Gold fell to a fresh five-month low early on Monday, falling for a second day as oil prices rose aga
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Investors cautiously return to bond markets, sending Treasury yields slightly lower and softening some of the selloff triggered by Friday's stronger-than-expected jobs report. The dollar follows a similar path.
The bank now expects the Fed's next two cuts to come in June and December 2027, after May jobs growth cleared forecasts by a wide margin
Gold extends losses as missile attacks, inflation worries, and higher rate bets pressure bullion.
FedEx and China Southern Cargo promise to work together on finding joint cargo efficiencies. The post FedEx, China Southern Airlines to explore cargo cooperation appeared first on FreightWaves.
Stock market investors could be facing a specter they haven’t had to navigate since early April, when the bull market in tech caught fire and powered domestic indices out of their early year torpor and tensions between Washington and Tehran simmered into a fragile truce effort. The two-day surge in volatility follows a series of events that have tested the strength of the current tech market wave, pushed the Federal Reserve into a challenging position of moving toward rate hikes while defying President Donald Trump’s public call for easier policy, and unsettled investors hoping for an extended cease-fire agreement between the U.S. and Iran. “At the same time, growing expectations of Fed tightening have caught an investor base overweight equities and overweight emerging markets,” said ING’s Chris Turner, the bank’s global head of markets.
June S&P 500 E-Mini futures (ESM26) are up +0.71%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.40% this morning, signaling a rebound from Friday’s selloff on Wall Street as investors stepped in to buy the dip in technology stocks even as tensions in the Middle East pushed oil prices higher.
The SpaceX IPO is here, Apple’s second chance on AI plans, Iran war’s next 100 days, and more news to start your day.
Opponents of a controversial transcontinental rail merger hailed the House transportation appropriations committee’s backing of a ‘rigorous’ review of the deal by federal regulators. The post House endorses 25-year old rules for rail merger review appeared first on FreightWaves.
US equity investors will focus on the inflation data, a worsening conflict in the Middle East, and t
Boeing (BA) has received approval from the Federal Aviation Administration to begin TIA Phase 4B cer
Investors need to understand the relationship between interest rates and stock prices.
US stock futures were mixed as concerns about a Middle East ceasefire continued to weigh, and investors braced for fresh inflation data and a blockbuster SpaceX IPO this week.
US stock futures were mixed as concerns about a Middle East ceasefire continued to weigh, and investors braced for fresh inflation data and a blockbuster SpaceX IPO this week.
Blue-chip stocks looked set to fall on Monday as the cease-fire in the Middle East appeared to fray, with the market still reeling from Friday’s brutal artificial intelligence selloff. Futures tracking the Dow Jones Industrial Average slipped 169 points, or 0.3%. S&P 500 futures climbed 0.3%, while contracts tied to the tech-heavy Nasdaq 100 added 0.7%.
Investors are counting down to the end of the week when Elon Musk’s rocket maker SpaceX is expected to start trading on the Nasdaq in what could be the largest IPO on record. Also, Apple’s developer conference kicks off Monday where the tech giant will unveil its latest tools and technologies.
There's a silver lining in the Fed's initial June inflation forecast -- but we're nowhere close to being out of the woods.
Investors have some good options if the Warsh-led Fed makes an unpopular decision in the near future.
By Jihoon Lee and Yena Park SEOUL, June 8 (Reuters) - South Korea's stock benchmark plunged over 8% on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve
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<body><p>STORY: Asian stocks plunged on Monday morning as investors hit the brakes on the red-hot AI rally.</p><p>South Korea’s tech-heavy KOSPI index took the heaviest beating.</p><p>It was down around 6% by late-morning after volatile trade had earlier triggered a 20-minute halt.</p><p>Chip giant Samsung matched the overall decline. </p><p>Meanwhile, Japan’s Nikkei index was down around 4% by the same time.</p><p>That follows a similar drop for the Nasdaq on Wall Street at the end of last week.</p><p>One analyst told Reuters that doubts have crept in over tech earnings, partly following weaker-than-expected numbers from US chipmaker Broadcom.</p><p>Last week’s hotter-than-expected U.S. jobs data have also all but wiped out hopes for further rate cuts by the Federal Reserve this year.</p><p>Then there’s Iran.</p><p>Tensions in the Middle East have flared again, following Israel’s strikes on Lebanon, and Iran’s retaliatory strikes on Israel.</p><p>International benchmark Brent Crude was up around 3% on Monday morning, once again heading towards the $100 per barrel mark.</p><p>That’s despite weekend action by the OPEC+ oil exporters’ group to reassure markets with a further boost to output.</p><p>Later this week, all eyes turn to the potentially record breaking SpaceX share listing.</p><p>Elon Musk’s rocket firm is set to start trading on Friday, and is expected to debut with a valuation of around $1.75 trillion.</p><p>With so much money going to that, and more possible mega-listings such as OpenAI, some brokers have expressed concern about the impact on other assets. </p></body>
As we’ve been predicting in recent months, labor market conditions are improving, while inflationary pressures remain elevated. We expect the Federal Reserve will shift to a tightening bias at the June meeting and will probably hike the federal funds rate in July if current trends persist, notes Ed Yardeni, editor of Yardeni QuickTakes.
June 8 (Reuters) - Goldman Sachs expects the U.S.
After a dry spell amid high interest rates and inflation uncertainty Q1 saw 35 IPOs raise $9.9 billion, according to Renaissance Capital.
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come throughout next week, including SpaceX's (SPAX.PVT) long-awaited mega-IPO, earnings from Adobe (ADBE) and Oracle (ORCL), and the latest inflation data in the form of May's Consumer Price Index (CPI) report.
Tensions in the Gulf had already been escalating as the U.S. and Iran increasingly exchange fire, with both sides trying to establish their own shipping lanes in the Strait of Hormuz.
Investors are likely to confront challenges from the latest inflation reading and the SpaceX IPO in the days ahead.