- S&P 500
4,298.86 +0.11% - Dow 30
33,876.78 +0.13% - Nasdaq
13,259.14 +0.16% - Russell 2000
1,865.71 -0.80% - Crude Oil
70.35 -1.32% - Gold
1,975.70 -0.15% - Silver
24.40 +0.19% - EUR/USD
1.0749 -0.34% - 10-Yr Bond
3.7450 +0.83% - GBP/USD
1.2581 +0.18% - USD/JPY
139.3550 +0.33% - Bitcoin USD
25,846.82 -2.13% - CMC Crypto 200
587.23 -0.23% - FTSE 100
7,562.36 -0.49% - Nikkei 225
32,265.17 +1.97%
- Reuters
Rheinmetall could be worth 17 billion euro over medium term-CEO
The CEO of Germany's largest defence contractor Rheinmetall said he expected a further boost to the company's stock market value due to the Ukraine war and increased defence spending in Europe. "A valuation of 17 billion euros is realistic for Rheinmetall over the medium term," he added. Rheinmetall's current stock valuation is about 10.5 billion euros, on 2022 operating income of 754 million euros.
- Yahoo Finance UK
Behind the brand: Olio, the waste-tackling app aiming for one billion users
With over seven million users, Olio is an app tackling the problem of waste in the home and local community.
- Reuters
CANADA FX DEBT-Rate hike lifts Canadian dollar to second week of gains
The Canadian dollar was barely changed against its U.S. counterpart on Friday, holding near a two-month high, as investors continued to bet on another Bank of Canada rate hike despite domestic data showing a surprise jobs decline. "The CAD has extended its strong start to June to retest the low end of its trading range against the USD that has prevailed since late last year," Shaun Osborne, chief currency strategist at Scotiabank, said in a note. On Wednesday, the BoC hiked its benchmark rate by 25 basis points to a 22-year high of 4.75%.
- FX Empire
GBP to USD Weekly Forecast – British Pound Rallies for the Week
The British pound initially fell early in the week, but found a bit of support near the 1.2350 level to turn around and show signs of life again.
- FX Empire
EUR/USD Weekly Forecast – Euro Bounces
The euro had initially fallen during the trading week but has turned around to bounce toward the 1.08 level, an area that has been important several times.
- FX Empire
GBP to USD Forecast – British Pound Continues to Grind Higher
The British pound has rallied a bit during the trading session on Friday, as we have broken above the 1.2550 level again.
- FX Empire
EUR/USD Forecast – Euro Gives Back a Little Bit of Momentum on Friday
The euro has pulled back a bit on Friday to show signs of hesitation at the top of the consolidation area. This tells me that the market continues to focus on the Federal Reserve and ECB meetings next week.
- FX Empire
USD/JPY Weekly Forecast – US Dollar Finds Buyers on a Dip
The US dollar has fallen a bit during the trading week but continues to find buyers on dips against the Japanese yen.
- FX Empire
GBP/JPY Weekly Forecast – British Pound Recovers to Test Major Barrier Against Yen
The British pound initially fell during the trading week, showing signs of noise and negativity until we bounced from the ¥172.50 region. At the time of writing, we are threatening the ¥175 level.
- FX Empire
AUDUSD Weekly Forecast – Australian Dollar Has an Extremely Bullish Week
The Aussie dollar has had an extremely bullish week due to the surprising rate hike coming out of the RBA.
- FX Empire
USD/JPY Forecast – US Dollar Bounces Against the Japanese Yen
The US dollar has rallied a bit during the trading session on Friday as we continue to see a lot of noisy behavior. Ultimately, this is a market that is very strong but is currently consolidating in order to build up more pressure.
- FX Empire
GBP/JPY Forecast – British Pound Pierces ¥175
The British pound rallied again during the trading session on Friday, breaking above the ¥175 level early in the American session.
- Reuters
Rate hike lifts Canadian dollar to second week of gains
TORONTO (Reuters) -The Canadian dollar was barely changed against its U.S. counterpart on Friday, holding near a two-month high, as investors continued to bet on another Bank of Canada rate hike despite domestic data showing a surprise jobs decline. The loonie was trading nearly unchanged at 1.3445 to the greenback, or 74.93 U.S. cents, after touching its strongest intraday level since April 14 at 1.3311. "The CAD has extended its strong start to June to retest the low end of its trading range against the USD that has prevailed since late last year," Shaun Osborne, chief currency strategist at Scotiabank, said in a note.
- FX Empire
AUDUSD Forecast – Australian Dollar Continues to Power Higher
The Australian dollar has rallied during the trading session on Friday as we continue to see more of a “risk on” attitude around the world.
- Yahoo Finance UK
Banks tweak mortgage offers anticipating interest rate rises
HSBC, Halifax and Nationwide are among banks tweaking rates.
- Yahoo Finance UK
Trending tickers: Tesla | Carvana | Croda | Vodafone
Tesla, Carvana and Vodafone all saw swings in their stock price over the last 24 hours.
- Reuters
Euro zone yields at top of recent range ahead of ECB meeting
Euro zone government bond yields edged lower on Friday but were still at the top end of their recent range as investors braced for a European Central Bank's policy meeting tilted on the hawkish side late next week. Analysts expect the ECB to raise rates by 25 basis points while being careful not to signal a pause in the tightening path. Still, they believe the ECB cannot go too far in raising rates as the economy is weakening, and core inflation might follow suit.
- Investing.com
Dollar rebound from sharp losses; Fed meeting in focus
The U.S. dollar edged higher in early European trade Friday, rebounding after the previous session’s sharp losses as traders sought out a safe haven after weak Chinese inflation data. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.358, having lost more than 0.7% in the previous session, its largest daily decline in weeks.
- Investing.com
Asia FX dips as Chinese inflation disappoints, dollar steadies
Investing.com -- Most Asian currencies retreated on Friday as weak Chinese inflation data pushed up concerns over slowing growth in Asia’s largest economy, while the dollar steadied after steep overnight losses as a Federal Reserve meeting loomed.
- FX Empire
USD/JPY Forecast – US Dollar Pulled Back Against the Japanese Yen
The US dollar has fallen rather significantly during the trading session on Thursday as we continue to bounce around in the same consolidation area.
- FX Empire
GBP to USD Forecast – British Pound Continues to Chop Around
The British pound initially tried to rally during the trading session on Thursday, but it looks as if it is stuck in the same region that we have been in for a while.
- FX Empire
GBP/JPY Forecast – British Pound Continues to Build Pressure
The British pound continues to build pressure against the Japanese yen, as we are threatening the ¥175 level.
- FX Empire
EUR/USD Forecast – Euro Continues Groundhog Day
The euro has acted very much like the movie Groundhog Day, where today is the exact same price action as the last several.
- FX Empire
AUDUSD Forecast – Australian Dollar Rallies Again
The Aussie dollar has rallied again during the trading session on Thursday as we continue to threaten the 0.67 level.
- Reuters
UPDATE 2-European shares steady as rate jitters weigh, firm pound drags FTSE 100 down
European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive technology sector down 0.3%.
