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Kremlin hits back at Trump’s Ukraine stance
Kremlin dismisses Trump’s “paper tiger” claim, reiterating commitment to military actions in Ukraine amidst shifting US stance.
Kremlin dismisses Trump’s “paper tiger” claim, reiterating commitment to military actions in Ukraine amidst shifting US stance.
The Kremlin has rejected US President Donald Trump’s comments labelling Russia a “paper tiger,” saying it has no choice but to continue its military actions in Ukraine.
Trump’s remarks marked a sharp shift in his stance, suggesting Ukraine could regain its lost territory.
#Ukraine #Russia #Trump #Putin #Zelenskyy #Geopolitics
News
Australian CPI rises 3% annually in August
Australia’s CPI rose 3.0% in August 2025, driven by a 24.6% surge in electricity costs amid new relief measures.
Australia’s CPI rose 3.0% in August 2025, driven by a 24.6% surge in electricity costs amid new relief measures.
Australia’s Consumer Price Index (CPI) rose 3.0% over the 12 months to August 2025, up from 2.8% in July, marking the highest annual inflation since July 2024, according to the Australian Bureau of Statistics.
Electricity costs surged 24.6% due to the end of state government rebates, though monthly electricity prices fell 6.3% in August thanks to new Commonwealth Energy Bill Relief Fund payments in NSW and ACT.
#CPI #Inflation #Australia #CostOfLiving #ABS #HousingCosts #FoodPrices #Electricity
News
Tech stocks fall as gold reigns supreme
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.
– Monday’s market activity declined due to lack of catalysts, with sellers dominating and equities falling.
– The S&P 500 dropped 0.6%, affected by selling pressure in tech and consumer sectors, while energy stocks rose.
A lack of catalysts led to a decline in market activity on Monday, as buyers withdrew and sellers dominated trading. While cash equity volumes remained steady, selling pressure was evident in stocks like Nvidia, Amazon, Meta, Tesla, and Microsoft. The absence of buyers resulted in equities falling under the weight of these selling flows.Markets reacted to comments from Federal Reserve officials, including Chair Jay Powell and Governor Michelle Bowman, but their remarks provided little new information for interest rates. Bowman expressed concerns about the Fed being behind the curve, citing a fragile labour market. Economic indicators such as the core PCE inflation and jobless claims may influence future Fed decisions.
Market Dynamics
The S&P 500 ended the day down 0.6%, reflecting selling dynamics after a flat trading start. The tech and consumer discretionary sectors lagged, while energy stocks gained. Treasury yields decreased, and a solid 2-year Treasury auction occurred with little impact from PMIs. Currency markets showed mixed results, with notable activity in Australian and Latin American forex pairs. In commodities, platinum rose significantly, raising questions about market trends, while gold faced minor profit-taking.
#StockMarket #TechStocks #SP500 #Nvidia #FederalReserve #Investing
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