Key points: South African rand rose against the US dollar, trading at 18.36540. Market optimism surrounds the potential formation of a coalition government. Hopes are high for a business-friendly coalition including the Democratic Alliance. The South African rand rose against …
Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …
Key points: Yen shows minor weakness ahead of the BOJ policy decision. Euro faces weekly decline amid political turmoil in France. On Friday, the yen was on the defensive as traders awaited the Bank of Japan’s policy decision, while the …
Key points: Bank of Thailand to review inflation target range. Prime Minister Srettha Thavisin suggests the review will increase the likelihood of a rate cut. Bank of Thailand leaves interest rate unchanged for the fourth consecutive meeting. The Bank of …
Key points: The US Federal Reserve maintains its benchmark interest rate at 5.50%. Fed officials project fewer rate cuts, with only one expected this year. Major stock indexes rose sharply following a lower inflation rate in May. The US stock …
Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …
Key Points: Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel. US commercial crude oil inventory fell by 1.2 million barrels last week. EIA raises the 2024 global oil consumption growth forecast by 200,000 …
Key Points: Japanese yen holds around 157.2 per dollar, despite stronger-than-expected producer inflation. Producer prices in Japan rose 2.4% year-on-year in May 2024, the highest since August last year. The market awaits the policy decision of the Bank of Japan …
Key points: Tesla shares fell 1.8% to $170.66. Expected quarterly earnings decline of 34.07%. Tesla’s stock ended the latest trading session at $170.66, down 1.8% from the previous day’s close. This decline occurred despite the S&P 500 gaining 0.27% and …
Key points: Wheat futures rise 0.1% to $6.27 a bushel. Soybeans flat at $11.78 a bushel; corn dips 0.1% to $4.49-1/4 a bushel. Chicago wheat futures extended their climb on Wednesday, adding to the previous session’s strong gains. The market …
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