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Oil Advances as OPEC+ Supply Boost Vies With Geopolitical Risk

(Bloomberg) -- Oil advanced as OPEC+ hiked production less than some had feared and geopolitical concerns flared over Ukraine and Iran.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsBrent crude for August rose toward $65 a barrel after losi

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Gold Climbs as Rising Geopolitical and Trade Tensions Aid Havens

(Bloomberg) -- Gold rose — after falling by 2% last week — as an increase in geopolitical and trade tensions revived demand for haven assets. Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsBullion climbed as much as 0.8% in Asia after Ukrai

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Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher

Asian shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty. Hong Kong’s Hang Seng plunged more than 2% as Beijing and Washington traded harsh words over trade. China blasted the U.S. for issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas.

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Morning Bid: Tariff plot twists lose their bite

This could be the TACO meme in action as investors assume 'Trump always chickens out', though he's leaving it late with the new higher tariff supposed to go into effect on Wednesday. European Union negotiators weren't pleased with this latest plot twist and threatened retaliation in return, while also letting it be known that the court case decision against the April 2 tariffs gave them added "leverage".

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ECB Set for Last Easy Rate Cut as Trade Fuels Inflation Discord

(Bloomberg) -- Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsThe European Central Bank is about to lower interest rates for the final time before an increasingly complicated inflation outlook risks bringing internal divisions to the fore.A

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Carry Trades Roar Back as Emerging Market Currencies Gain

(Bloomberg) -- Emerging market carry trades are taking off again, as currency volatility subsides amid signs President Donald Trump’s aggressive tariffs may not get fully enacted. Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First Four MonthsAn index of c

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China robotaxis, Indian pharma among hedge fund top picks at Sohn Hong Kong

HONG KONG (Reuters) -Hedge funds revealed their top investment ideas, ranging from Chinese self-driving taxis, an Indian drug retailer, to a Korean nuclear plant builder, at the annual Sohn investment conference in Hong Kong. This year’s picks are geographically more diverse compared to last year, suggesting that investors are actively seeking to spread their exposure to counter tariff uncertainties and market volatility. Similar to Google's self-driving unit Waymo, Baidu's Apollo Go "is the only robo-taxi player in China that's not dependent on the capital markets to scale," Flight Deck founder and managing partner Jay Kahn said at the conference on Friday.

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Australia's BlueScope surges on Trump's plan to double tariffs on steel imports

(Reuters) -Shares of Australian steel producer BlueScope Steel jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel. Shares of BlueScope, which operates five businesses in North America including the North Star mill in Ohio, were up as much as 9.4% at A$24.88 in early trade. Trump on Friday said that he planned to double tariffs on imported steel and aluminium to 50%, ratcheting up pressure on global steel producers and deepening his trade war.

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Morgan Stanley Sees Dollar Falling 9% on Slowing US Growth Bets

(Bloomberg) -- The dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley.Most Read from BloombergBillionaire Steve Cohen Wants NY to Expand Taxpayer-Backed FerryWhere the Wild Children’s Museums AreThe Economic Benefits of Paying Workers to MoveNow With Colorful Blocks, Tirana’s Pyramid Represents a Changing AlbaniaNYC Congestion Toll Brings In $216 Million in First

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US dollar slides as sentiment soured by steel tariffs, China tensions

The U.S. dollar edged lower on Monday, giving back some of its gains from last week, as markets weighed the outlook for President Donald Trump's tariff policy and its potential to constrict growth and unleash inflation. The greenback starts the week on the back foot after Trump said late on Friday that he plans to double duties on imported steel and aluminum to 50% from Wednesday, and as Beijing hit back against accusations it violated an agreement on critical minerals shipments. Treasury Secretary Scott Bessent said on Sunday that Trump and Chinese President Xi Jinping will likely have a call soon, and "this will be ironed out."

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