The S&P 500 futures have shown an upward trend on Friday, signaling a positive sentiment among traders as they anticipate crucial inflation data. Notably, the Nasdaq has led the gains in June with a significant rise of 6%, while the S&P 500 and Dow have also added to their value by over 3% and 1%,
In recent years, the economic performance within the eurozone has been less than stellar. However, the latest data reveals a 0.3% quarterly growth in GDP last quarter, indicating that the bloc is not currently in a technical recession. Should a recession occur later in the year, it is projected to have a minimal impact and
The GBP/USD pair has recently experienced a decline below the 1.2670 support zone, signaling a bearish trend. The British Pound failed to sustain its momentum above the 1.2700 resistance level and has since dropped below key support levels. As indicated on the hourly chart of GBP/USD at FXOpen, there is a key bearish trend line
The CEO of Chinese smartphone company Honor, George Zhao, emphasized the critical nature of protecting user data when it comes to harnessing the power of artificial intelligence. In a recent exclusive interview with CNBC, Zhao highlighted how user privacy and data security play a pivotal role in ensuring the value and effectiveness of AI technologies.
The US Dollar (USD) has seen a resurgence in buyer interest as it climbs to a fresh two-month peak amidst softer US macroeconomic data. The USD Index (DXY) is currently trading above the 106.00 mark, showing a 0.15% increase for the day. Investors are closely watching the upcoming US inflation data for direction as they
The upcoming US Personal Income and Outlays report holds significant importance for determining the prospects of a September Fed rate cut. Analysts are projecting a rise of 2.6% year-on-year in the Core PCE Price Index, a decrease from the previous figure of 2.8% in April. If the actual numbers come in below expectations, it could
Chewy shares experienced a sudden surge in value after Roaring Kitty, also known as Keith Gill, posted a cryptic image on social media platform X that resembled the online pet food retailer’s logo. This is not the first time Roaring Kitty has impacted the stock market, as he has a history of stirring up trading
In a recent legal battle, French drugmaker Servier lost its court fight against the European Union over a 331 million euro fine imposed in 2014. The fine was related to deals Servier made with other companies to delay the release of generic versions of its popular blood pressure medication, perindopril. The EU also fined several
Banks within the European Union may be overestimating the value of high-risk debt utilized to fill holes in capital buffers designed to offer protection during financial crises, according to the EU’s banking watchdog. The issuance of Additional Tier 1 (AT1) bonds, also referred to as contingent convertibles or CoCos, has become a popular strategy for
The USD/JPY pair has surged to 160.34, a level not seen since 1986, amid growing expectations of interventions from Japanese authorities. Despite verbal assurances from the government, concrete financial actions have not been taken, leaving the yen exposed. Finance Minister Shunichi Suzuki has reiterated the government’s readiness to address sudden currency fluctuations, but the timing
As investors analyze the potential effects of the Australian inflation figures on the Reserve Bank of Australia’s rate decisions, attention is also focused on China. In particular, the industrial profit numbers from China play a crucial role in shaping buyer sentiment towards the Australian dollar. Economists are predicting a 4.1% year-on-year increase in Chinese industrial
Gold prices in India have been relatively stable, with minimal fluctuations in recent days. The price of Gold per gram and per tola has remained largely unchanged, reflecting the overall stability in the market. Gold has a rich history and has served as a store of value and medium of exchange for centuries. In addition