US–Russia tensions before Alaska summit, gold and oil shift, EU surpasses US in Ukraine aid. Track live market moves with Livetrade Pro.
1. Russia Accuses Ukraine of Disrupting Alaska Summit
Moscow claims Kyiv is planning to sabotage the upcoming Trump–Putin summit set for August 15 in Alaska, further escalating tensions ahead of the high-stakes meeting.
2. Trump Sparks Controversy With China Export Fee Plan
The White House has proposed requiring US companies to pay a fee to export goods to China. The idea has drawn sharp criticism from trade groups, warning it could raise costs and hurt competitiveness.
3. Putin Updates North Korea on US–Russia Summit
The Kremlin says strategic cooperation with Pyongyang remains intact and that North Korea has been briefed on preparations for the Alaska talks — a move analysts see as strengthening Moscow’s diplomatic position.
News 13/8: Trump–Putin Tensions, Gold and Oil Swing, EU Surpasses US in Ukraine Aid
4. EU Surpasses US in Military Aid to Ukraine
A report by the Kiel Institute shows EU military aid to Ukraine has reached $102 billion — more than double the $46 billion from the US — cementing Europe’s lead role in supporting Kyiv.
5. OPEC Lifts 2026 Global Oil Demand Forecast
OPEC now expects oil demand to hit 106 million barrels per day in 2026, driven by Asian growth, despite mounting pressure from the global shift toward renewable energy.
6. Oil Prices Drop on Weak Demand Outlook
Despite OPEC’s bullish forecast, Brent fell 1.8% to $84.2/barrel and WTI dropped 2% to $80.7/barrel on fears of slowing global growth.
7. Gold Trades Sideways
Gold held at $2,342/oz as investors await the US–Russia summit outcome and fresh US inflation data before making big moves.
8. USD and Yuan Both Strengthen
The US Dollar Index rose 0.3% to 103.2, while the yuan climbed to 7.19 per USD, reflecting a shift toward stronger currencies.
9. MXV-Index Weakens
The MXV-Index slipped 0.7% after four straight gains, weighed down by a sharp drop in the energy sector.
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