RAC: UK diesel prices record the largest monthly drop on record
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Down 78.5% from last weekend's peak, LSK suspected to be market-made by GSR Markets
The world's top sovereign wealth fund achieves an annual return of 14.2% while warning that high returns in U.S. stocks are unlikely to be sustained.
New Zealand's sovereign wealth fund achieved a 14.2% annual return for the 2026 fiscal year, ranking first among global peer funds. However, the management team promptly issued a warning that recent returns from the U.S. stock market are nearly twice the 20-year annualized average, and that mean reversion pressure should not be overlooked. The fund has lowered its long-term expected annual return from 7.8% to 7.2% and reduced its active risk exposure.
Coca-Cola (KO.US) plans to invest 10 billions USD to strengthen U.S. facilities and logistics infrastructure
Coca-Cola announced on Tuesday that it plans to invest $10 billions in U.S. infrastructure between 2026 and 2030.
The yen broke below the 156 mark overnight as the Federal Reserve’s hawkish rate hikes pushed the Bank of Japan to a “high-pressure moment.”
After the Federal Reserve raised interest rates, the Japanese yen fell overnight to 156.42. The market is betting that the Bank of Japan will raise rates by 25 basis points on Friday. If the stance is dovish, the yen could fall further to 158 or even 160.
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