The DAX 40 extended losses on Friday, closing down about 1.3% at 24,671, its lowest level in two weeks, and snapping a two-session winning streak. The index came under renewed pressure from chipmakers, as global uncertainty surrounding tech stocks and growing concerns over the rising cost of AI infrastructure weighed on sentiment. Infineon Technologies dropped […]
I don’t think I’ve ever seen something quite like the rout in oil prices in the market. Hormuz was the mother-of-all disruptions, an absolute dream for oil bulls. Yet here we are nearly four months later and crude is back where it began. Worse yet, many (most?) oil stocks are below pre-Hormuz levels. It’s the
2026.06.26 2026.06.26 USD/JPY: Elliott Wave Analysis and Forecast for 26.06.26–03.07.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 160.55 with a target of 165.00–170.00. A buy signal: the price holds above 160.55. Stop Loss: below 160.00, Take Profit: 165.00–170.00. Alternative scenario: Breakout and consolidation below
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Austria’s manufacturing sector continued to expand in June but the pace of expansion softened primarily due to a sustained reduction in new orders, survey results published by S&P Global showed Friday. The UniCredit Bank Austria manufacturing Purchasing Managers’ Index fell to 50.9 in June from 51.7 in May. This was the fourth successive reading above
Wall Street mixed as Micron surges and Apple slides US markets ended in mixed territory on Thursday, with the signals pointing in contradictory directions. Micron Technology surged nearly 16% to a record high after earnings and forecasts comfortably beat Wall Street estimates, reinforcing the view that demand for memory chips remains robust. Sandisk jumped 22%
EUR/CHF recovered after briefly dipping to 0.9196 as the latest ECB Consumer Expectations Survey offered modest encouragement on inflation but ultimately reinforced expectations that the central bank’s tightening cycle is not over. While households became less concerned about inflation over the coming year, the improvement was not sufficient to materially alter the policy outlook. Markets
Credit Agricole says that its month-end fixing model is pointing to mild dollar buying into the June fix. The firm notes that: “Global equity markets were broadly firmer in June. In FX, the USD has outperformed across the board on the month. Overall, the moves in equity markets, when adjusted for market capitalisation and FX
Norway’s retail sales decreased in May after rebounding in the previous month, preliminary data from Statistics Norway showed on Friday. The volume of retail dropped a seasonally adjusted 2.1 percent month-on-month in May, reversing a 0.1 percent increase in April. Sales of cultural and recreational goods declined the most by 6.2 percent, and those of
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Bitcoin’s brief rebound following Micron’s blockbuster earnings proved remarkably short-lived. While the chipmaker surged more than 15% after issuing massive revenue guidance, the improvement in market sentiment evaporated almost as quickly as it arrived. Bitcoin is once again trading under heavy pressure as it struggles to defend the psychologically important 60,000 level. More importantly, if
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Summary: Asian equities are getting hammered after the New York Times reported OpenAI is leaning toward delaying its IPO until 2026, triggering a broad tech selloff across the region The Nikkei is down around 4.5% with SoftBank falling 12% or more, as CEO Masayoshi Son’s heavily publicised bet on OpenAI comes under pressure The KOSPI
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The core-core at 1.9% against a 1.8% forecast is the most significant number in the release for BOJ watchers, as it is the measure the board treats as the clearest read on underlying trend inflation. A move from 1.6% to 1.9% in a single month, combined with wholesale inflation already at a three-year high of
The Bureau of Economic Analysis (BEA) released the Personal Consumption Expenditures (PCE) price index data on June 25, 2026. The headline PCE price index rose 0.4% on a month-over-month basis and 4.1% year-over-year, matching the Bloomberg economic calendar consensus forecasts. Meanwhile, the core PCE price index—which excludes volatile food and energy components and serves as
Japan Tokyo CPI June 2026, y/y: Headline CPI 1.7% expected 1.7%, prior 1.4% Core CPI 1.6%, below BoJ target for the fifth month expected 1.6%, prior 1.3% CPI Ex Food and Energy (core-core and the closest to US core CPI measure) 1.9% expected 1.8%, prior 1.6% This article was written by Eamonn Sheridan at investinglive.com.
