Markets: WTI crude oil up $3.33 to $93.53 US 10-year yields up 3 bps to 4.56% Gold down $22 to $4306 EUR leads, CHF lags S&P 500 futures up 0.2% Nikkei down 3.6% The weekend and Monday featured a full dose of Middle East drama. It started with Israeli strikes on Sunday on Beirut. That
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Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
After Friday’s rout, Nasdaq futures fight to regain control Buyers have stepped back into Nasdaq futures after Friday’s sharp decline, but the battle for higher-value acceptance is still underway. After the gap-down open, NQ did not continue lower. Instead, buyers stepped in, pushed price back toward Friday’s close area, and then accepted higher value above
Japan’s gross domestic product expanded a seasonally adjusted 0.5 percent on quarter in the first quarter of 2026, the Cabinet Office said on Monday – in line with expectations and steady from the previous three months. On an annualized basis, GDP was up 1.8 percent – missing forecasts for 2.1 percent, which would have been
The NZX 50 dropped 204 points, or 1.6%, to 12,958 in Monday morning trading, reversing gains from the previous session and hitting its lowest level since May 22. The decline followed a weak close on Wall Street on Friday, driven by a sharp selloff in semiconductor stocks. Sentiment was further pressured by renewed geopolitical concerns
Trump is doing a real media tour today. Just in the past three hours, he’s spoken to Fox News, Axios and now the FT where he says: Netanyahu will have ‘no choice’ but to accept a deal with Iran “I call the shots, I call all the shots. He [Netanyahu] doesn’t call the shots” Iran’s
OPEC+ and OPEC continue to go through the motions with the quota meetings despite the Strait of Hormuz. OPEC+ announced it will raise its quota by 188K bpd for July with another meeting to come on July 5 for August production. The thing is, there are 10-13 million barrels per day shut in right now
Mon: Japanese GDP (Q1), German Factory Orders (Apr), US Consumer Inflation Expectations, Apple WWDC 2026 Tue: EIA STEO (Jun), South Korean GDP (Q1), UK BRC Retail Sales (May), Australian Westpac (Jun), Chinese Balance of Trade (May), German Balance of Trade (Apr), German Imports (Apr), Mexican Inflation (May), US ADP Weekly Change, Exports/Imports, Canadian Exports/Imports (Apr),
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Key takeaways for stock investors and swing traders OKLO was already trading below its post-earnings anchored VWAP before Friday’s sharp drop. Thursday’s rally into that VWAP area was rejected, which was a warning sign. Earnings should be judged by the stock’s price reaction, not only by EPS or revenue headlines. Anchored VWAP from the latest
Markets ended the week in a far more defensive mood than they began it. After spending May climbing steadily on the back of AI enthusiasm, resilient economic growth, and hopes for easing geopolitical tensions, investors were suddenly forced to confront three separate risks at once. A sharp correction in technology stocks, renewed concerns that US
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The North American employment picture received a significant boost today as both the United States and Canada delivered much stronger-than-expected labor market reports, reinforcing the view that economic activity remains resilient despite concerns about slowing growth and elevated interest rates. In the United States, nonfarm payrolls increased by 172,000 in May, nearly double the consensus
The NASDAQ is now down more than 1,000 points, or -3.84%, at 25,801, with the session low reaching 25,753.93. Selling pressure accelerated following reports that Microsoft may look to tap the equity markets to help fund its expanding AI infrastructure investments, a development that has weighed on both the stock and the broader technology sector.
