Key points Nikkei firms toward March top, S&P 500 futures steady. Markets, sterling calm as the UK heads to polls. Odds narrow on a September Fed cut after soft data. Asia stocks soared to a 27-month high on Thursday, driven …
The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.
Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.
The USDSGD currency pair is bound in a range on expectations of the US ISM services PMI and the non-farm payrolls report, scheduled for later today and Friday respectively.
Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.
Gold prices saw a modest rise on Wednesday, gaining 0.1% to $2,331.41 per ounce by 0026 GMT, while U.S. gold futures rose 0.3% to $2,340.50. This increase comes as the U.S. dollar weakened, making gold more affordable for holders of …
Key Points: Copper prices consolidate around $4.38 per pound with high production and weak demand. The manufacturing PMI contraction in China signals potential economic slowdowns, dampening copper demand. Short-term volatility in copper prices is expected due to the current economic …
Key points: Brent crude oil rose to $86.80 per barrel, while WTI crude oil climbed to $83.51 per barrel. Increased US travel demand for the Independence Day holiday and potential interest rate cuts are supporting prices. Concerns over Hurricane Beryl …
Key points: Apple and Tesla drive S&P 500 higher. Manufacturing PMI weakens in June. Chewy drops despite Keith Gill’s stake disclosure. The stock market experienced gains on Monday, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, …
Key points: The dollar gained strength due to rising U.S. Treasury yields, affecting low-yielding currencies like China’s yuan and Japan’s yen. The yen hit its lowest level since 1986 against the dollar, sparking concerns of potential intervention by Japanese authorities. …
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