Market News

Fed’s Kashkari Males Implicitly Hawkish Statement; Fears Grow of Far-Right Victory in France; Indonesian Rupiah at 4-Year Low

There was good news on the inflation front, as inflation decelerated in May and was lower than anticipated.

US inflation data showed no increases in prices over the past month, leading to an expected fall in annualized CPI which sent major US equity indices sharply higher.

US Stock Market Continues Advance, European Markets Also Bullish; Gold Near 2-Month Low; Euro Finds Support; Indonesian Rupiah at 4-Year Low

Macron Calls General Election as Far-Right Wins 40% in Euro Poll; Risk Appetite Drops After Higher US Earnings, NFP Friday

The European Central Bank (ECB) delivered a 0.25% rate cut at today’s policy meeting.

European Central Bank Expected to Cut by 0.25%; Major US Equity Indices Hit Record Highs; Bullish Bitcoin Testing Resistance Again

BoC Expected to Make First Major Rate Cut This Week, Euro Tomorrow; Odds on Fed Rate Cut in September Shorten on Poor Jobs Data, Boosting Stocks; Indian Rupee Stronger; Crude Oil Near 4-Month Low

Several European Currencies Reach New Long-Term Highs Against Greenback; Modi’s Majority Shrinks; Japan Admits Yen Intervention, Swiss CPI Expected Steady

Major Asian Equity Indices Firmly Higher as India’s Modi Wins Re-election; Japanese Yen Weakens Further During Tokyo Session

The United States GDP for the first quarter was revised downwards to 1.3% year-on-year in the second estimate, down from 1.6% in the first estimate.

US GDP Seen Slowing to 1.2% Growth; Stocks Lower on Rising US Yields; Yen Weakens to Intervention Zone

Australian Inflation Rises Unexpectedly, Aussie Barely Reacts; Stocks Lower on Hawkish Kashkari Comments; Silver Closes at 10-Year High Price

Gold, Silver Rise; US Dollar Lower; Wheat Futures Reach New 10-Month High; Equity Indices Mixed

Major Asian Equity Indices Gain; Gold, Silver Gain; Rumour Bank of Japan May Hike by 0.50% by Year End