Markets reserve some caution on US-Iran developments
The war continues to rage on but it looks like we’re on the cusp of some form of agreement or memorandum of understanding (MOU) being signed off between both sides. While on the surface it is billed as “a deal to end the conflict”, let’s be reminded of what the stakes are here. This framework […]
Lloyds shares have become the Footsie’s latest AI play
Image source: Getty Images Lloyds (LSE: LLOY) shares were in high demand last week. On AJ Bell‘s platform, the FTSE 100 bank was the most bought stock. Why were investors scrambling to buy the shares? Believe it or not, AI. Should you buy Lloyds Banking Group Plc shares today? Before you decide, please take a […]
What are the main events for today?
EUROPEAN SESSION In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Spanish PPI and the UK CBI which are not going to change anything for the respective central banks. The ECB is widely expected to hike in June and then wait at least […]
ECB policymaker Schnabel says that a June rate hike will be needed
Looking through inflation spike is no longer an option There are increasing signs that inflation shock is spilling over to other parts of the consumption basket Even if Iran war ended today, policy action is needed given the damage to energy infrastructure The negative impact on growth from the shock will be stronger Incoming data […]
Crude oil futures plunge nearly 5%: What this oil analysis is guiding next
Crude oil futures are under sharp pressure today, with Light Crude Oil Futures trading near $91.79, down about 4.98%. The move matters not only for oil traders, but also for consumers watching gasoline prices, because sustained weakness in crude can eventually filter into wholesale fuel and retail pump prices. The current read from the investingLive.com […]
Craig Kimbrel Elects Free Agency
Craig Kimbrel has elected free agency, according to his transaction log on MLB.com. The Mets designated the right-hander for assignment last week, and he passed through outright waivers unclaimed. The nine-time All-Star is now free to look to continue his career elsewhere. Kimbrel will turn 38 later this week, and he no longer has the […]
investingLive Asia-Pacific FX news wrap: Shots fired, deal closer: Hormuz endgame in sight
Summary: US forces sank two IRGC vessels laying mines in the Strait of Hormuz and struck a surface-to-air missile site at Bandar Abbas; Iran launched anti-ship cruise missiles at US Navy assets in response; CENTCOM called the actions defensive and said the ceasefire remains intact Oil futures partially recovered from Monday’s near-7% drop overnight, though […]
Astros Release Daniel Johnson – MLB Trade Rumors
The Astros have released Daniel Johnson, according to his transaction log on MLB.com. The outfielder played in eight games for Houston and another 12 for Triple-A Sugar Land this season. He went 2-for-14 in the majors with two singles, two walks, a hit-by-pitch, and a run scored. Drafted by the Nationals in 2016, Johnson was […]
PBOC is expected to set the USD/CNY reference rate at 6.7822 – Reuters estimate
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade […]
Gold and silver slip in Asia. Iran deal optimism offsets active US strikes … but
Gold and silver fell in Asian trade as markets interpreted simultaneous US strikes on Iran and active peace talks in Doha as a deal nearing conclusion rather than a conflict at risk of widening. Summary: Gold and silver prices declined in Asian trading Optimism over a US-Iran peace agreement outweighed the impact of continued military […]
