Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dogecoin (CRYPO: DOGE) has surged 20% in the past week, fueled by optimism around the pending DOJE ETF launch and fresh technical signals hinting at another explosive move. What Happened: Crypto analyst Kevin said Dogecoin may be on the verge of its "last big rally of the cycle," citing monthly stochastic RSI crosses that historically preceded massive gains. During the 2015–2017 bull run, similar signals le ...

Markets have moved past debating if interest rate cuts are coming. The focus now is on how deep the Federal Reserve will go. The US central bank is widely expected to lower its benchmark rate at next week’s meeting, with futures markets like CME FedWatch assigning a near 95% probability of a quarter-point reduction. “Cuts are baked in,” Coinbase analysts wrote in its weekly market brief. “The weakening labor market and housing slump make a gradual policy shift unavoidable.” Morgan Stanley analysts echoe ...

Group 1 - The Federal Reserve is expected to cut its key interest rate by 25 basis points on September 17, with most economists anticipating one further cut next quarter due to labor market softness overshadowing inflation risks [1][2] - Markets have fully priced in a September cut and now expect three reductions this year, up from two just weeks ago, indicating a shift in economic outlook [2] - A significant majority of economists predict a 25 basis point cut to a range of 4.00%-4.25%, marking the first reduction of the year [2][3] Group 2 - Economists have noted a persistent slowdown in labor demand, suggesting that the Fed should ease policy to support the labor market despite current inflation levels [3] - There is potential for dissent among Fed board members regarding the size of the rate cut, with some analysts suggesting a larger cut or holding rates steady [4][5] - A majority of economists expect a 50 basis point cut by the end of 2025, with a notable increase in those predicting 75 basis points cuts by year-end [5] Group 3 - Over 60% of economists believe that surging inflation or a combination of inflation with rising unemployment is more likely in the coming year [6]

U.S. wholesale inflation unexpectedly declined in August, setting the stage for a Federal Reserve rate cut next week and sending Bitcoin higher as traders bet on looser monetary policy. The Producer Price Index (PPI) for final demand slipped 0.1% in August, the first monthly drop in four months, following a downwardly revised 0.7% increase in July, according to data released Wednesday by the Bureau of Labor Statistics. Weak PPI, Fragile Jobs Market Put Fed Under Pressure Ahead of Key Meeting Economists ...

Group 1 - Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference conveyed a more dovish stance, signaling potential easing of monetary policy, which led to a significant market rally, the largest since April [1] - Powell indicated that changes in risk balance may necessitate adjustments in policy, hinting at a possible rate cut in September, although he did not provide a firm commitment [1] - The immediate market reaction included a sharp decline in Treasury yields, with the two-year yield dropping 10 basis points to 3.69%, and the implied probability of a September rate cut rising from 70% to 80% [1] Group 2 - Some Wall Street strategists view Powell's remarks as a reassurance to the market, but caution that the market may be overreacting [2] - Concerns about the Federal Reserve's independence have resurfaced, particularly due to President Trump's public pressure on Powell to cut rates and his comments regarding Fed Governor Cook [2] - The market's enthusiastic response reflects a mixed sentiment among investors, who are hopeful for liquidity easing but worried about the economic fundamentals supporting long-term market growth [2]

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report emphasizes a preference for short dollar and long gold positions as a hedge against concerns regarding Fed independence and potential tariff shocks [2] - It highlights the economic implications of potential tariff scenarios in the US, predicting an increase in the effective tariff rate (ETR) by 17 percentage points by 2027, which could lead to a cumulative boost in core PCE prices by about 1.7% over the next 2-3 years [26][28] - The report notes that the MAS is expected to reduce the slope of the SGD NEER to flat at the upcoming meeting on July 30, reflecting a softer inflation outlook and downside risks to growth [20][21] Summary by Sections Global Views - The report discusses the expectation of a return to Fed easing, which is anticipated to lower US Treasury yields and the dollar while boosting global equities and gold [2] Asia FX Views - The report provides insights into various Asian currencies, indicating low activity flows primarily driven by profit-taking and unwinding positions, particularly in USD/TWD and USD/HKD [17] - It mentions that the market for USD/KRW is expected to face unpriced risks to the upside due to impending tariffs [18] MAS Meeting Insights - The report anticipates that the MAS will adjust its monetary policy stance to a flat slope, reflecting a cautious outlook on inflation and growth [20][21] Economic Implications of Tariffs - The report outlines the expected rise in the US effective tariff rate and its potential impact on inflation, projecting core PCE inflation rates for December 2025, 2026, and 2027 [26][28] Thailand Central Bank Leadership - The report notes the appointment of Vitai as the new Governor of the Bank of Thailand, who is expected to advocate for more aggressive monetary easing to support the economy [31][33]

