Global City Sports Digest

Iran War Escalations

• 🔥 Larijani Killing Dims Ceasefire Chances: Israel's killing of Iran's security chief Ali Larijani dims chances of an Iran...

Indian rupee closed at a record Rs 92.40 against the USD, down 10 paise, driven by rising crude prices and FII outflows. Underscores emerging market pressures from global oil surges.

Targeted strikes escalate fast: Israel assassinates security chief Ali Larijani and intelligence minister Esmail Khatib; U.S. bombs Iranian missile...

Wall Street was bracing for Fed decisions and PPI amid intensifying Middle East tensions with Iran, US-Israel, and rising energy costs.

February...

Weekly update highlights Monday-Tuesday releases amid market watch:

• Empire State manufacturing index
• Industrial production and capacity utilization
• Home builder confidence and pending home sales
  Eyes on these for manufacturing and housing snapshots.

Trump issues 60-day Jones Act waiver to combat surging US gas prices from Iran war disruptions.

• Allows foreign-flagged ships to transport oil/gas...

Key warnings on global debt:

• Sovereign bond issuance hit record levels in 2025
• Set to stay near historic highs in 2026
• Amid persistently high rates raising risks

Watch for sustainability strains ahead.

Emerging rifts in US leadership on Iran:

• Joe Kent, top counterterrorism official, resigns citing war concerns – first major public dissent since...

Regional conflict triggers cascading disruptions in critical industries:

• Helium crisis: Qatar's ~63M cubic meters (1/3 global output) halted, prices...

• Governor Miran dissents Wednesday, favoring immediate rate cut over delay.
• Rate hike an option? Possible, but unlikely signal from Fed.
• Reveals internal debates on cuts vs hikes in volatile economy.

Inflation Data and Fed Outlook

• 🔥 Core PCE Rises to 3.1% Y/Y: Core PCE inflation rose 3.1% year-over-year in January, hotter than expected, amid...

Escalation hits Iran's core: Israel kills security chief Ali Larijani, believed running the country post-Khamenei, and Basij commander Gen. Gholam...

• Diplomatic thaw: Iraq negotiating with Iran to allow oil tankers through Strait of Hormuz amid sharp export drop to 1.2M bpd from 4.4M.
• Export...

Boeing reportedly asks suppliers to assess Mideast conflict effects on operations, exposing aerospace supply chain vulnerabilities amid regional tensions.

Diplomatic hesitancy: EU VP Kallas declares no appetite to extend Operation ASPIDES naval mission in Hormuz, prioritizing Red Sea amid unclear war...

• Core PCE inflation accelerates to 3.1% in January from 2.6% last April, potentially rising to 3.2-3.3% amid Iran war
• Rate cut odds plummet to 47%...

Sticky inflation alert: January core PCE hit 3.1% Y/Y, hotter than expected and likely higher in February.

• Fed's red line: 3% core PCE is a trigger...

Dollar index (ICEUS:DXY) down -0.12% today, reversing overnight gains as T-note yields declined after weekly data.

The Fed doesn't control economic shocks, but must master its response to avoid overcorrection—reacting excessively after one error, creating another.

Iran War Enters Third Week

• 🔥 Iran Rejects Ceasefire: Iran rejects ceasefire talks as the war enters its third week, with officials stating they...