Archiv für den Monat: Juni 2024
香港交易所與深交所簽署合作協議， 支持香港綜合基金平台建設
香港交易所與深交所簽署合作協議， 支持香港綜合基金平台建設
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
„Investors are now in the AI mindset,“ the CEO of Nium told CNBC. „Like, whatever it costs. I want in on AI. They’re going to burn a lot of money.“
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
Foundation was started in April by Synapse CEO Sankaet Pathak, Tribe Capital CEO Arjun Sethi, and LeBlanc, cofounder of Cobalt Robotics.
GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’
The sell-off in GameStop shares intensified in afternoon trading, coinciding with a spike in trading volume in the call options that „Roaring Kitty“ owned.
Here’s the Fed’s new rate forecast that’s moving the markets
The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast that called for three reductions.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting.
Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
Broadcom also followed in fellow Club name Nvidia’s foot steps and announced a 10-for-1 stock split.
Broadcom beats earnings estimates, announces 10-for-1 stock split
Broadcom announced a 10-for-1 stock split and beat earnings estimates for the second fiscal quarter.
ForexLive European FX news wrap: Dollar bounces back a little post-Fed
Headlines:
- Dollar keeps steadier so far on the day, awaits more US data
- What now after the US CPI and Fed showdown yesterday?
- What has changed after the US CPI and FOMC?
- ECB’s Muller: It is too early to say when the next rate cut can happen
- ECB’s Vasle: Possible for more rate cuts if baseline scenario holds
- Spain May final CPI +3.6% vs +3.6% y/y prelim
- Germany May wholesale price index +0.1% vs +0.4% m/m prior
- Eurozone April industrial production -0.1% vs +0.2% m/m expected
Markets:
- USD leads, AUD lags on the day
- European equities lower; S&P 500 futures up 0.1%
- US 10-year yields up 2.3 bps to 4.318%
- Gold down 0.7% to $2,306.83
- WTI crude down 0.9% to $77.81
- Bitcoin down 0.5% to $67,740
The dollar is standing its ground on the day, keeping firmer after the Fed helped to stem the tide in trading yesterday.
The greenback was steadier early on before nudging a little higher now as we look to US trading. EUR/USD was hugging around 1.0800 before falling now to 1.0785. Meanwhile, GBP/USD stuck around 1.2790 before easing to 1.2765 currently.
USD/JPY was little changed, having already pushed up in Asia trading – holding around 157.10-20 levels, up 0.3% on the day.
Elsewhere, AUD/USD is down 0.3% to 0.6640 with USD/CAD up 0.2% to 1.3750 on the day now.
In the equities space, tech shares are still largely higher but the overall mood is mixed. Nasdaq futures may be up 0.6% but Dow futures are down 0.3%. For European indices, there is some catching up to do to the late retreat after the Fed yesterday too. Major indices in the region are down closer to 1% across the board.
Looking over to commodities, precious metals are feeling the pinch again as such. Gold is down 0.7% and eyeing the $2,300 mark while silver is down nearly 2% to $29.10 at the moment. I’d still like to see a stronger correction, especially in gold, before further dip buying in this space.
All in all, this has the makings of a turnaround Thursday for the most part. But we’ll have to see if US data later will help to spur that on or not.
This article was written by Justin Low at www.forexlive.com.