Global investors go into Thursday’s talks between Donald Trump and Xi Jinping with one overriding demand. They want predictability, and they want it with a long runway attached. Markets have already placed a bet on a calm outcome. Wall Street’s benchmark index climbed 1.5% this week to post its best session since early August, while the main US tech index notched its first record close since June. […]
Pope Leo XIV will use his first visit to France as pontiff to underscore solidarity with eastern Christian communities, including those in the Arab world, during a four-day apostolic journey beginning in Paris on Friday. The Pope is due to pray at Notre-Dame Cathedral on September 25, where a chapel dedicated to eastern Christians has become a visible symbol of links between western Catholicism and ancient churches […]
Greenlogue/AP The UAE has warned that a global water financing shortfall of as much as $141 billion a year threatens ambitions spanning artificial intelligence, energy transition, food security and rapidly growing cities. The warning was delivered at a private roundtable at the UAE’s Permanent Mission to the United Nations in New York, where about 50 chief executives, investors and philanthropy leaders examined how to turn viable water […]
The government is considering an offering of about HK$15 billion to HK$20 billion across US dollar, Hong Kong dollar, euro and offshore renminbi tranches, according to people familiar with the planned transaction. Pricing could take place as early as Monday, after fixed-income investor meetings arranged this week.
The proposed deal would exceed the scale of Hong Kong’s previous digital green bond issues and underline its push to expand tokenised capital markets alongside conventional debt issuance. Digital bonds use distributed-ledger technology to record ownership and support parts of the issuance, settlement and post-trade process.
Hong Kong has steadily increased the size and complexity of its sovereign digital bond programme. Its third digital green bond offering, completed in November 2025, raised about HK$10 billion equivalent across four currencies and attracted subscriptions exceeding HK$130 billion, according to government figures.
That transaction was then the world’s largest digital bond sale. It also incorporated tokenised central bank money, including e-HKD and e-CNY, into the primary settlement process, while using the Hong Kong Monetary Authority’s Central Moneymarkets Unit and a digital assets platform to connect tokenised infrastructure with established settlement channels.
The planned new sale would come after the Hong Kong Mortgage Corporation completed a HK$12 billion public digital bond issuance in June, setting another global size record for a digital bond at the time. The transaction included Hong Kong dollar and offshore renminbi tranches and used the same digital assets platform, demonstrating broader public-sector adoption of tokenised issuance.
Hong Kong authorities have made digital finance a central part of their capital-market strategy. Financial Services and the Treasury Secretary Christopher Hui said last week that digital bonds issued in Hong Kong accounted for about half of the global market between 2025 and the first half of 2026.
The government has also said it intends to make digital bond issuance a regular feature rather than an occasional pilot. Its 2026 policy agenda calls for further use of digital currencies in bond settlement and for tokenised money to be tested across additional stages of the bond lifecycle, including coupon payments and redemption.
Hong Kong Monetary Authority Chief Executive Eddie Yue said at the Treasury Markets Summit on Wednesday that the city was working to encourage more bond issuance, deepen offshore renminbi liquidity and modernise market infrastructure. He called for development of a more diversified, deep and digital-native bond market.
The proposed green bond would also extend Hong Kong’s sustainable-finance programme. Proceeds from government green bonds are allocated to eligible projects under its green bond framework, including areas such as green buildings, waste management, resource recovery, energy efficiency and conservation.
By the end of 2025, around US$32 billion equivalent of green bonds had been issued under the government’s sustainable bond programme in institutional, retail and tokenised formats, according to the monetary authority. The proceeds had been allocated to more than 110 green projects.
Hong Kong’s first tokenised government green bond was issued in February 2023. A second transaction in February 2024 became the world’s first multi-currency digital bond offering, raising about HK$6 billion equivalent in Hong Kong dollars, renminbi, US dollars and euros.
The 2024 transaction also broadened access by linking the Central Moneymarkets Unit with international settlement systems Euroclear and Clearstream, allowing investors to participate through familiar market infrastructure while the bonds themselves were digitally native.
For the proposed new offering, final size, tenor, pricing and tranche allocations will depend on investor demand and market conditions. The government has not yet announced final terms, and the people familiar with the discussions said the structure remained subject to change.
