Sources from Arab TV report that disputes are still ongoing between Egypt and Israel regarding the number of people crossing through the Rafah in both direction on a daily basis
The ongoing disputes between Egypt and Israel over border crossings could signal heightened tensions in the region, which may have implications for energy supply and stability.
[MARKET ANALYSIS] Spot XAU nears USD 5600/oz while copper prices surge beyond USD 14k/t on greater AI demand
BofA card spending, week to January 24th: +6.6% Y/Y (prev. 4.6% Y/Y). Spending growth grew in groceries and general merchandise, indicative of stockpiling before the Winter storm
Sources from Arab TV report that disputes are still ongoing between Egypt and Israel regarding the number of people crossing through the Rafah in both direction on a daily basis
Air India is reportedly to firm up an option for an additional 30 Boeing (BA) 737 Max craft, Bloomberg reports citing sources
JPMorgan's (JPM) Australian investment banking division has a bonus pool 10-15% higher Y/Y, AFR reports citing sources; division is expanding its team
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Traders should monitor how this situation affects commodity prices, particularly in oil and gas, as well as the potential for increased volatility in the FX markets, particularly involving USD and regional currencies.
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