Category: Markets
-
Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
•
In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
-
Hedge funds face losses amid unexpected Tesla rally By Investing.com
•
Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
-
Germany Sees Exports & Imports Fall in May 2024
•
Germany’s trade figures have become clear, and the economic powerhouse seems to be playing the “who can shrink slower?” game in the global market. Despite sharp declines in exports and imports, Germany’s trade surplus managed to widen in May 2024. the The Federal Statistical Office reported on Monday Trade balance…
-
This won’t be a quiet hurricane season
•
Today we have seen the first major hurricane of the year to hit the United States. And it won’t be the last, as hurricane season doesn’t peak until September. The good news is that there are no systems anywhere in the Atlantic that look likely to develop in the next…
-
Exclusive-Bain Capital nears deal to buy Envestnet, sources say By Reuters
•
Milan city win (Reuters) – Private equity firm Bain Capital is close to a deal to acquire Investnet Inc., a U.S. financial software provider with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the talks go through, a deal with Bain could…
-
European stock traders go home with mixed results
•
European traders are heading out of the markets with mixed results on major stock indices. The French CAC was the worst performer, down -0.63%, after the election results ended in a political deadlock. Neither the right nor the left are likely to form a coalition government. Investors are not very…
-
Boeing in talks with US defense department on impact of guilty plea
•
By David Shepardson WASHINGTON (Reuters) – Boeing Co is in talks with the U.S. Defense Department about how the planemaker’s planned guilty plea will affect its wide-ranging government contracts, a person familiar with the matter said. Boeing Co. has agreed to plead guilty to a charge of criminal fraud conspiracy…
-
Major US indices are higher in early trading
•
The S&P 500 closed at a new record high for three straight days. The Nasdaq closed at a record high for four straight days. Both indices are trading higher in early U.S. trading to start the new trading week. Despite its rise, the Dow Jones Industrial Average leads the three…
-
US airlines cancel over 1,300 flights due to Hurricane Beryl By Reuters
•
(Reuters) – U.S. airlines canceled more than 1,300 flights and delayed more than 1,000 on Monday as Hurricane Beryl strengthened and made landfall in Texas. Flight tracking website FlightAware reported a total of 1,361 flights had been canceled and 1,014 flights delayed as of 9:06 a.m. ET. United Airlines topped…
-
Biden survived the weekend but the story is far from over
•
Amnesty International Image For many Democrats, the long Fourth of July weekend was an opportune moment for President Biden to announce that he would not seek reelection. Instead, he doubled down and avoided a routine interview with ABC. A total of five Democratic members of Congress are now publicly calling…
-
Eli Lilly to buy bowel disease drug developer Morphic for $3.2 billion By Reuters
•
(Reuters) – Eli Lilly and Company said on Monday it will acquire Morphek Holdings Inc (NASDAQ:MLS) for $3.2 billion in cash, giving the U.S. drugmaker access to an experimental drug for a type of inflammatory bowel disease. Shares of drug developer Morphek surged 76% to $56.15 premarket after Lilly’s offer…
-
Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
•
Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…
-
Gold Technical Analysis – The NFP report increased the bullish sentiment
•
Basic Overview Last Friday, gold prices rose after the release of the US non-farm payrolls report. The data showed a further slowdown in the labor market with the unemployment rate rising and wage growth declining. This led to lower real yields and accelerated the rise in gold. This has been…
-
Porsche stops production of some combustion models early By Reuters
•
FRANKFURT (Reuters) – Porsche is sticking to its position in its move to electric cars, bringing forward the end of production of some internal combustion models, the company’s production chief told Automobilwoche magazine. Porsche board member Albrecht Reimold said the petrol-powered version of the Macan SUV for non-European markets will…
-
Stocks Slip With Euro on French Fiscal Concerns: Markets Wrap
•
(Bloomberg) — European stocks and the euro fell after the unexpected result of France’s snap election stoked concerns about the country’s deteriorating financial conditions. Most Read from Bloomberg France’s CAC 40 underperformed the pan-European STOXX 600 after a surprise win by a left-wing coalition in French legislative elections. European bonds…
-
European equities trail at the open as investors take in French election results
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
Top Meme Coins Crash as Crypto Markets Decline
•
The cryptocurrency market is seeing another downturn on Monday morning, with major coins posting significant declines. For example, ETH is trading below $3,000 again, down 4% on the day. XRP is down 5%, and now bulls are fighting to defend the critical $0.4 level. Source: Quantify Crypto As shown in…
-
Top Meme Coins Crash as Crypto Markets Decline
•
The cryptocurrency market is seeing another downturn on Monday morning, with major coins posting significant declines. For example, ETH is trading below $3,000 again, down 4% on the day. XRP is down 5%, and now bulls are fighting to defend the critical $0.4 level. Source: Quantify Crypto As shown in…
-
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes By Reuters
•
By Chris Prentice, Mike Spector, and David Shepardson NEW YORK/WASHINGTON (Reuters) – Boeing Co has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department investigation into two deadly crashes of its 737 MAX jetliner, the government said…
-
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes By Reuters
•
By Chris Prentice, Mike Spector, and David Shepardson NEW YORK/WASHINGTON (Reuters) – Boeing Co has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department investigation into two deadly crashes of its 737 MAX jetliner, the government said…