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02/04/2026
German Research Center for Geosciences: 6.01 magnitude earthquake occurred in Brazil.
Latest
4 m ago
On Thursday, Trump made a rare prime-time national television address from the White House. He attempted to reassure the American people who are experiencing financial market volatility and a decline in political support due to the war, claiming that the war with Iran is "very close" to ending. However, as Trump hinted at possible escalation of military action in the short term, international spot gold and silver prices plummeted while U.S. and Brent crude oil prices continued to rise. At the time of writing, spot gold fell over $100, spot silver fell over 3%, and U.S. and Brent crude oil both rose over 5%. This speech highlights the immense pressure Trump is facing to clearly define the purpose of the war to the public and find an "exit strategy" for the increasingly uncontrollable conflict that has entered its fifth week. It is worth noting that in some ways, this speech resembles the mobilization at the beginning of the war rather than a summary one month into the war. The Strait of Hormuz, through which one-fifth of global seaborne oil passes, has been basically blocked since the outbreak of hostilities, becoming a major economic pain point. Despite Trump's insistence that the energy shock will ease after the war, the government has not yet clarified how it will convince Iran to reopen the passage through the strait.
4 m ago
Shipping sector continues to strengthen, China Merchants Shipping is approaching the daily limit up, COSCO Shipping Energy rises more than 5%, China Merchants Nanyou, China Merchants Group, Qinhuangdao Port Company, and Xiamen Port Group are also rising.
5 m ago
The Australian government bond yields rose further as oil prices increased, with the 3-year yield rising by 12 basis points.
5 m ago
Nomura: Trump's speech did not send a clear signal to calm the situation Nomura stated that Trump's speech did not send a clear signal to calm the situation as the market had hoped. Robert Subbaraman, global market research director at the company, said that in the foreign exchange market, we may see Asian currencies weaken against the US dollar. If the volatility is too rapid, central banks of various countries may increase their intervention efforts. He stated that this could bring upward pressure on government bond yields.
7 m ago
Power sector opens higher, Xinzhonggang and Leshan Electric hit limit up.
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