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Geopolitical risks, oil shock cited as top worries in Fed financial stability report

WASHINGTON, May 8 (Reuters) - The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to ‌a semi-annual Federal Reserve report released on Friday.

May 08, 2026 - 4:31 PM

Wall St Week Ahead Data, Iran, US-China meeting in focus for scorching US stock market

NEW YORK, May 8 (Reuters) - The rallying U.S. stock market will take its cues next week from fresh inflation and consumer spending data, developments in the war in Iran, and a high-stakes meeting between the leaders of the U.S. and China.

May 08, 2026 - 8:42 AM

Dollar set for second straight weekly fall despite US-Iran clashes

May 8 (Reuters) - The dollar was down and heading for a second straight weekly fall on Friday as investors stayed cautiously optimistic about a swift end to the Middle East conflict, after President Donald Trump said the ceasefire remained in place despite renewed ‌U.S.-Iran hostilities.The two sides have occasionally exchanged fire since the ceasefire took effect on April 7, with Iran hitting targets in Gulf countries including the UAE.

May 08, 2026 - 8:31 AM

Fed's Miran hopes Powell staying at Fed is transitional - Fox Business

May 8 (Reuters) - Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will stay on as a governor ‌only for a short period of time.“Transitions are important,” Miran said on Fox Business Network's program 'Mornings with Maria'. But, he said, “I think it's important to make sure that it's a transition period and that there's nothing sort of more nefarious” going on with Powell staying ⁠in his governor role when his term as chair ends on May 15.

May 08, 2026 - 8:29 AM

India demand subdued on higher prices, China premiums hold firm

May 8 (Reuters) - Gold demand in India was muted this week, ‌as a price recovery prompted potential buyers to postpone purchases, while China premiums remained steady on safe-haven demand.Spot gold prices have risen over 2% so far this week on easing fears of inflation and higher interest rates, as investors remained optimistic about a U.S.-Iran peace deal.Gold prices in India were trading around 152,600 rupees ($1,614.05) per 10 grams on Friday, having risen 57% in a ⁠year.

May 08, 2026 - 8:22 AM

Gold heads for weekly gain as hopes for US-Iran deal ease inflation fears

May 8 (Reuters) - Gold rose on Friday and was on course for ‌a weekly gain as markets priced in optimism over a prospective U.S.–Iran peace agreement, helping temper concerns high inflation will lead to higher-for-longer interest rates.Considered a safe haven in times of global turmoil, as a non-yielding asset, gold can come under pressure from rising interest rates, so hopes that the price shock caused by the war could be temporary were supporting it.

May 08, 2026 - 8:17 AM

Fed's Williams says demand remains robust for US government debt

NEWBURGH, New York, May 7 (Reuters) - Federal Reserve Bank of New York President John ‌Williams said on Thursday that demand for U.S. government debt remains robust despite high levels of borrowing.The ⁠Fed is watching the very high level of government borrowing “very carefully,” Williams said in an event in Newburgh, New York.

May 07, 2026 - 5:29 PM

Mining

Barrick contractor to exit Mali, lay off more than 600 people

The largest contractor at Barrick Mining’s Loulo-Gounkoto gold complex in Mali is closing operations in the country and laying off more than 600 employees, three sources said, in a fresh sign the Canadian miner is cutting exposure to higher-risk assets.The move follows sluggish production and investment at the complex, the sources familiar with the matter said, after Barrick wrested back control from Malian administrators following a stand-off with the state over taxes and ownership.

May 07, 2026 - 2:28 PM

ECB's Schnabel sees 'disconnect' between stock market valuations and fundamentals

LONDON, May 7 (Reuters) - European Central Bank board member Isabel Schnabel said on Thursday ‌that there appeared to be a disconnect between record stock market valuations and the risks facing ⁠the global economy.

May 07, 2026 - 2:09 PM

Canadian dollar holds near one-week low ahead of jobs data

TORONTO, May 7 (Reuters) - The Canadian dollar steadied near a one-week low against its U.S. counterpart on Thursday as ‌investors awaited domestic jobs data that could guide expectations for interest rate hikes by the Bank of Canada.The loonie was trading nearly unchanged at 1.3630 per U.S. dollar, or 73.37 U.S. cents, after touching its weakest intraday level since last Thursday at 1.3645.Canadian employment data, due on Friday, is expected ⁠to show the economy adding 15,000 jobs in April and the unemployment rate remaining at 6.7%.

May 07, 2026 - 1:57 PM

Reuters

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Wall St Week Ahead Data, Iran, US-China meeting in focus for scorching US stock market

Dollar set for second straight weekly fall despite US-Iran clashes

Fed's Miran hopes Powell staying at Fed is transitional - Fox Business

India demand subdued on higher prices, China premiums hold firm

Gold heads for weekly gain as hopes for US-Iran deal ease inflation fears

Fed's Williams says demand remains robust for US government debt

Barrick contractor to exit Mali, lay off more than 600 people

ECB's Schnabel sees 'disconnect' between stock market valuations and fundamentals

Canadian dollar holds near one-week low ahead of jobs data

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