This week's market focus is on the US economy, with major banks like JPMorgan and Bank of America releasing Q2 earnings. The June consumer price index report is also due Tuesday, coinciding with JPMorgan's conference call. Other key reports include the producer price index and earnings from J.B. Hunt and Netflix.
Precious metals are expected to remain under pressure due to geopolitical uncertainty in the Middle East, upcoming inflation data, and economic indicators influencing global interest rates. The US-Iran conflict, rising oil prices, and a stronger dollar are key factors.
Bitcoin's attempt to reclaim $60,000 failed after strong US macro data, including sticky inflation and firm demand, led to a flash crash and $482 million in liquidations. BTC fell to $58,189 before recovering slightly, remaining below the key level.
US Treasury yields declined Tuesday as investors awaited key inflation data. Fears of higher interest rates impacted global tech stocks, while UK bond yields saw slight drops despite a leadership change. The PCE price index release on Thursday is a key focus.
US Treasury yields climbed Monday, with the 2-year yield hitting its highest since early last year. Investors await key inflation data Thursday and monitor US-Iran war negotiations. Crude prices fluctuated as the Fed signaled a hawkish stance on interest rates.
US Treasury yields climbed Tuesday as investors awaited key inflation data and weighed developments in US-Iran negotiations. The 10-year Treasury yield rose over 3 basis points to 4.483%, with the 2-year and 30-year yields also higher. Crude prices fluctuated amid the geopolitical tensions.
US Treasury yields climbed on Tuesday, with the 10-year note yield rising over 3 basis points to 4.483%. Investors are anticipating Thursday's release of the May Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, which is expected to show an increase.
This week's market focus includes FedEx's Q4 earnings report, the crucial PCE inflation data, and Micron's earnings, a key player in the AI chip market. Geopolitical developments and oil price drops may influence inflation readings.
US inflation remains high at 4.2% in May, driven by energy prices due to geopolitical tensions. Prediction markets show a 79% chance of no Fed rate cuts in 2026, impacting cryptocurrencies which historically perform better with accommodative monetary policy.
Treasury yields remained flat despite a faster-than-expected inflation print and ongoing Middle East conflict. Investors await producer price index data, while oil prices dipped amid regional tensions.
South Korean stocks closed higher Thursday, reversing earlier losses. The KOSPI rose 0.43% driven by retail investors and strong semiconductor export data, while the KOSDAQ surged 4.76%. US inflation data also eased market concerns.
President Trump expressed his "love" for inflation despite US consumer prices rising at their fastest annual pace in over three years. Data showed a 4.2% annual increase in May, driven by energy costs linked to the Iran conflict.
US consumer inflation surged 0.5% in May, reaching its fastest pace in three years, driven by soaring oil prices and higher energy costs. This puts pressure on the Federal Reserve ahead of its policy meeting.
Apple's WWDC kicks off with expected Siri AI update, Honeywell provides guidance, key inflation data releases (CPI, PPI), and SpaceX's highly anticipated IPO amid market concerns over equity influx.
European stocks rose Tuesday as investors awaited inflation data and U.S.-Iran war developments. The Stoxx 600 gained 0.7%, with major indices also higher. Investors are focused on the impact of the Middle East conflict on May inflation figures.
European equities futures indicate a positive opening on Tuesday, with investors closely watching euro zone inflation data for May. The figures will reveal the economic impact of the U.S.-Iran and Russia-Ukraine conflicts, particularly on energy prices.
Gold prices fell for a third straight session despite a slight reprieve after US inflation data, amid skepticism over a US-Iran deal and interest rate uncertainty.
Markets focus on Iran conflict developments and potential US actions, impacting oil prices above $100/barrel. Pope Leo XIV launches an encyclical on AI and human dignity. Key inflation data from the US and Eurozone are expected, with a 25 basis point ECB hike anticipated in June.
Markets are influenced by easing Middle East tensions, positive US-Iran signals, and a surge in tech IPOs. Oil prices dropped below $100, boosting risk appetite. US inflation concerns persist, with Fed officials monitoring the situation. Asian markets rose, while European markets showed mixed performance.
European stocks rose Wednesday, led by miners and tech, as U.K. inflation eased to 2.8% in April, below economists' expectations. Bond yields fell and the British pound dipped slightly after the data.
European stocks showed little movement on Wednesday, influenced by high bond yields and a softer U.K. inflation rate of 2.8% in April. Geopolitical tensions involving Iran also remained a key concern for global markets.
European stocks opened lower Wednesday, tracking global markets focused on high bond yields and a softer UK inflation rate of 2.8% in April. Investors also weighed geopolitical tensions after reports of a postponed U.S. strike on Iran.
European stocks are poised for a negative open Wednesday, tracking Asian markets lower amid concerns over elevated bond yields and upcoming U.K. inflation data. Geopolitical tensions also remain a focus.
VP JD Vance clashed with CNN's Kaitlan Collins, denying President Trump said he didn't care about Americans' financial well-being, despite broadcast evidence. Trump defended his remarks, while inflation data showed a 3.8% CPI spike.