Arabian Post Staff -Dubai Saudi Arabia is driving a $90 billion hotel and resort development pipeline across the Gulf and North Africa, accounting for about 110,000 of nearly 200,000 rooms planned across the region, new HVS data show. The pipeline would expand the region’s existing hotel room supply by about 27 per cent, underlining the scale of investment continuing across major tourism markets despite a more selective […]
Bitcoin traders are bracing for a major derivatives reset on Friday, when about $15.7 billion of options tied to the cryptocurrency are due to expire on Deribit, putting the durability of this week’s rally under scrutiny. The September 25 quarterly expiry is the largest concentration of Bitcoin options on the exchange, with open interest equivalent to roughly 179,000 to 183,000 Bitcoin depending on the market snapshot. Deribit […]
Water shortages and chronic underinvestment are emerging as direct constraints on artificial intelligence, energy systems, food production and urban expansion, sharpening pressure on governments and investors to mobilise far more capital for water infrastructure. The issue moved higher on the global investment agenda this week as about 50 chief executives, investors and philanthropy leaders met at the UAE’s Permanent Mission to the United Nations in New York […]
Iranian President Masoud Pezeshkian said Tehran would not guarantee unrestricted navigation through the Strait of Hormuz while US sanctions and a naval blockade remain in force, hardening Iran’s position as diplomatic contacts with Washington resume in New York. Addressing the United Nations General Assembly on Wednesday, Pezeshkian said Iran could not accept a system in which other countries benefited from the strategic waterway while Tehran itself faced […]
Arabian Post Staff -Dubai Microsoft plans to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait by 2030, extending its cloud and artificial intelligence infrastructure while placing digital resilience at the centre of its Gulf strategy. The spending programme will cover continued infrastructure development and a broader expansion of Microsoft’s operations across the four countries, Vice Chair and President Brad Smith […]
By Dr. Gyan Pathak Two Election Commissioners of India, out of three, have put on record their objections against certain decisions of the Election Commission under the leadership of Chief Election Commissioner (CEC) Gyanesh Kumar Gupta, and labeled them even ‘illegal’ and ‘unauthorised.’ An Indian Express investigation has found that objections were raised at least […]
The article Accountability For CEC’s ‘Illegal’ And ‘Unauthorised’ Actions Lies With PM Modi appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
SoftBank Group has begun marketing more than $11 billion of dollar and euro bonds at record prospective yields for comparable company maturities, as Masayoshi Son’s investment group turns again to debt markets to finance its expanding artificial intelligence commitments. The Tokyo-based group is seeking $10 billion through three dollar tranches and €1 billion through two euro tranches. Price discussions for the dollar bonds point to yields of […]
A New Chapter in Toblerone Innovation
In 2024, Toblerone introduced its distinctive diamond-shaped truffles to the market, marking a bold step beyond the brand’s legendary triangular bar. The launch proved a resounding category success, redefining what consumers expect from premium boxed chocolates. Now, Toblerone takes this innovation further with a partnership that is set to captivate chocolate lovers worldwide: Toblerone Diamond Truffles with Biscoff®.
Each diamond-shaped truffle is individually crafted from smooth Toblerone milk chocolate, filled with smooth Biscoff® spread and finished with crunchy nougat pieces. The result: the unmistakable caramelised taste and crunchy texture of Biscoff®, elevated by Toblerone’s signature chocolate craftsmanship.
When Two Global Icons Unite
Biscoff® has become one of the world’s most sought-after biscuits, transcending categories and cultures. This collaboration between Toblerone and Biscoff® represents a strategic partnership that unites two iconic brands to create something truly new in the premium chocolate category – a product that meets growing consumer demand for innovative, indulgent experiences.
Iain Livingston, President Toblerone & World Travel Retail at Mondelēz International, proudly says: “Toblerone has always stood for being never square, and celebrating unapologetic indulgence. With our diamond-shaped truffles already proving a category success, combining them with globally loved Biscoff®, was a natural next step. People look for surprising combinations of familiar tastes, and this is a collaboration that only two icons could bring to life. We couldn’t be more excited to share it with the world.”
The excitement is shared by Lotus Bakeries as Isabelle Maes, Chief Marketing Officer at Lotus Bakeries, emphasizes: “Biscoff®‘s unique caramelised taste and crunchy texture have become a global phenomenon, loved across cultures and age groups. Partnering with Toblerone – a brand synonymous with quality and indulgence – allows us to bring our iconic Biscoff ® biscuit and spread experience to consumers in an entirely new and exciting format.”
The Perfect Treat – Available in Two Formats Across Key Global Markets
Toblerone Diamond Truffles with Biscoff® are available in two pack sizes to meet different consumer occasions – perfect for gifting, sharing, or an indulgent treat:
The exclusive Costco deal represents a landmark moment for Mondelēz International and its Toblerone brand, marking the first time the company has partnered with Costco to launch a product range on a global scale. Another testament to the strength of both the Toblerone brand and the universal appeal of Biscoff®.
