EUR/USD
1.15212
0.115%
Gold
4099.03
1.079%
Oil
74.712
-5.130%
USD/JPY
157.569
0.259%
GBP/USD
1.34453
0.098%
GBP/JPY
211.861
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Real-time News
Chiles state-owned copper company: Analysis has revealed a newly emerging seismic phenomenon, different from previously known risks.Spot palladium rose more than 7% to $1,745.93 per ounce.Novo Nordisk (NVO.N): Second-quarter operating profit was negatively impacted by the reversal of the U.S. 340B rebate provision.Novo Nordisk (NVO.N): Adjusted sales for the second quarter of 2026 were DKK 78.49 billion; adjusted operating profit was DKK 33.39 billion. A one-off, non-cash impairment charge of DKK 6.3 billion was incurred in the second quarter of 2026 due to matters related to intangible asset pipeline assets.On August 5th, Nick Timiraos, a vocal advocate for the Federal Reserve, wrote that Treasury Secretary Bessants policy response function has become less dovish. His comments this year suggested the Fed should maintain its current interest rates. Earlier this year, Bessant cited models suggesting the Feds interest rate could be more than 25 to 100 basis points above the neutral rate. Today (August 4th), he raised two points. First, he defended Warshs decision last week not to elaborate on any policy response function: "I think every meeting should be open, and market participants should make their own judgments… I think Warsh wanted to preserve options to achieve the best outcome." Second, he did propose a policy response function that could be considered dovish, arguing that recent shocks should be ignored: "What will be the impact of rising short-term interest rates? Well see." He raised this question but then responded by noting that underlying inflation was "very modest… very stable." "Core inflation, after removing the energy-dependent volatility component, has been very stable. I think this will continue."