Core Viewpoint - First Majestic Silver Corp. has achieved a new 52-week high in stock price, driven by strong silver-equivalent production and rising metal prices [1] Group 1: Production Performance - In Q2 2025, First Majestic reported total production of 7.9 million AgEq ounces, which includes 3.7 million silver ounces and 33,865 gold ounces, marking a 48% year-over-year increase due to a 76% surge in silver production [2][10] - The increase in production was primarily driven by the San Dimas and La Encantada mines, along with contributions from the Cerro Los Gatos mine [3] - The Cerro Los Gatos mine contributed 1.5 million ounces of silver to the Q2 output [6][10] - Following the strong performance, the company raised its full-year production guidance to 30.6-32.6 million AgEq ounces from the previous estimate of 27.8-31.2 million AgEq ounces [6][10] Group 2: Strategic Developments - In January 2025, First Majestic completed the acquisition of Gatos Silver, gaining a 70% interest in the Cerro Los Gatos mine, which is expected to enhance the company's production profile [3][5] - The combined production from Cerro Los Gatos, San Dimas, and Santa Elena mines is projected to reach 30-32 million ounces of silver equivalent annually, including 15-16 million ounces of silver [4] Group 3: Market Trends - Silver prices have increased by 28% this year, while gold prices have risen by 29%, driven by safe-haven demand, geopolitical tensions, and supply deficits [7] - Current silver prices are around $38 per ounce, while gold prices are approximately $3,361 per ounce [7][8] Group 4: Stock Performance - First Majestic's stock has risen by 42.2% over the past year, outperforming the industry average growth of 15.5% [9]

Investment Rating - The report maintains an easing bias for the PBOC but adopts a less dovish tone compared to Q1, indicating a cautious approach to monetary policy easing [2][3] Core Insights - The PBOC's assessment of the Chinese economy has shifted to "showing positive momentum, with sustained recovery in sentiment," reflecting a relatively optimistic growth outlook [2] - The PBOC plans to implement a "dual cut" in Q4, anticipating a significant slowdown in year-over-year real GDP growth, which includes a 10 basis point cut in the policy rate and a 50 basis point cut in the RRR [2] - The PBOC has emphasized the importance of executing existing policies, particularly targeted easing measures, to support technology innovation and consumption [2][3] Summary by Sections Monetary Policy Committee Meeting - The PBOC's Q2 MPC meeting highlighted a less dovish tone than in Q1, focusing on the flexibility of policy easing rather than committing to rate cuts [2] - The report notes a shift in language regarding the property sector from "halting the decline and stabilizing the property market" to "sustaining and consolidating the stable momentum," indicating a more optimistic stance [3] Exchange Rate Management - The PBOC has removed "the three firm commitments" and is now focused on "preventing overshooting risks," suggesting a strategy to allow the CNY to gradually appreciate against the USD [3]

Core Insights - SSR Mining Inc. has temporarily suspended operations at the Seabee mine in Canada due to power outages caused by nearby forest fires [1][8] - The Seabee mine produced 26,001 ounces of gold in Q1 2025, reflecting a year-over-year increase of 9.4% [2][8] - Despite the operational halt, SSR Mining's shares rose by 3% and reached a 52-week high of $13.33, driven by high gold and silver prices [4][8] Production and Financial Outlook - SSR Mining expects the Seabee mine to produce between 70,000 to 80,000 ounces of gold for the full year of 2025 [3] - The cost of sales for the mine is projected to be between $1,230 and $1,270 per payable ounce, with an all-in sustaining cost (AISC) anticipated to be between $1,710 and $1,750 per payable ounce for 2025 [3] Market Performance - Silver prices have reached a 13-year high above $36 per ounce, while gold prices have also seen significant increases, currently around $3,320 per ounce [5] - SSR Mining's share price has surged by 147.9% over the past year, contrasting with a 2.2% decline in the industry [7] Strategic Moves - The recent acquisition of the Cripple Creek & Victor mine from Newmont Corporation positions SSR Mining as the third-largest gold producer in the United States, expected to boost annual production by 170,000 ounces of gold [6]

Core Insights - The report provides a comprehensive analysis of General Dynamics Land Systems (GDLS) and General Dynamics European Land Systems (GDELS), focusing on their strategies and plans in a challenging global macroeconomic environment marked by geopolitical tensions and potential trade wars under the Trump Administration 2.0 [2][3]. Group 1: Market Environment - The Global Aerospace & Defense Market is experiencing a significant upswing due to increased defense spending driven by geopolitical conflicts and challenges to the U.S.-led world order, with defense spending reaching record levels [3]. - The return of Trump to the White House is expected to further increase defense spending globally, impacting order intakes and backlogs across industry OEMs [3]. - Ongoing military conflicts and rising debt levels pose challenges to the world economy, with projected growth for 2025 remaining flat, approximately 400 basis points below pre-pandemic growth rates [4]. Group 2: Company Strategy - GDLS/GDELS is focusing on capitalizing on growth opportunities aligned with modernization efforts by the U.S. Army and European nations, particularly in artillery production and upgrades of existing platforms like M1 Abrams and Stryker ICV [5]. - The company is also targeting the surging demand for advanced military technologies, including missiles, missile defense systems, unmanned aerial systems (UAS), hypersonics, and next-generation fighter jets [4][5]. Group 3: Financial and Business Analysis - The report includes a detailed business and financial snapshot of GDLS/GDELS, featuring charts and analysis based on the latest financial statements [5][8]. - A comprehensive SWOT analysis is provided, assessing the internal strengths and weaknesses of the company, as well as external opportunities and threats [6][9]. Group 4: Strategic Focus Areas - Key strategic priorities include enhancing production rates for core systems and modernizing Cold War-era defense systems through initiatives like FCAS, GCAP, and MGCS programs [3][4]. - The report outlines various strategies across business segments, including market-specific strategies, corporate strategies, and financial strategies, aimed at driving growth and addressing industry challenges [12].