Hashtag: #Toblerone #Biscoff #NeverSquare
https://www.mondelezinternational.com/our-brands/toblerone/
https://www.linkedin.com/company/mondelezinternational/
https://www.instagram.com/toblerone
The issuer is solely responsible for the content of this announcement.
In 1908, Theodor Tobler and Emil Baumann (production manager and Tobler’s cousin) invented a unique chocolate: Toblerone! “Toblerone” is a portmanteau of the names “Tobler” and “Torrone,” the Italian term for honey-almond nougat. Its distinctive feature is the triangular bar shape. Since 1985, production has been based in Bern Brünnen, where employees work with great passion every day to ensure the production of up to 4 million Toblerone products. Today, around 90 percent of Toblerone products sold worldwide are manufactured in Bern.
Toblerone has never been square. Not in shape. Not in spirit. And not in ambition. Never Square is the belief that the best things in life refuse to conform and that the most interesting gifts are rarely the obvious ones.
Since 1932, Biscoff® has been delighting consumers’ taste buds with its delicious caramelised taste and crunchy texture. Originally from Belgium but now loved all over the world, Lotus Biscoff® cookies were first brought to market by Jan Boone Sr., who created a caramelised cookie using only natural ingredients. This unique recipe and cookie remain the basis of our three hero products: the original Lotus® Biscoff® cookie, the Lotus® Biscoff® sandwich cookie and the Lotus® Biscoff spread. Whether they are enjoyed at home, on the go, at the office or on a flight, Biscoff® provides everyone around the world with a unique moment to truly enjoy!
By Ashok Nilakakntan Ayers WASHINGTON: The confrontation between Donald Trump and the American press has entered a new phase. What began on Friday as a presidential declaration against three news organizations — CNN, MS NOW and Politico — became a physical ban on Saturday, when reporters from the three organizations were stopped at the White […]
The article Trump’s White House Media Ban: Fourth Estate Under Attack In USA appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
BANGKOK, THAILAND – Media OutReach Newswire – 22 September 2026 – Following its first anniversary on 3 September 2026, Suan Dusit Arun – the 11,200 sq m public rooftop park at Dusit Central Park in the heart of Bangkok – has released its first set of visitor, community, and environmental performance data. The figures demonstrate strong public demand for accessible green space in the Thai capital, with an average of 2,621 unique daily visitors during the 12-month reporting period.
The largest public rooftop park in Bangkok’s central business district, Suan Dusit Arun is a defining feature of Dusit Central Park and provides elevated views across Lumpini Park, one of the city’s most important green spaces. It was designed as a practical response to critical urban challenges facing Bangkok, including rising temperatures, limited access to green space, and declining biodiversity.
Open to all, the park offers the luxury of space, nature, and calm in the centre of Bangkok. Its public use and programming are thoughtfully managed to protect the landscape, preserve a comfortable atmosphere, and ensure that visitors can continue to enjoy the park without compromising the qualities it was designed to provide.
Combining beautiful views with a strong social and environmental purpose, the park serves as the unifying landscape connecting the principal elements of Dusit Central Park: the flagship Dusit Thani Bangkok hotel, Central Park Offices, the Central Park shopping centre, and a 69-storey residential tower comprising the ultra-luxury Dusit Residences and contemporary Dusit Parkside.
The design of Suan Dusit Arun reflects the wider architectural philosophy of Dusit Central Park, responding to wind flow and solar orientation while drawing on Feng Shui principles to foster harmony, balance, and a positive flow of energy between people and their surroundings.
With approximately 98% of its layered landscape dedicated to green space, the park combines 184 plant varieties, including 48 Thai species, with accessible areas for recreation, learning, community gatherings, and quiet reflection. Its planting includes native shade trees, flowering varieties, and climate-adapted plants.
The planting includes nine tree species in the three threatened categories of the IUCN Red List – two Critically Endangered, two Endangered, and five Vulnerable. It also reflects Thailand’s cultural heritage through sacred spirit trees, species referenced in classical Thai literature, and jasmine, a symbol of Mother’s Day in Thailand. Pollinator-friendly species include mangrove apple and queen’s crape myrtle.
Water management is another important part of the park’s operation. Harvested or recycled water supplies approximately 25% of irrigation demand, supported by an automated, timer-controlled irrigation system. The planted landscape is estimated to reduce stormwater runoff entering the city’s drainage system by 30–50% compared with a conventional hard-surfaced roof.
