Forget the Fed Meeting! The Most Important Inflation Metric Is Being Released Today.
This is a tone-setting week for the stock market, highlighted by today's (July 30) 08:30 a.m. ET release of the Personal Consumption Expenditures (PCE) data.
Market Analysis
Stock market today: Dow, S&P 500, Nasdaq rebound after Fed decision, as Microsoft leads tech gains
US stocks staged a major comeback on Thursday morning after a Fed-fueled sell-off, as Microsoft (MSFT) stock led tech gains and more earnings were on deck. But fresh US attacks on Iran, a bond rout, and worries about AI…
Rolls-Royce hikes guidance as it benefits from both the defense boom and AI data center buildout
Rolls-Royce is riding two of the biggest investment themes in global markets: the defense boom and the AI buildout.
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US Dollar Index Price Forecast: Rebounds to near 101.00 as bullish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 101.00 during the European hours on Thursday. The DX…
British Pound: BoE hike pricing supports Sterling against US Dollar – MUFG
MUFG's Derek Halpenny notes that the British Pound (GBP) has been the strongest G10 currency after the US Dollar (USD) since the Middle East conflict began, with attention now on the Bank of England’s (BoE) July decisio…
Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
British energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from the jump in oil and gas prices amid the sprawling Middle East conflict.
Australian Dollar stays on the defensive against a broadly firmer USD, ahead of US data
The AUD/USD pair struggles to capitalize on the previous day's late rebound from the 0.6920 region, or an over two-week low, and seesaws between tepid gains/minor losses through the early European session on Thursday. S…
The Fed Holds and the Long End Gets Nervous
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
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Equities: Fed-driven yield spike pressures equities – Deutsche Bank
Deutsche Bank notes that the Federal Reserve’s (Fed) on-hold decision and limited detail from Chair Warsh sparked a sharp steepening in the Treasury curve, pushing the 30-year yield to 5.20% and weighing on equities. Th…
Shell profits double as oil prices rise due to Iran war
Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.
Stocks Plunge on a Rout in Chipmakers and a Hawkish Fed Hold
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -2.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.06%. September E-mini S&P futures …
WTI Oil extends gains beyond $84.00 as US resumes strikes in Iran
Oil prices have risen about 7% over the last two days, pushing the price of the US benchmark West Texas Intermediate (WTI) barrel to levels above $84.00 on Thursday, up from the $77.16 lows seen earlier in the week. The…
New Zealand Dollar gains ground above 0.5800 as Fed hold mutes US Dollar
The NZD/USD pair gathers strength to near 0.5810 during early European trading hours on Thursday, bolstered by the Reserve Bank of New Zealand (RBNZ) rate hike bets. Traders brace for the preliminary reading of the US G…
Treasury sell-off continues after divided Fed holds interest rates steady
U.S. Treasury yields continued their upward climb on Thursday as investors weighed the Federal Reserve's decision to hold interest rates steady and sought insight on future monetary policy decisions.
US Dollar: Real yields drive correction risk – ING
ING’s Chris Turner notes that US real yields and the US Dollar (USD) fell after a confusing FOMC press conference, as markets sensed the Federal Reserve (Fed) may avoid further tightening. He highlights upcoming United …
Stocks Plunge on a Rout in Chipmakers and a Hawkish Fed Hold
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -2.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.06%. September E-mini S&P futures …
Indian Rupee drops amid surging US Treasury Yields
The Indian Rupee (INR) drops against the US Dollar (USD) on Thursday. The USD/INR pair edges down to near 95.60, with the Indian currency facing a tough fight against higher United States (US) Treasury Yields.
Samsung Q2 Operating Income Surges On AI Demand; Sees Strong Demand In H2
(RTTNews) - South Korean tech major Samsung Electronics Co. Ltd. (SSNLF, 005930.KS) reported Thursday significantly higher operating profit in its second quarter as revenues were boosted mainly by AI demand.
Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall
The AUD/JPY cross declines to around 113.65 during the early European session on Thursday. The pair currently trades 0.65% lower on the week as the likelihood of the Reserve Bank of Australia (RBA) raising interest rate…
India Gold price today: Gold falls, according to FXStreet data
The price for Gold stood at 12,458.01 Indian Rupees (INR) per gram, down compared with the INR 12,504.69 it cost on Wednesday.
Russian strikes on Ukraine kill seven; Poland scrambles fighter jets
Russia attacked Ukraine's capital with missiles and drones early Saturday morning, killing one person and wounding 27 others, a day before talks between Ukraine and the U.S., local authorities said. Explosions boomed ac…
Stocks Plunge on a Rout in Chipmakers and a Hawkish Fed Hold
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -2.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.06%. September E-mini S&P futures …
SK Hynix swings in whipsaw trade as AI spending worries persist after earnings
Shares of SK Hynix's American depositary receipts tumbled 7.94% Thursday morning, falling $14.01 to $162.44, extending one of the more volatile stretches Wall Street has seen from a newly listed stock as the South Korea…
Silver Price Forecast: XAG/USD remains below $58.00 amid Fed hawkish pause
Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $57.90 per troy ounce during the Asian hours on Thursday. However, Silver prices gained following the Federal Reserve…