LONDON, June 2 Reuters Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by a surge in investor interest in artificial intelligence, according to BofA Global Research released on Friday. Tech stocks saw 8.5 billion of inflows in the week to Wednesday, the most on record, BoFa said, […]

TOKYO, June 2 Reuters The U.S. dollar wallowed near a oneweek low versus major peers on Friday, on course for its worst week since midJanuary, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month. The U.S. Senate39;s passage of a bill to suspend the debt ceiling and avert a disastrous default […]

MUMBAI, June 2 Reuters The Indian rupee rose to a more than 2week high on Friday, helped by the dollar39;s decline against its major peers and Asian currencies on mounting expectations that the Federal Reserve will not hike rates this month, The rupee was at 82.3525 against the U.S. dollar by 11 a.m. IST, compared […]

TOKYO, June 2 Reuters SoftBank Group Corp shares jumped 5 in early Friday trade as the technology investor which is preparing an initial public offering of chip designer Arm was caught up in a frenzy for semiconductor and artificial intelligencerelated stocks. The Japanese conglomerate, which has been hit by the slumping value of its tech portfolio, […]

JOHANNESBURG, June 2 Reuters The South African rand gained in early trade on Friday, extending a recovery from the previous session on growing expectations that the U.S. central bank will stand still on interest rates this month. At 0645 GMT, the rand traded at 19.5875 against the dollar , around 0.2 stronger than its previous […]

June 2 Reuters European stocks rose on Friday, with miners and real estate stocks in the lead as investors took comfort from the passing of the U.S. debt ceiling bill and hints that the Federal Reserve could pause its interest rate hiking cycle later this month. The panEuropean STOXX 600 index was up 0.5 by 0712 […]

FTSE 100 up 0.5, FTSE 250 adds 0.7 June 2 Reuters UK39;s FTSE 100 rose on Friday as investors adopted a riskon mood following the U.S. Senate39;s decision to pass a deal to avert a debt default, while shares of Dechra Pharmaceuticals hit a twoweek high after the vet drugmaker agreed to be taken private. […]

PREVIOUS TRADING DAY EVENTS 01 June 2023 Announcements    The Majority of the U.S. Senate Voted to Pass Debt Ceiling Bill! Legislation backed by President Joe Biden lifts the governments 31.4 trillion debt ceiling, thus averting the debt default. The bill passed by the House of Representatives on Wednesday as time was running out since the […]

LONDON, June 2 Reuters Sterling headed for its biggest oneweek rally against the dollar in six months on Friday, as U.S. interest rates looked increasingly likely to plateau sooner than UK rates. With the allimportant monthly U.S. employment report due later in the day, activity in the currency market was subdued. From a cable perspective, […]