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Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries
(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraph...
Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively t...
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in Augus...
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
France Business Climate in Manufacturing registered at 102 above expectations (100) in May
Equities: Cyclicals lead as stagflation fears grow – Danske Bank
Danske Research Team notes that global equities advanced, with several markets near new all-time highs, in a volatile session dominated by macro data and Iran-related headlines.
Euro remains depressed near 0.8650 against the British Pound despite upbeat German data
The Euro (EUR) languishes at 11-day lows against the British Pound (GBP) on Friday, on track for a 0.85% weekly loss. The positive German Gross Domestic Product (GDP) data has failed to support the co ...
Turkish Lira drops to record lows after Ankara court annuls 2023 leadership contest
USD/TRY rises after a slight decline in the previous day, reaching a record high of 45.7778 during the Asian hours on Friday. The pair appreciates as the Turkish Lira (TRY) drops due to political unce ...
OpenAI hits $5.7B in Q1 revenue, leading Anthropic by $1B: report
Frontline Non-GAAP EPS of $1.55 misses by $0.03, revenue of $714.24M beats by $108.13M
US Dollar Index Price Forecast: Continues to face pressure near 99.50
The US Dollar (USD) trades marginally higher during the early European trading session on Friday, even as market participants remain confident that the United States (US) and Iran will reach a deal so ...
British Pound: Sideways against US Dollar inside broader range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect GBP/USD to continue trading sideways between 1.3400 and 1.3460 after a strong rise failed to extend.
Euro: Conflict risks keep pressure against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has fallen to around 1.16 as markets now price a higher probability of a Fed rate hike by year-end while expecting the European Central Bank (ECB) to reac ...