Taiwan's President Lai says Indo-Pacific nations are raising defense budgets and Taiwan must do the same, while he thanks US for its support of Taiwan's defence
Taiwan's President Lai's remarks about raising defense budgets in the Indo-Pacific underline the ongoing regional tensions and the importance of defense spending amid security concerns.
[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed
[MARKET ANALYSIS] Oil futures rebounded and gold is also positive but with upside capped ahead of key US jobs data
Taiwan's President Lai says Indo-Pacific nations are raising defense budgets and Taiwan must do the same, while he thanks US for its support of Taiwan's defence
RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band
UK expands settlement visa for Hong Kongers following Jimmy Lai's sentence
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This acknowledgment of U.S. support hints at a strengthening of military partnerships, which could influence market sentiment around regional equities and defense-related assets. Investors may want to consider potential implications for stability in the region and the impact on commodities like defense stocks or currencies linked to Taiwan's trading partners.
Related headlines
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat1 hour ago
- Taiwan's cabinet has proposed an additional USD 4.6bln in defence spending for 20266 hours ago
- US President Trump's administration is reportedly ratcheting up its fight to get more oil flowing from California, AP News reports37 min ago
- [CALENDAR UPDATE] German Defence Minister to meet his US counterpart in Washington on 15th September 38 min ago
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms1 hour ago
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran3 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee3 hours ago
- US President Trump says this is great, in reference to a WaPo piece of Syria pitching itself as an alternative to the Strait of Hormuz3 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port3 hours ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before3 hours ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass3 hours ago
- Oman and Qater discuss closer cooperation; It conducted talks with Iran on jointly managing shipping through the strategic Strait of Hormuz3 hours ago
- Houthis have launched a large-scale offensive on all fronts along the western coast, according to Sky News Arabia, citing Yemeni military sources 3 hours ago
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits4 hours ago
- [MARKET UPDATE] Gradual strength in the crude complex has put pressure on the fixed income space, with US equity futures also moving a touch lower; action which lacks a clear driver4 hours ago
- Ukraine's FM says President Zelensky recently held talks with a US negotiating team and stressed the dialogue is underpinned by regular contact with the US; there will be a "new dynamic" in peace talks5 hours ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind5 hours ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates6 hours ago
- Iranian Chairman of the National Security and Foreign Policy Commission says the Strait of Hormuz cannot be opened without Iran’s will, IRIB reports6 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed6 hours ago
The whole workspace, free to try.
Try it free