Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
TD Securities anticipates the US economy will see stable growth and persistent inflation into 2026, with potential stagflationary risks.
Three major memory chip manufacturers have contributed substantially to the S&P 500's overall gains in the current year, reflecting broader tech sector trends.
The VanEck Junior Gold Miners ETF (GDXJ), tracking smaller gold producers, may experience additional downward movement.
The US services sector maintained its expansion rate in June, with the ISM Non-Manufacturing PMI matching expectations at 54.0.
The S&P Global US Composite PMI for June was confirmed at 51.9, indicating continued but modest private sector expansion.
Major US stock indices started the day with gains, though the Nasdaq Composite's advance softened from its earlier premarket strength.
Canada's services sector experienced a notable contraction in June, with the S&P Global Services PMI falling to 47.1.
A recent analysis suggests Bitcoin's prolonged bear market, characterized by reduced volatility, has provided a degree of stability for investors.
MicroStrategy reported a significant digital asset impairment charge in Q4 2023 and sold a portion of its Bitcoin holdings to fund a dividend.
Bitcoin sees minor gains as the US dollar strengthens and European equities show mixed performance, with focus on upcoming US CPI data.
The British Pound declined against the US Dollar on Monday, interrupting a recent rally as geopolitical concerns resurfaced in the Strait of Hormuz.
Gold prices eased Monday, facing headwinds from a firmer US Dollar and some profit-taking after last week's rebound from multi-month lows.
The euro is trading within a range against the US dollar, influenced by market expectations for divergent monetary policies from the ECB and Fed.
Vessel transits through the Strait of Hormuz continue at reduced levels, particularly for crude oil tankers, weeks after its supposed reopening.
The Japanese Yen has resumed its depreciation against the US Dollar, approaching levels not seen in decades, as market participants monitor for potential intervention.
Japanese Yen remains under pressure against the US Dollar, potentially entering a higher trading range amid intervention risks, according to HSBC.
The US dollar experienced fluctuations post-NFP, with market attention now shifting to upcoming CPI data for clues on Federal Reserve policy.
Eurozone retail sales recorded a slight increase in May, recovering from April's decline, though falling short of economist predictions.
Euro area producer prices continued their upward trend in May, with a 0.2% monthly increase and a 5.9% annual rise, despite a drop in energy costs.
Silver encountered resistance at a significant trendline following US jobs data, with market attention now shifting to inflation figures.
UK construction output remained subdued in June, with overall activity declining despite some easing of cost pressures and supply chain issues.
Investor sentiment in the Eurozone improved notably in July, reaching its highest level since March, according to the latest Sentix survey.
The Indian Rupee depreciated against the US Dollar as market participants prioritized Federal Reserve policy outlook over oil price movements.
Upcoming US services sector data, including PMI and ISM Services, will be key in shaping Federal Reserve interest rate hike expectations.
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