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Stocks Stabilize as Oil Prices Fall Back, But Caution Prevails

The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are up +0.06%, …

6 min read

Bond market anxiety is growing over AI capex budgets

It's playing out in real time in the bond market, where the biggest names involved in the blitz — Google, Amazon and Meta — are seeing credit spreads widen as fixed-income investors demand more reward to lend to the com…

2 min read

South Korean Won: Strong GDP and inflows support Won – Commerzbank

Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The…

2 min read

Gold gains despite firm US Dollar

Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XA…

5 min read

Singapore Dollar: Hawkish MAS stance supports SGD – MUFG

MUFG’s Lloyd Chan expects MAS to keep policy unchanged at the July meeting while maintaining a tightening bias, distinguishing between energy-driven and domestically generated inflation. Strong Singapore growth and a po…

1 min read

Oil Prices Fall Back as Red Sea Oil Shipments Continue

WTI crude oil prices (CLU26) are down by about -4% today, giving back much of Thursday’s rally of +6.17%. Meanwhile, Sep Brent crude oil prices (CBU26) have fallen below $96 per barrel after posting a 2-month high of $1…

5 min read

Stocks Stabilize as Oil Prices Fall Back, But Caution Prevails

The S&P 500 Index ($SPX) (SPY) today is up +0.11%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are up +0.06%, …

6 min read

Equities: Hyperscaler stress and chip volatility – Commerzbank

Commerzbank’s Marco Stoeckle argues that the AI trade is at a crossroads, with ‘Mag 7’ euphoria fading and hyperscalers facing cash flow and leverage concerns. In contrast, semiconductor and memory stocks, tracked by SO…

1 min read