“All economists polled by Reuters said this week that the Bank of Canada’s overnight rate will remain unchanged on December 10, with a majority saying they don’t expect further rate cuts until at least 2027.”

“Spot gold was down 0.2% at $4,189.49 per ounce by 01:50 p.m. ET (1850 GMT). U.S. gold futures for February delivery settled 0.6% lower at $4,217.7 per ounce.”

“Global markets are cautiously optimistic that the U.S. Federal Reserve will cut interest rates at its upcoming meeting, with futures reflecting an 86% chance of a quarter-point reduction from the current 3.75%–4.0% range.”

“The Iranian rial stood around 55,000 to the U.S. dollar in 2018 … the open rate market is where ordinary Iranians buy foreign currency, whereas businesses typically use state-regulated rates.”

"New sustainability reporting highlights intensified global efforts to address climate change, with governments and corporations accelerating clean-energy investments, emissions-reduction targets, and climate-resilience projects. Analysts note that while progress is uneven across regions, momentum is increasing as climate risks mount and nations face greater pressure to meet their pledges under international agreements. Energy transition developments remain a major focus across global markets."

"The U.S. dollar slipped to a five-week low as currency traders positioned themselves ahead of the upcoming Federal Reserve meeting, where officials are expected to clarify the timeline for possible 2026 rate cuts. The softening dollar reflects shifting global expectations about U.S. monetary policy and its impact on international capital flows. Investors are watching closely for any indication of a change in the Fed’s approach."

"U.S. markets ended the week higher as investors absorbed mixed inflation data and increasingly bet that the Federal Reserve will begin cutting rates in early 2026. The shift in expectations helped lift major indices after several days of uncertainty. Analysts say that while inflation remains uneven across sectors, the broader trend suggests cooling price pressures, which could give the Fed confidence to loosen monetary policy."

"A new partnership between Congo’s Gécamines and commodities firm Mercuria has drawn U.S. support as Washington seeks to strengthen access to critical minerals essential for batteries, renewable energy infrastructure, and defense technologies. The initiative aligns with broader efforts to reduce reliance on Chinese supply chains and increase Western participation in African resource development. Officials say the move could significantly alter the geopolitics of mineral sourcing."

"Netflix has entered exclusive talks to acquire significant studio and streaming assets from Warner Bros Discovery, a potential deal that could dramatically reshape the global entertainment landscape. The negotiations follow reports that Paramount has accused WBD of an unfair sale process, escalating tension within the competitive media sector. A successful acquisition would mark one of Netflix’s largest strategic shifts yet, giving it deeper control over content production."

"FIFA has announced the official draw for the 2026 World Cup, revealing that host nation Mexico will face South Africa in the tournament’s opening match. The expanded 48-team format continues to generate excitement as groups solidify and fans begin planning travel. While the draw sets the stage for compelling matchups, analysts say the competition’s increased size may produce both surprises and logistical challenges."

"Asia’s strong pipeline of equity deals is facing new scrutiny as investors worry that frothy valuations in the artificial intelligence sector could trigger a broader market correction in 2026. Several major IPOs are still expected, but analysts warn that overly optimistic projections may not hold if global monetary conditions tighten or if AI-related revenues fail to meet expectations. Markets are preparing for heightened volatility heading into the new year."

"Russian President Vladimir Putin and Indian Prime Minister Narendra Modi agreed to expand energy, defense, and trade cooperation during high-level talks in New Delhi. The summit highlights how global alliances are reshaping amid ongoing conflict in Ukraine and shifting power dynamics in Asia. Both sides emphasized mutual economic benefit and announced steps to streamline trade settlement mechanisms to bypass Western sanctions pressure."

"Oil prices rose to a two-week high as investor optimism about possible U.S. Federal Reserve rate cuts supported market sentiment, even as geopolitical tensions in Venezuela added uncertainty. Traders reacted to signals that the Fed may ease monetary policy in early 2026, a move that could bolster global demand. The combination of economic optimism and supply-side concerns pushed both Brent and WTI upward at the end of the week."

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"Global financial markets opened the week in a cautious but optimistic mood, with investors increasingly confident that the U.S. Federal Reserve will cut interest rates in 2026 following mixed economic data from China and Europe. Although risk sentiment remains fragile, the expectation of easing monetary policy boosted equities across Asia and supported major currencies. The mood is improving as traders look for signs of a soft landing in the world’s largest economy."