Category: June
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3 Dow Stocks That Are No-Brainer Buys in June
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On May 26, Icon Dow Jones Industrial Average (DJI: ^DJI) It celebrated its 128th birthday. Since its introduction in 1896, it has undergone more than fourteen changes and gone from a 12-stock index filled with industrial companies to one now represented by 30 time-tested, diversified multinational companies. In mid-May, Dow…
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Daily Broad Market Recap – June 6, 2024
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It was a bullish and adverse day for the US dollar, as it erased intraday gains while traders braced for a potential loss in non-farm payrolls. The ECB’s monetary policy decision also took the spotlight when it surprised the central bank with a “tight easing” and spurred rapid gains for…
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Daily Broad Market Recap – June 5, 2024
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‘Risk’ assets and their US dollar counterparts saw gains during the US session as more traders priced in a potential interest rate cut by the Federal Reserve. The US dollar itself was largely stable, shedding points against commodity-linked currencies but also posting gains against other safe havens such as the…
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BOC Cut Its Rates to 4.75% in June and Hinted at Future Rate Cuts
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As expected, the Bank of Canada (BOC) cut interest rates by 25 basis points to 4.75% in June and became the first G7 bank to cut interest rates in four years. In the official statement, the Bank of Canada explained that preferred measures of core inflation have slowed and that…
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Boeing CEO to testify before US Senate panel on June 18 By Reuters
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Written by David Shepardson and Alison Lambert WASHINGTON (Reuters) – Boeing (NYSE:) CEO Dave Calhoun will testify before a U.S. Senate committee on June 18 after a series of accidents raised safety and quality concerns and prompted regulators to cap the planemaker’s production of its best-selling planes. 737. The highest.…
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Daily Broad Market Recap – June 4, 2024
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Concerns about the US economy encouraged a risk-off trading environment and pushed the US dollar higher against its “riskier” counterparts. Meanwhile, crude oil continued its downward trends, spot gold pulled back from highs at $2,350, and Fed bets on lower interest rates sent US bond yields lower. Titles: Switzerland CPI…
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Ethereum Price Might Breakout Above $4000 Levels In June
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the Ethereum network It has been the center of intense speculation and anticipation in the world of cryptocurrencies, as its native token, Ether (ETH), has emerged as a formidable contender against the market giant, Bitcoin. As the second-largest cryptocurrency by market capitalization, Ethereum’s price dynamics have shown remarkable resilience and…
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Contracts for new Sh12bn power hub to be ready in June
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Contracts for the construction of a new national electricity transmission center to be managed by the Kenya Electricity Transmission Company (Ketraco) will be ready this month for approval by Attorney General Justin Muturi, raising hopes for favorable consumer prices. The National System Control Center (NSCC) is currently located on Juja…
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Goldman Sachs updates US Conviction List for June By Investing.com
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Goldman Sachs on Monday updated its popular “US Convictions – Manager Cut List”, adding five stocks to its selection of buy-rated stocks from its US coverage. The five names added in the June update include Edwards Lifesciences Corp (NYSE:), Enphase Energy (NASDAQ:), Enphase Energy (NASDAQ:), Sempra Energy (NYSE:), Teradine (NASDAQ:),…
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Daily Broad Market Recap – June 3, 2024
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Fed rate bets kept volatility interesting for major financial assets on Monday. Spot gold is gaining ground on general US dollar weakness and ahead of this week’s US employment data, while the Canadian dollar is attracting bearish demand ahead of the Bank of Canada’s decision. Titles: Australia’s MI inflation index…
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The winners and losers of May trading in FX, and what to look out for in June?
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Here’s a little hint. Yes, I may not have felt it but the dollar was actually the underperformer in May trading. Here’s how the major currency bloc performed against the dollar during the month: EUR +1.7% Japanese Yen +0.3% British Pound +2.0% Swiss Franc +1.9% CAD +1.1% Australian Dollar +2.8%…
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Weekly Market Outlook (03-07 June)
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Upcoming events: Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canadian Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: Swiss Consumer Price Index, US job opportunities. Wednesday: Average monetary income in Japan, Australian GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, Bank of Canada Policy Decision, US…
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These Three Projects Are Merged To Launch ASI Alliance,($ASI) Token Launch On 13th June
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The world of Artificial Intelligence (AI) is on the verge of a transformational shift, with three leading blockchain-powered AI platforms – Fetch.aiSingularityNET and Ocean Protocol – finalizing their plans to integrate AI. Forming the ASI (Artificial Superintelligence) Alliance by June 13, 2024, this consortium challenges the dominance of technology giants,…
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Machine Learning Algorithm Predicts Dogecoin And Shiba Inu Price For June 2024
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Dogecoin and Shiba Inu price predictions have been skewed by a machine learning algorithm And he expected The price of these two meme coins will be in June 2024. While the machine learning algorithm expects the price of the Shiba Inu to perform well next month, it has taken a…
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Saudi Arabia planning Aramco share sale as soon as June
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Investing.com – Saudi Arabia is looking to sell billions of dollars worth of shares in state-backed energy giant Aramco (Tadawul:) as soon as June, Reuters reported, citing two people familiar with the matter. The news agency said on Sunday that according to one source, the offering could raise about $10…
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ECB’s Panetta adds to the chorus for a June a rate cut – “general consensus has emerged”
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As Governor of the Bank of Italy, Fabio Panetta is also a member of the Governing Council of the European Central Bank. On Saturday, he spoke at a press conference at the end of the G7 finance leaders’ meeting, saying he saw “a fairly general consensus emerging about the possibility…
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Tesla to Make Job Cuts Through June, Leaving Workers in Limbo
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Breadcrumb links BMN Business One worker likened the company’s situation to “Squid Game,” the TV series in which contestants fight for survival. Article writer: Bloomberg News Kara Carlson and Dana Hall Posted on May 20, 2024 • 4 minutes read You can save this article by registering for free here.…
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Slowing Inflation Primes G-7 Central Banks for June
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Breadcrumb Trail Links PMN Business Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. Author of the article: Bloomberg News Brian Fowler and Craig Stirling Published May 18, 2024…
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OPEC+ likely to extend production cuts in June, Goldman Sachs says (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures added modestly to gains from the previous session on Thursday that followed an unexpected decline in US inventories. A 1.4 million barrel drop in US crude inventories in the week ending May 3Supported the market After a month Joseph Dahria, Director of…