While assessment of the park’s environmental performance is ongoing, monitoring conducted within and outside the project area on 13 and 14 March 2026 provided an initial snapshot of conditions. Air temperature within Suan Dusit Arun was recorded at 31°C, compared with 33°C outside the project area. Suspended particulate matter concentrations were also approximately 35% lower within the park during the monitoring period.
“When we conceived Suan Dusit Arun, we wanted it to become an active part of Bangkok’s daily life – a public landscape with a clear social and environmental purpose,” said Chanin Donavanik, Group CEO, Dusit International. “Welcoming more than 951,000 visitors in its first year shows how strongly people value accessible green spaces where they can exercise, learn, connect, and spend time in nature.
“For Dusit, this is how responsible hospitality reaches beyond hotel operations: by creating places that deliver meaningful value for the communities and environments around them. The initial data from Suan Dusit Arun indicates the potential of thoughtful design and responsible operation to improve everyday urban life. We will continue to monitor the park’s performance and report its contribution with care and transparency.”
Beyond its daily public use, Suan Dusit Arun hosted a thoughtfully curated programme of 43 recreational, wellness, and educational events and visits during its first year. Together, these activities engaged more than 9,500 people. They ranged from aerobics, Pilates, and city runs to Children’s Day celebrations, live music, design talks, and study visits by schools and universities.
Partners included Silpakorn University, SCG Packaging Public Company Limited (SCGP), and the Thai Red Cross, alongside schools, community groups, and commercial organisations.
Collaboration with SCGP also extends to waste reduction. Suan Dusit Arun participates in the company’s “Old for New” recycling initiative and separates around 100 kg of cardboard from its operational waste each month for recycling. Event organisers are also encouraged to reduce disposable plastics and choose reusable or recyclable materials wherever practical.
Tree Walk for Bangkok Climate Action Week 2026
To mark Bangkok Climate Action Week 2026, Suan Dusit Arun and Dusit International will collaborate with Big Trees Foundation to host Tree Walk: Discovering the Value of Urban Trees at Suan Dusit Arun on 9 October 2026. Led by landscape architect Touchapon Soontrajarn and professional arborists, the half-day programme will explore how thoughtful landscape design and tree care can support urban cooling, cleaner air, biodiversity, and public well-being.
Running from 9:00–11:30 hrs, the event is limited to 30 participants and costs THB 250 per person, with all proceeds to be donated to Big Trees Foundation to support urban tree conservation. Registration will be available through the Bangkok Climate Action Week platform.
More information is available at bangkokclimateactionweek.org/en/programme/325.
High-resolution images and a short video accompanying this media release are available here: Suan Dusit Arun
Hashtag: #Dusit
The issuer is solely responsible for the content of this announcement.
Suan Dusit Arun is an 11,200 sq m public rooftop park at Dusit Central Park, a mixed-use development in the heart of Bangkok, Thailand. Opened on 3 September 2025, the park was designed according to Universal Design principles and brings together Thai flora, shaded walkways, water features, cultural spaces, and panoramic views of Lumpini Park.
Its principal features include the Bird Nest Viewpoint, Cascade 2513 waterfall, and Dusitpini Amphitheatre. Suan Dusit Arun connects Dusit Thani Bangkok, Central Park Offices, Central Park shopping centre, and a 69-storey residential tower comprising Dusit Residences and Dusit Parkside. The park is open to the public free of charge.
For more information, please visit dusitcentralpark.com/roofpark
Established in 1949, Dusit International is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Real Estate Development, and Hospitality-Related Services.
Dusit’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion, and diversification.
