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Update: Communication Services, Consumer Discretionary Lift US Equity Indexes in Midday Trading
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit...
S&P 500 Quarterly Profit Growth Eases Amid Sharp Tech Slowdown, Oppenheimer Says
S&P 500 companies' second-quarter earnings growth has eased from a week ago as a sharp slowdown in p...
WTI Oil plunges as Trump revives US-Iran peace hopes
West Texas Intermediate (WTI) US Oil trades around $78.45 at the time of writing on Monday, down 7.7...
Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Spain Consumer Price Index (YoY) meets expectations (3.2%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June
Euro snaps three-day losing streak against Canadian Dollar, BoC policy eyed
The Euro (EUR) bounces back against the Canadian Dollar (CAD) after a three-day losing streak, trading 0.13% higher to near 1.6078 during the European trading session on Wednesday.
British Pound: Advance stalled with neutral range view against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that GBP/USD’s late-month advance has stalled, with the pair rebounding to 1.3442 before closing at 1.3387. Intraday, the British Pound ...
Wells Fargo intends to hike Q3 common stock dividend by 11% to $0.50
US Dollar: Long positioning faces reality check – DBS
DBS Group Research economist Philip Wee warns that speculative long positions in the US Dollar (USD) look vulnerable after June US CPI surprised on the downside.
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refi ...
OpenAI researcher Miles Wang departs to launch $2B AI drug discovery startup
Gold: Rebound needs softer Oil and data – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations ...
Earnings Snapshot: ASML beats across Q2 top and bottom lines, hikes full-year guidance and capacity target boosts
Silver Price Forecasts: XAG/USD holds below $59.00 despite US Dollar’s weakness
Silver (XAG/USD) ticks lower on Wednesday, trading at $58.50 at the time of writing, after rejection at the $59.00 area on Tuesday. The sour market sentiment amid rising hostilities in Iran continues ...