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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    12 June 2024
    Japanese yen hovers at lows with hotter producer inflation and BOJ speculations 

    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 …

    12 June 2024
    Tesla (TSLA) stock falls while market gains

    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 …

    12 June 2024
    Wheat rises on Russian weather concerns; Corn declines

    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 …

    11 June 2024
    Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper 

    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 …

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