FedEx reported earnings this week and it’s a company worth watching because freight demand is a great proxy for economic activity. Here is Brie Carere, EVP & Chief Customer Officer: “I was concerned a quarter ago that we maybe would see some demand destruction. That has not at all been the case.” Raj Subramaniam, President […]
The dominant narrative this week was not that the Federal Reserve became less hawkish—it was that markets became less convinced the Fed would need to become even more hawkish. Early in the week, investors aggressively priced in additional rate hikes after the June FOMC meeting, encouraged by a string of increasingly hawkish forecasts from major
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The U.S. dollar ended Friday slightly mixed but still posted a gain for the week as investors turned more cautious toward risk assets. The greenback came under pressure from falling U.S. Treasury yields, particularly at the short and intermediate maturities, and another sharp decline in crude oil prices as markets grew increasingly confident that Middle
The major U.S. stock indices closed modestly lower on Friday, with technology shares again leading the declines. The NASDAQ was the weakest performer, falling 0.24%, while the Dow Jones Industrial Average slipped 0.09% and the S&P 500 edged lower by 0.05%. The NASDAQ has now declined in each of the past five trading sessions and
Paraguay’s economy grew 5.8% year-on-year in the first quarter of 2026, moderating from a 6.2% expansion in the previous quarter. Growth was broadly based across sectors. The services sector expanded by 6.6%, underpinned by robust activity in transportation, financial intermediation, household and government services, real estate, restaurants and hotels, business services, telecommunications, information services, and
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
Trump writes: Numerous European Countries have been discussing the imminent implementation of a Digital Services Tax on American Companies. Some of these Countries are close to actually doing this. Please let this statement serve to represent that any Country that imposes such a Tax will immediately be met with a 100% TARIFF on any and
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
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. rebounded by slightly more than previously estimated in the month of June. The University of Michigan said its consumer sentiment index for June was upwardly revised to 49.5 from the previously reported 48.9. The revised reading is well above
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
