Fellow at UNSW Canberra, discusses the legality and diplomatic implications of the US blockade and 20 percent cargo toll in the Strait of Hormuz. She draws on more than 20 years’ experience in the Royal Australian Navy, including leading multinational maritime operations in the Middle East. Jennifer speaks with Haidi Stroud-Watts on “Insight with Haslinda Amin.” (Source: Bloomberg)
Japan’s 20-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.
Here’s a quick look at the numbers as China’s exports surge in June while imports rise at the fastest clip in five years. (Source: Bloomberg)
Iran has been sneaking oil tankers through the Strait of Hormuz over the past few days, even before the US said it would reimpose a blockade of Iranian ports as hostilities escalated.
China’s yuan is still undervalued versus the euro despite its recent gains, and that’s contributing to a wider European Union trade deficit, according to Deutsche Bank AG.
Chinese crude oil imports fell sharply in June to near a decade low, hampered by war in the Persian Gulf and an abrupt slowdown in domestic demand.
Taiwan reported a roughly 80% profit from a nine-month-long intervention to support the island’s stock market following the Trump administration’s move to impose tariffs, though it has now exited its position.
Jefferies says large caps are starting to look more reasonably valued.
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