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Yesterday’s published FOMC minutes reveal that most Federal Reserve officials, during their meeting in June, expressed a likelihood of implementing additional tightening of monetary policy. However, these are anticipated to be at a more moderate pace compared to the previous rapid series of rate increases that have been a feature of monetary policy since 2022.
Watch today’s US Open for insights on the new rate pause by the Reserve Bank of Australia, the latest Sino-Western disputes, key upcoming releases and more
Tesla easily beat estimates regarding its deliveries for the second quarter.
The Federal Reserve’s preferred inflation gauge, the PCE shows contrasting trends between its headline number and the core print, which excludes volatile items such as food and energy.
Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets
On Wednesday, the Federal Reserve released the results of their annual bank stress test. All 23 banks that were included passed the test, weathering a severe recession scenario, continuing to lend to consumers and corporations.
Watch today’s US Open for insights on the hawkish comments by Fed Chair Powell, Australia’s inflation deceleration ahead of next week’s RBA meting and more
The tech heavy index rose on Wednesday against hawkish remarks by Chair Powell and reports that US plans an export ban of AI chips to China, but trades with caution today
Nvidia has gapped down on its open today following a report that the Biden administration may be considering a new ban on AI chips to China. The stock closed at 418.70 yesterday and opened on the cash market today at 406.60.
Watch today’s US Open for insights on the verbal Yen support by Japanese officials, which contains USD/JPY, hawkish commentary by ECB policymakers that send EUR/USD higher and more
Take a look at some corporations that will be on our radar over the coming months, as the third quarter gets underway, amidst market optimism. These include tech giants Apple, chip maker Nvidia and more
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