Prior was 48.2 Current conditions 48.4 vs 46.2 expected (prior was 45.8) Expectations 49.3 vs 44.3 expected (prior was 44.1) 1-year inflation 4.6% vs 4.8% prior 5-year inflation 3.4% vs 3.9% prior I don’t know why anyone cares about this report at this point. It’s been in the doldrums forever and hasn’t predicted any slowdown in consumer spending. It’s…
USD/CAD trades on the front foot on Friday as lower Oil prices weigh on the commodity-linked Canadian Dollar (CAD) amid cautious optimism that the United States (US) and Iran could reach an agreement that would reopen the Strait of Hormuz. At the time of writing, the pair trades around 1.3979 after touching 1.4024 on Thursday, its highest level since…
The broader U.S. stock indices rallied yesterday on optimism surrounding a reported ceasefire agreement in the Middle East. Today, however, markets gave back some of those gains after Iran appeared to push back on parts of the deal, creating renewed uncertainty. Despite the early weakness, stocks have bounced off their lows following a stronger-than-expected University of Michigan consumer sentiment…
Brown Brothers Harriman’s Elias Haddad highlights strong South Korean asset performance, with South Korean Won (KRW) outperforming and the KOSPI up sharply on AI-led semiconductor strength. The Bank of Korea’s (BoK) Governor Shin Hyun Song delivered hawkish guidance, emphasizing the need to prioritize price stability. BBH notes that a 25 bps hike to 2.75% at the July 16 meeting…
MON: G7 Summit (15-17 Jun), German Wholesale Prices (May), Indian WPI (May), EZ Industrial Production (Apr), US Industrial Production (May) TUE: BoJ Policy Announcement (Jun), RBA Policy Announcement (Jun), G7 Summit (15-17 Jun), Chinese Industrial Production (May), Retail Sales (May), Unemployment Rate (May), Italian HICP Final (May), EZ/German ZEW Survey (Jun), US ADP Employment Change Weekly, US Building Permits…
Gold (XAU/USD) price consolidates above the $4,200 figure on Friday as market participants are optimistic about a potential US-Iran deal, set to be signed next week, according to newswires. Meanwhile, households in the US are becoming more optimistic about the economy. The XAU/USD pair trades at $4,216, up 0.11%. XAU/USD steadies as deal chatter offsets firmer yields Investors’ mood…
Sector Overview The US stock market showcased a complex landscape today, with technology stocks primarily leading the way. The semiconductor sector saw significant momentum, thanks to some impressive performances. NVDA rose by 0.54% and AMD skyrocketed by 5.39%, contributing to a bullish sentiment in the sector. Notably, TXN’s impressive gain of 1.14% further supports this upward trajectory. Meanwhile, the…
Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures. GDP is seen around 1% in 2026–27, while CPI is projected slightly below Scenario A and potentially under the 2% target at longer horizons. Scenario A path for…
A look at what’s pressing gold lower, from hot inflation to rising real yields, and the two catalysts that could shift the direction next week.
The Iranian Foreign Minister is saying that: The memorandum of understanding has never been closer The signing is pending its finalization He comments that the media should refrain from entering into speculation about its contents The details of the deal will be forthcoming A diplomatic source is also commenting that the US and Iran have informed mediators of their…
