Author: FX
Geopolitical tensions were in the spotlight for the most part of the day, followed a bit more progress in trade talks and another round of soft U.S. data. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand Electronic Retail Card Spending for May 2025: 0.9% y/y (0.1% y/y forecast; -0.3% y/y previous) New Zealand Electronic Card Retail Sales for May 2025: -0.2% y/y (0.2% y/y forecast; 0.0% y/y previous) CBS quoted official sources citing that Israel is gearing up to launch an operation in Iran U.S. and Iran reportedly getting ready for a nuclear…
Google says it has resolved global service outage impacting multiple platforms Source link
The final piece of the Fed puzzle next week could be a meaningful one if Bank of America is right.The retail sales report is due on Tuesday, just one day ahead of the FOMC decision. The consensus for the headline right now is +0.1% but they expect it to be soft, including a ‘control group’ reading at 0%.Using their own data, they saw total card spending per household was down 0.7% m/m in May. “Spending on home improvement, groceries, and general merchandise was particularly soft in May,” BofA noted.Bank of America also sees signs of weakness ahead: Compared to June…
GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected. This, along with a rise in jobless claims, was a tailwind for the Sterling, which trades at 1.3600 against the US Dollar (USD), up by over 0.47%.Read More… Pound Sterling advances against US Dollar amid uncertainty over Trump’s tariff policy The Pound Sterling (GBP) jumps to near 1.3600 against the US Dollar…
US FDA approves Urogen's bladder cancer drug Source link
Stock heatmap by FinViz.com Thu, 12 Jun 2025 14:46:16 GMTSector OverviewToday’s stock market activity paints a dynamic picture, strongly influenced by the performance of different sectors. The technology sector emerged as a significant performer, led by gains in software infrastructure stocks. Notably, Oracle (ORCL) surged by 14.15%, showcasing robust investor confidence. Similarly, Nvidia (NVDA) and Broadcom (AVGO) added 0.99% and 1.70% respectively, reflecting positive momentum in semiconductors.Meanwhile, the aerospace and defense sector faced significant headwinds, with Boeing (BA) plummeting by 5.40%. These declines underscore challenges, potentially due to current geopolitical tensions impacting investor sentiment.Market Mood and TrendsThe broader market exhibits…
USD/INR edges slightly higher on Thursday after a four-day losing streak..US tariff threats make a comeback as US President Trump threatens to send letters to trading partners outlining the terms of trade.Rising probabilities of a Fed rate cut in September could weigh on the USD and help limit further USD/INR gains.The Indian Rupee (INR) recovers some of the initial losses against the US Dollar (USD) ahead of the American session on Thursday as markets digest the latest release of the US Producer Price Index (PPI) report for May. Still, the USD/INR pair edges higher on the day, trading above 85.50…
K Wave Media (NASDAQ:KWM) on Thursday said that it continues to execute its Bitcoin (BTC-USD) strategic reserve plan, reinforcing its unique hybrid growth and financial strategy. Beginning this summer, KWM will release a diverse lineup targeting both domestic and international audiences Source link
Rate cuts by year-endFed: 51 bps (99% probability of no change at the upcoming meeting) ECB: 25 bps (90% probability of no change at the upcoming meeting) BoE: 58 bps (92% probability of no change at the upcoming meeting) BoC: 29 bps (72% probability of no change at the upcoming meeting) RBA: 74 bps (60% probability of rate cut at the upcoming meeting)RBNZ: 27 bps (85% probability of no change at the upcoming meeting) SNB: 52 bps (69% probability of rate cut at the upcoming meeting) *for the SNB, the rest of the probability is for a 50 bps cutRate…
USD/INR bounces back as the Indian Rupee underperforms ahead of the Indian CPI data for May.The Indian retail CPI is expected to have grown at a slower pace.Washington will likely extend the 90-day tariff deadline for some of its trading partners.The Indian Rupee (INR) opens on a weak note against its major peers on Thursday ahead of the Indian Consumer Price Index (CPI) data for May, which will be published at 10:30 GMT. Investors will pay close attention to the retail inflation data as it will indicate whether the Reserve Bank of India (RBI) will cut interest rates again in…