Equities: Wall Street rallied forcefully, with the S&P 500 gaining 0.6% to close at 7,563, while the tech-heavy Nasdaq 100 outperformed, hitting a fresh all-time high with a gain of 0.8%. Overall, Technology (1.4%) and Healthcare (1.3%) led, while defensive sectors, Consumer Staples (-0.6%) and Utilities (-1%) underperformed. Conversely, European bourses fell, with the FTSE
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Japanese Finance Minister Katayama said decisive action can be taken against yen volatility, declining to confirm intervention history, as the MOF prepares to release intervention data covering late April to May 27 at 1900 JST: 1000 GMT 0600 US Eastern time Summary: Finance Minister Katayama said at a regular press conference that decisive action can
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Industrial production in Japan was up a seasonally adjusted 0.8 percent on month in April, the Ministry of Economy, Trade and Industry said on Friday.That beat forecasts for a decline of 0.4 percent, which would have been unchanged from the March reading.On a yearly basis, industrial output was up 2.3 percent.Upon the release of the
US Vice President JD Vance said Thursday that President Trump has not yet decided whether to endorse a tentative memorandum of understanding with Iran, and that negotiations are continuing over unresolved language in the draft agreement. Speaking to reporters at Joint Base Andrews, Vance said the timing and outcome of any presidential sign-off remained uncertain,
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Crude oil is closing modestly higher by $0.20 at $88.90, but the final price does not reflect the volatility seen throughout the trading day. Prices traded as high as $92.52 before reversing sharply lower and eventually finding support near session lows at $87.11. That wide trading range highlights the uncertainty currently driving the oil market
Markets are rallying due to the finalization of the Peace Memorandum, but final agreement by Trump and Khamenei are still awaited While Nasdaq continues to price heaven and shoot for it, the DJIA is surprisingly unchanged Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Stock Markets are rallying after major diplomatic progress,
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Scott Breakwell, a former macro and foreign exchange trader at Millennium, has joined Steven Cohen’s Point72 hedge fund in Sydney. Breakwell spent just over a year at Millennium, and prior to that was Bank of America’s head of FX forwards trading for Asia, also based in Sydney. Much of his career was at Deutsche Bank
A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. decreased by less than expected in the week ended May 22nd.The EIA said crude oil inventories slid by 3.3 million barrels last week after plunging by 7.9 million barrels in the previous week. Economists had expected crude oil
Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield holding near 4.5%, continued offering support to the greenback even as softer-than-expected monthly PCE inflation data eased immediate fears of
New York Fed president Williams is speaking: higher productivity rates can raise real interest rates. Shifts in productivity are hard to spot in real time. Williams does not comment on near term policy outlook This article was written by Greg Michalowski at investinglive.com. Source link
Corrects headline and introFrance’s producer prices declined in April after a rebound in March, the statistical office INSEE said Thursday.Producer prices declined 2.1 percent on a monthly basis in April, following a 1.9 percent rise in March.Prices for mining and quarrying products, energy and water declined sharply by 10.9 percent after a 0.7 percent increase.
Strategic positioning and digital transformation Beyond traditional banking, Lloyds continues to invest heavily in technology, automation and artificial intelligence. In May, the group launched “Envoy”, an internal AI platform designed to support the safe deployment of AI agents across the organisation. Management believes AI can improve efficiency, customer service and operational productivity over time. Lloyds
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