Thai-Cambodian border firing, tensions escalate
- Since dawn, the northwestern border area between Thailand and Cambodia has been Fierce fighting lasted more than 6 hours.
- Cambodia accuses Thailand of firing first, while Thailand announced that it had 12 soldiers killed due to shelling from Cambodia.
- Thai Air Force deploys F-16s “limited response” air strikes. This is the first time Thailand has openly used its air force since the 2011 conflict.
International response: Call for immediate ceasefire
- Cambodia officially requests urgent meeting of UN Security Council, proposed to pressure Thailand to withdraw its troops.
- US and EU simultaneously called on the two ASEAN countries to "immediately stop all military actions" to avoid the risk of regional war.
- Prime Minister of Malaysia – Anwar Ibrahim statement can stop arms exports to both sides if tensions continue to escalate.
Financial markets react mixed
US stocks rise
- Alphabet (GOOGL) increased sharply, setting a new price peak, followed by Nasdaq up 0.6% and S&P500 up 0.4%.
- Money flows still favor big tech stocks, despite geopolitical risks.
Gold price down
- Spot gold fell to 2,365 USD/oz, due to Positive expectations from US-EU trade negotiations reduce the need for shelter.
Oil prices recover
- Brent oil up $1.02, up to level 84.30 USD/barrel following news that Russia will cut exports next month.
- WTI contracts also rose 81.15 USD/barrel, due to concerns about global supply shortages.
Trump criticizes Fed, Oxford warns of “delusional optimism”
- Former President Donald Trump criticizes Fed Chairman Jerome Powell is “too slow” and “does not understand the market,” raising concerns about interest rates.
- Oxford Economics warns Global markets are “delusionally optimistic” as geopolitical risks, weak growth and global trade remain unresolved.
Fast Updates – Timely Trading with Livetrade Pro
Don't be caught off guard by global geopolitical and financial turmoil.
👉 Follow the market every day with Livetrade Pro!
🔗 Download here now
