US stock index futures rose on Monday, kicking off a week that includes a Federal Reserve meeting and crucial results from major tech companies. Here’s what’s happening in the stock market today. Wall Street indices rallied strongly on Friday after the PCE price index, the Federal Reserve’s favored inflation gauge, came in mostly in line […]
Dollar Falls Ahead of Fed Meeting, Pound Slides
During the early part of the European trading session, the US dollar retreated, supported by a safe-haven bid, as tensions escalate in the Middle East, while sterling retreated ahead of the Bank of England’s monetary policy meeting this week. Here is what is happening in the forex market today. Dollar Rises Amid Middle East Tensions […]
US Stocks Lose Steam on Disappointing Results from Alphabet and Tesla
US stock markets lost ground on Wednesday, with technology stocks registering further weakness in the wake of disappointing second-quarter results from major companies such as Alphabet and Tesla. The poor results could create a dark cloud for upcoming quarterly releases and point to a fall in the sector, which has been weighed down by profit-taking […]
Dollar Rises, Euro Falls on PMI Weakness
The US dollar appreciated on Wednesday, while the euro fell following the release of poor data on Eurozone activity, pointing to further rate cuts by the European Central Bank. Here are the highlights of what is happening in the currency market. Dollar Shelters Amid Political Uncertainty The dollar has taken advantage of the volatile political […]
Ether ETFs Launch Trading with BlackRock Funds and More
Ether ETFs formally began trading in the US on Tuesday, bringing the world’s second-largest cryptocurrency into the mainstream for many investors and professional advisers. The new funds come from traditional issuers such as BlackRock and Fidelity, as well as cryptocurrency-specific firms such as Grayscale, marking another development in the gradual introduction of digital assets into […]
US Stock Markets Steady, Alphabet and Tesla Results to Set the Trend
US stock index futures stabilized on Tuesday ahead of key results from the important technology sector, which could indicate sentiment on Wall Street going forward. This and much more today in the stock market. On Monday, Wall Street showed signs of recovery thanks to a strong rotation into technology stocks, even though benchmark indices remained […]
Dollar Flat, Yen Strengthens Ahead of Bank of Japan Meeting
The US dollar traded flat on Tuesday in the European trading session, while the yen surged on suspicions of government intervention last week. Here’s what’s important in the currency market. Dollar Takes a Breather The dollar was able to stabilize on Tuesday, with traders showing signs of respite as they digest today’s volatile political situation […]
Asia’s First Bitcoin Inverse ETF to Launch in Hong Kong
Hong Kong is set to host Asia’s first exchange-traded fund (ETF) that will allow investors to bet against Bitcoin. CSOP Asset Management is launching the region’s new cryptocurrency-linked inverse ETF, Bloomberg and other media outlets reported on Monday. The new product is scheduled to begin trading on the Hong Kong Stock Exchange (HKEX) tomorrow, July […]
US Stock Markets Rise: Biden Withdraws His Presidential Bid and Tech Results Take Shape
US stock indices rose on Monday following President Joe Biden’s announcement that he is withdrawing his re-election bid. The markets bounced back from heavy losses last week amid a rotation in major technology stocks. Here’s what’s happening in the stock market. Futures rose, with Wall Street indices recovering from the previous week’s significant losses as […]
Dollar Falls on Biden Withdrawal, Euro Bounces Back After Losses
The dollar was lower on Monday after US President Joe Biden’s decision not to seek re-election, while the euro gained despite its not-so-strong tone after the European Central Bank’s meeting the previous week. Here’s everything you need to know about the major market currencies. Dollar loses ground amid political uncertainty The dollar lost ground after […]