Articles in this Cluster
18-06-2025
U.S. stock futures rose slightly on Wednesday as investors await the Federal Reserve's rate policy decision. The Dow Jones, S&P 500, and Nasdaq Composite had fallen the previous day due to escalating tensions between Israel and Iran, with oil futures rising over 4%. The Fed is expected to hold rates steady, but investors will closely watch Chairman Jerome Powell's comments and the policymakers' rate forecast. Other data releases on Wednesday include May's housing starts and weekly jobless claims. The stock market will be closed on Thursday for the Juneteenth holiday.
18-06-2025
European markets are expected to fall at the open, with London's FTSE, Germany's DAX, France's CAC 40, and Italy's FTSE MIB all predicted to decline. Investors are assessing the ongoing conflict between Israel and Iran, which has led to a rise in oil prices and a flight to safe-haven assets like gold. The US Federal Reserve's monetary policy decision is due, with investors expecting rates to remain unchanged, and will be watching for post-meeting comments and the central bank's rate policy forecast. Additionally, UK inflation data for May is expected to show a 3.4% annual rise, and Sweden's Riksbank will publish its interest rate decision.
18-06-2025
The market is preparing for the Federal Reserve's rate decision at 2 p.m. ET, with the Dow Industrials dropping nearly 300 points. Treasury yields are steady, with the 10-year Treasury note yield at 4.39%. The energy sector was the only positive S&P 500 sector on Tuesday, driven by fears of Iran affecting oil prices. Oil and gas stocks, including EQT, APA, and Exxon Mobil, rose on Tuesday. In contrast, solar stocks, such as the Invesco Solar ETF, Sunrun, and SolarEdge, plummeted. The "Big Seven" tech stocks, including Tesla, Apple, and Amazon, also fell on Tuesday.
18-06-2025
Asia-Pacific markets traded mixed on Wednesday as escalating tensions between Israel and Iran weighed on investor sentiment, with US President Donald Trump's threats against Iran adding to the uncertainty. Japan's Nikkei 225 rose 0.47%, while South Korea's Kospi climbed 0.7%. Japan's May exports declined 1.7% year on year, softer than expected, and Australia's S&P/ASX 200 was flat. Hong Kong's Hang Seng index lost 0.87%, and mainland China's CSI 300 was up 0.18%. US stock futures inched lower ahead of the Federal Reserve's rate decision. Oil prices rose, with US crude gaining 0.45% to $75.18 per barrel, as top oil CEOs warned of the risks of further attacks on critical energy infrastructure. Morgan Stanley's chief Asia economist said the region is well-positioned to withstand higher oil price pressures.
18-06-2025
Japan's exports fell 1.7% year-over-year in May, the sharpest decline in eight months, driven by an 11.1% drop in shipments to the U.S. and an 8.8% decline in exports to China. The fall was less severe than the 3.8% decline forecasted by economists. Automobile exports to the U.S. plummeted 24.7%, while global auto exports dropped 6.9%. Japan's trade deficit narrowed to 637.6 billion yen, and imports fell 7.7%. The decline is attributed to trade uncertainties and the risk of U.S. tariffs, particularly on cars, which could hurt Japan's GDP growth and increase consumer prices.
