Archiv für den Monat: Juni 2024
CAIXABANK efectua el pago de 4.125,00 euros por los intereses de su emision ES0840609046
CAIXABANK efectua el pago de 3.375,00 euros por los intereses de su emision ES0840609004
Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce
Roaring Kitty might be pondering on what to do with his massive options position against GameStop and he could have some tough choices to make.
GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy
The retailer announced it completed an at-the-market equity offering, selling the maximum number of 75 million shares to raise proceeds of $2.14 billion.
More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
Federal officials said the Biden administration hit a key milestone in its push to make it easier for consumers to buy an electric vehicle.
Affirm buy now, pay later loans will be embedded into Apple Pay later this year
Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year.
Oracle shares jump on Google and OpenAI deals despite earnings miss
Oracle is allocating capital for data center construction to meet demand from OpenAI, and it’s bringing its trademark database to other public clouds.
ForexLive European FX news wrap: Markets tentative awaiting US CPI, Fed showdown
Headlines:
- A big day coming up for markets
- What are the main events for today?
- France’s Macron calls for democratic parties to unite to form a governing pact
- France’s Macron: I do not want to hand the keys of power to the far-right in 2027
- UK April monthly GDP 0.0% vs 0.0% m/m expected
- Germany May final CPI +2.4% vs +2.4% y/y prelim
- US MBA mortgage applications w.e. 7 June +15.6% vs -5.2% prior
- The „crypto president“ says he wants all remaining Bitcoin „to be made in the US“
Markets:
- CHF leads, JPY lags on the day
- European equities higher; S&P 500 futures up 0.1%
- US 10-year yields flat at 4.398%
- Gold down 0.1% to $2,312.79
- WTI crude up 1.1% to $78.77
- Bitcoin up 0.8% to $67,800
It was a quiet and more tentative session as markets are waiting on the main events later today.
It will be the first time since June 2020 that the US CPI report and FOMC meeting both falling on the same day, setting up for a blockbuster session in US trading ahead.
That is keeping markets on edge, with major currencies little changed overall. French president Macron came out to say that he will fight on and that is nudging the euro a little higher. EUR/USD is up 0.2% to 1.0760, with the dollar keeping mixed on the day so far.
USD/JPY is seen up 0.2% to 157.35 while GBP/USD is up 0.1% to 1.2755 currently, not doing a whole lot overall.
In the equities space, European indices are seeing a slight bounce back after the political angst weighed on sentiment in the last two days. US futures aren’t doing much though, waiting on the inflation numbers and the Fed later before acting.
It’s been a bit of a wait this week but we’re finally here now. Time to get the party started!
This article was written by Justin Low at www.forexlive.com.
BOE seen cutting rates in August – poll
- 63 of 65 economists expect BOE to cut rates starting August
- All economists polled expect there to be no change to rates later this month
- 35 of 65 economists see two rate cuts by the BOE for this year
- 24 of 65 economists see three rate cuts by the BOE for this year
- Only 3 of 65 economists anticipate more than three rate cuts by the BOE for this year
It has been a while now that markets and the BOE itself have converged to a timeline for an August move. After a more resilient showing in Q1, the UK economy looks set to return to its sluggish roots again in Q2. That will add some pressure for the BOE to move, although price pressures remain relatively sticky for the time being.
It will certainly be a test of the central bank’s resolve with August being just two months away now.
This article was written by Justin Low at www.forexlive.com.