US President Donald Trump is preparing to announce his selection for US Federal Reserve Chair, with a decision potentially coming before the end of the year. The process, led by US Treasury Secretary Scott Bessent, involves a second round of interviews with five finalists, marking a more public and extensive vetting process than in previous chair selections.

The People's Bank of China is expected to resume debt purchases for the first time since January to improve cash conditions and support economic growth, analysts say. The move is anticipated to help manage market volatility and facilitate increased government borrowing.

The US dollar weakened as traders positioned themselves ahead of several major central bank meetings and the upcoming summit between US President Donald Trump and China's President Xi Jinping. The dollar index slipped 0.19%, extending losses from the previous session, while the euro and sterling both strengthened.

South Korea's Kospi index has surged more than 66% this year, outperforming the S&P 500 by 49 percentage points, driven by enthusiasm for AI and corporate governance reforms. Samsung Electronics and SK Hynix have seen significant gains due to AI-driven demand for semiconductors, while sectors including defense, shipbuilding, and batteries have also contributed to the rally.

US indexes closed Monday at all-time highs as optimism over a potential Trump-Xi trade framework, a strong start to earnings season, and a burst of big M&A lifted sentiment. The risk-on tone extended globally, from Japan and South Korea to a 22% Argentina surge, while investors eye more Big Tech results and a widely expected Federal Reserve rate cut this week, even as skeptics flag signs of froth.

Japanese Prime Minister Sanae Takaichi and US President Donald Trump have signed an agreement to secure the supply of rare earths and critical minerals, responding to China's tightened export controls. The deal aims to create resilient supply chains through coordinated economic policy and investment, with Takaichi expressing a desire to usher in a "golden age" of US-Japan relations and Trump praising Japanese orders for US military hardware.

US President Donald Trump has nominated Michael Selig, chief legal counsel for the US SEC's crypto task force, as chairman of the US Commodity Futures Trading Commission. Selig has pledged to support the development of crypto markets and modernize regulatory frameworks to foster digital asset growth.

This comprehensive 2-day Masterclass was developed to help participants understand the terminology of collateral, securities, and related documentation, learn about relevant regulatory history and current market practice, especially with regard to the post-Uncleared Margin Requirements landscape. This course also includes practical explanations of tasks and responsibilities for OTC margin managers. Register here to secure your spot!

This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Click here to read the report.

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to what is reported in the US. Click here to read the report.