Market News

Stocks Rise After Powell Says Inflation Trending Down; Major Equity Indices See Record High Closing Prices; Markets Await FOMC Minutes

USD/JPY Makes Record Near ¥162; Euro Runs Out of Momentum, Although RN Majority Unlikely in France; Markets Await Eurozone CPI Estimate

Euro Rises as RN Underperforms Opinion Polls in French Election; USD/JPY Trading Near Record Above ¥161; Markets Await German Preliminary CPI Data

Yen Continues to Weaken, Bank of Japan Threats Seen Failing; USD/JPY Makes Historic Breakout Beyond ¥160; Markets Await US Final GDP Data

Australian Inflation Follows Canada Higher, Aussie Strengthens; Japanese Yen Remains Weak Near ¥160; Crude Oil Steadies on Higher US Stockpile

Canada’s Consumer Price Index (CPI) rose to 2.9% year-on-year in May, up from a three-year low of 2.7% in April.

Month-on-Month Canadian CPI Expected at 0.3%; Japanese Yen Remains Weak Near ¥160; Tech Stocks Lower as NVIDIA Plunges; Crude Oil Near 2-Month High

USD/JPY Remains Close to ¥160; Japan’s Canda Threatens to Intervene; Far Right Remains Strong in New French Polls

The Bank of England (BoE) stayed on the sidelines at Thursday’s policy meeting. The British Pound is slightly lower as the decision was widely expected.

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.