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. …
The US dollar dipped after inflation data signaled potential Fed rate cuts. Key economic reports next week, including nonfarm payrolls, will guide market expectations.
Key points: The US dollar index fell following PCE inflation data showing unchanged prices in May. Markets shift focus to the upcoming nonfarm payrolls report for further market direction. Market expectations for Fed rate cuts this year increased after inflation …
Key points Fed Chair Powell speech due on Tuesday China’s June factory activity contracts again, services slows Palladium up 1.1% Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start …
Key points: Euro gains after France’s election, reflecting reduced fears of far-right fiscal policies. Yen declines as Japan’s revised economic data show a larger contraction. On Monday, the euro rose following the first round of France’s snap election, which put …
Key points: US stocks finish slightly higher Yen inches up vs US dollar US presidential debate set for late Thursday Global stock indexes edged higher on Thursday, while U.S. Treasury yields dipped slightly after a series of U.S. economic reports …
Key points: The Mexican peso weakens to 18.4 per USD, nearing 15-month low of 18.75. Banxico maintains interest rates at 11% with rising inflation. Unemployment drops to 2.6%, trade surplus at $1.99 billion. The Mexican peso weakened to 18.4 per …
Key points: The net profit of Nike for the quarter ended May 31 exceeded expectations by 15.11%. Revenue fell 1.7% to $12.61 billion, missing the expected $12.86 billion. Footwear sales in North America dropped 6% to $3.59 billion, contributing to …
Key points: Chicago wheat prices remained stable on Friday, holding on to gains from the previous session due to strong demand. The market is on track for its largest monthly decline in two years, driven by harvest pressures across the …
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