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: Nikkei fell 0.12% by midday, after earlier gains BOJ expected to keep interest rates steady and consider balance sheet reduction Japan’s Nikkei index reversed its early gains on Thursday, ending the morning session down 0.12% to 38,831.36. This …
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 …
Key points: Most base metals fell on Tuesday due to a weaker Chinese yuan (CNY) and high physical inventories. Copper fell 0.5% to $4.47 per pound. High inventories and weak demand continued to pressure base metal prices. Base metals experienced …
Key points: Gold prices fell 4.5%, dropping below $2,300 per ounce after strong US jobs data. Non-farm payrolls surged to 272,000 in May, far exceeding expectations. Upcoming US inflation data and Fed interest rate decision will determine market sentiment. Gold …
Key points: Indonesian rupiah at lowest level in 4 years Taiwan stocks jump to a record high US CPI data and Fed policy meeting due on Wednesday Emerging Asian markets were finely balanced on Tuesday as traders awaited the release …
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