For more information, please visit dusit-international.com
Alibaba Group unveiled its Zhenwu V900 artificial intelligence accelerator on Tuesday, saying the processor delivers three times the performance of its predecessor and is its most powerful AI chip yet. Chief Executive Eddie Wu introduced the chip at Alibaba’s annual Apsara Conference in Hangzhou, placing proprietary semiconductors at the centre of the company’s expanding artificial intelligence strategy. Alibaba said the V900, designed by its T-Head semiconductor unit, […]
Gold edged higher on Tuesday as falling crude prices eased inflation concerns and reduced expectations that the US Federal Reserve would need to deliver repeated interest-rate increases. Spot bullion traded around $4,360 an ounce during Asian hours, recovering from Monday’s decline, when prices posted their biggest fall in a week. The move followed a sharp retreat in oil, which steadied after losing more than 9 per cent […]
Arabian Post Staff -Dubai Oil prices edged higher on Tuesday, snapping a four-session decline as traders balanced persistent Middle East supply risks against the possibility of diplomatic contacts between the United States and Iran during the United Nations General Assembly in New York. Brent crude futures for November rose $1.14 to $101.48 a barrel in early trading, while US West Texas Intermediate for October gained 87 cents […]
G7 foreign ministers have called on Iran to stop arming and supporting Yemen’s Houthis, warning that the group’s military operations risk widening instability across the Middle East and disrupting international trade. The ministers of Britain, Canada, France, Germany, Italy, Japan and the United States issued the demand after meeting on Monday on the sidelines of the United Nations General Assembly in New York. They condemned continuing Houthi […]
Arabian Post Staff -Dubai RcrutAI has expanded its Panther real estate intelligence platform into commercial and mixed-use development, adding tools for site analysis, tenant planning, parking demand, pricing and project feasibility. The Cairo-based artificial intelligence company announced the move on September 21, extending a platform that was initially built to support residential development decisions. RcrutAI said the new commercial capabilities are intended to connect decisions that developers […]
South African businesses are treating water security as a core continuity risk as unreliable municipal supply, ageing infrastructure increase operational risk across affected municipal networks and major cities. Companies are responding by expanding on-site storage, drilling boreholes where viable, installing treatment systems, recycling wastewater and improving consumption monitoring. The shift resembles the earlier move towards private power resilience, with businesses seeking alternatives to dependence on a single […]
Arabian Post Staff -Dubai Visa Direct is expanding its Saudi Arabia footprint as digital money transfers accelerate, with card-based transaction volumes in the kingdom rising by more than 50 per cent year on year, according to Visa. The growth reflects stronger demand from consumers and financial institutions for faster domestic and cross-border payments, particularly remittances, as Saudi Arabia’s payments market continues shifting towards digital channels. Visa said […]
By Dr Arun Mitra Forest fires across different parts of Europe, devastating heat waves in many western countries, growing concern over El Niño & similar phenomena and the rapid melting of glaciers are alarming indicators of a planet under severe stress. The formation of large glacial lakes poses an additional danger, as the breaching of […]
The article Triple Whammy: Ongoing Wars, Nuclear Threats Worsen Climate Crisis appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
The Hyderabad region operates across three availability zones and is designed to provide resilience for organisations running critical applications. Microsoft said the architecture is aligned with applicable regulatory and seismic requirements in India, while giving customers additional options for data residency, continuity and governance.
The company said the region is now live with a broad set of Azure services, with more cloud and AI capabilities scheduled to be added over the coming months. It is also intended to support Microsoft Foundry and other advanced AI services as capacity expands.
Puneet Chandok, president of Microsoft India and South Asia, said at the Microsoft AI Infrastructure Summit in New Delhi that the Hyderabad facility was built for advanced AI workloads and would serve as a strategic hub for Asia and the Global South. Microsoft also said its data centre regions across the country are now AI-enabled, combining specialised hardware, cooling systems and the platform infrastructure needed to run advanced models.
India South Central joins Microsoft’s Central India region in Pune, South India region in Chennai and West India region in Mumbai. Microsoft’s Azure region list identifies Hyderabad as India South Central and shows Central India as its paired region for disaster-recovery planning.
The Hyderabad expansion forms part of Microsoft’s $20.5 billion investment commitment to India, comprising a $3 billion investment announced in January 2025 and a further $17.5 billion commitment announced in December 2025. The company has linked that spending to cloud capacity, AI infrastructure and skills development.
The launch comes as data-centre investment accelerates across the country alongside demand for computing capacity needed to train and run AI systems. A Boston Consulting Group study cited by Microsoft estimates that India’s data-centre build-out could generate $140 billion to $200 billion in economic output through 2030. Microsoft said its infrastructure is intended to serve enterprises, start-ups and public-sector organisations.
Microsoft said Adani Group, Bajaj Finserv, HDFC Bank and PB Pay have signed up to use the new region. The company said local capacity would allow eligible cloud and AI workloads to be deployed closer to users and operations while supporting security, compliance and sovereignty requirements.
The region expands Microsoft’s Sovereign Public Cloud foundation in India. The company said its cloud regions provide capabilities aligned with Ministry of Electronics and Information Technology guidelines and are designed to help customers address requirements under the Digital Personal Data Protection framework, as well as sector-specific expectations from the Reserve Bank of India and CERT-In. Microsoft stressed that customers remain responsible for determining which rules apply to their workloads.
