Rising geopolitical tensions and tightening supply are driving the strongest rally in global rubber prices since 2017, creating favourable conditions for Việt Nam’s rubber industry. However, experts say domestic exporters need to diversify markets and strengthen compliance with sustainability standards to fully capitalise on emerging opportunities.
The European Union maintains that any trade agreement with the United States must adhere to the terms established in Turnberry, Scotland, which sets a 15% all-inclusive tariff ceiling, EU Trade Commissioner Maros Sefcovic said Thursday following an OECD ministerial meeting.
The U.S. dollar was marginally weaker on Thursday, as risk sentiment outweighed safe haven demand after Israel and Lebanon entered a ceasefire, boosting hopes for diplomatic efforts to end the broader Iran war.
Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon.
Asian stocks mostly retreated on Friday as investors locked in recent profits in the technology sector and pivoted into more economically sensitive names.