Capabilities expected to become available as services are rolled out include Azure confidential computing, Customer Lockbox and Azure Key Vault. These are intended to give organisations additional controls over data protection, encryption keys and Microsoft’s operational access, particularly for sensitive workloads.
Microsoft also highlighted the cooling design of the Hyderabad region, saying high-efficiency mechanical systems enable effectively zero water use for cooling. The company has tied the design to its broader 2030 sustainability goals, which include becoming carbon negative, water positive and zero waste.
Alongside the infrastructure launch, Microsoft said its AI-skilling programmes have reached more than 10 million people in India, halfway towards a target of 20 million by 2030. It also operates a 600-hour data centre training programme with Young India Skills University in Telangana aimed at preparing students for infrastructure and operations roles.
Jitin Prasada, Minister of State for Commerce and Industry and Electronics and Information Technology, said the new region would strengthen the digital infrastructure required to support the IndiaAI Mission and expand the capacity available to developers, enterprises and public institutions.
South Korea and Taiwan led the regional gains, reflecting renewed buying in semiconductor companies tied to expanding demand for data centres, memory chips and advanced computing. South Korea’s Kospi rose about 1.4%, while Taiwan’s benchmark gained around 1% and reached a three-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan added roughly 0.9%.
Chinese blue-chip shares were also firmer, rising about 0.2%, while Japan’s cash market was closed for the Silver Week holiday. Nikkei futures nevertheless edged 0.2% higher. Trading across parts of the region was thinner than usual because Japanese markets will remain shut through Wednesday.
The strength in Asian technology shares followed continued investor focus on the capital spending required to support generative AI and cloud computing. Samsung Electronics rose sharply in Seoul, while Taiwan Semiconductor Manufacturing Co gained in Taipei, reinforcing the technology-heavy tone across major regional bourses.
US equity futures also pointed higher during Asian trading. S&P 500 futures gained about 0.4% and Nasdaq futures rose 0.6%, while European futures indicated a firmer opening, with EUROSTOXX 50 and German DAX contracts advancing.
Oil prices moved in the opposite direction. Brent crude fell about 1.7% to just above $102 a barrel, while US West Texas Intermediate dropped close to 2% to around $98.50. Both benchmarks had already weakened at the end of last week.
The decline reflected signs that more crude and other energy cargoes were moving through the Gulf despite continuing disruption linked to the conflict in the region. Data from Kpler showed Saudi Arabian crude exports recovering to just above 4 million barrels per day so far in September after dropping to about 2.4 million barrels per day in August.
Saudi shipments through the Strait of Hormuz have increased after disruption to the East-West pipeline and reduced flows through the Red Sea export hub of Yanbu. JPMorgan analysts estimated that total Middle East oil flows averaged 17.1 million barrels per day over the previous 10 days, suggesting that physical supply had proved more resilient than traders initially feared.
Energy markets were also monitoring the possibility of diplomatic engagement this week, which helped reduce part of the geopolitical risk premium built into crude prices. However, tensions remained high after further attacks involving Saudi targets, leaving traders cautious about assuming that supply risks had disappeared.
Bond markets remained another constraint on risk appetite. The US two-year Treasury yield was around 4.76%, after rising sharply over the previous two weeks. Futures markets were pricing a greater-than-even chance of another Federal Reserve rate increase in October following the central bank’s hawkish guidance last week.
Higher borrowing costs have complicated the outlook for equities even as technology stocks continue to attract capital. Investors are balancing the earnings potential created by AI-related investment against the prospect that restrictive monetary policy could persist as central banks attempt to contain inflation.
The US 10-year Treasury yield was close to 5%, keeping pressure on rate-sensitive assets and supporting the dollar. The currency was little changed around 157 yen, with investors alert to the possibility of intervention by Japan’s authorities during the holiday-thinned session.
The yen had strengthened sharply on Friday after Japanese authorities conducted rate checks in the foreign-exchange market. The euro was broadly steady near $1.148 after losing ground against the dollar over the previous week.
Gold prices were little changed to slightly lower as higher bond yields offset safe-haven demand generated by Middle East tensions. Copper, meanwhile, remained supported by signs of stronger demand from China and constrained inventories.
Australia’s S&P/ASX 200 was broadly flat, lagging the technology-led advances elsewhere in the region. India’s benchmark Sensex traded higher during the session, while Hong Kong shares also advanced as investors continued to favour large technology and internet companies.
