US Fiscal 2025 Defense Budget constrained by law, inflation
US defense discretionary spending is projected to rise 0.9% to $850 billion in fiscal 2025, conforming to limits under the Fiscal Responsibility Act of 2023.
US fintech midyear policy outlook
Fast-expanding regulatory scrutiny of the financial-technology sector has the potential to create short-term compliance headaches for companies like Apple, Meta, Google and PayPal.
North American biopharmaceuticals midyear outlook
Performance across North American biopharmaceuticals was largely negative in 1H24, given the economy weighed heavily on biotech. However, due to recent economic releases suggestive of a near-term interest-rate rate cut, macroeconomic pressure may start to abate in 2H24
Oil Ticks Up on Inventory Drawdown Outlook, Middle East Risks
SINGAPORE, June 26 Reuters Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. Brent crude oil futures rose 41 cents, or 0.48, to 85.42 a […]
Gold Steady as Investors await Inflation Report for Rate Hike Clues
Fed39;s Bowman reiterates holding rates steady 39;for some time39; U.S. PCE data due on Friday June 26 Reuters Gold prices were steady on Wednesday as investors awaited a report on the Federal Reserve39;s preferred inflation gauge due later this week for the latest clues on the central bank39;s rate cut prospects after some hawkish commentary […]
XAUUSD, EURUSD, BTCUSD and NVIDIA Midweek Market Moves Reviewing Trends and Anticipating Shifts
Today, Wednesday, is ideal for market analysis. Lets examine XAUUSD and USOIL commodities, EURUSD forex, BTCUSD cryptocurrency, and Nvidia stocks to review recent performance, current positions, and potential moves by weeks end. XAUUSD Sentimental Analysis BDSwiss Mobile App indicates 82 of traders are short on XAUUSD, while 18 are long. Technical Analysis Potential Downside Breakout […]
Sterling Dips as Dollar Strengthens While Traders await U.S. Data
LONDON, June 26 Reuters The pound dipped on Wednesday as the dollar strengthened while investors waited for the release of the Federal Reserve39;s preferred gauge of inflation on Friday. Sterling was last 0.2 lower at 1.2661, around where it has traded for the last two weeks. The euro was down 0.1 against the pound at […]
Yen Tumbles to 38Year Low vs Dollar as Likely Japan Intervention Looms
U.S.Japan wide rate differential one reason for yen weakness Japan39;s Kanda again warns on excessive FX moves U.S. new home sales slump to sixmonth low NEW YORKLONDON, June 26 Reuters The yen dropped to its lowest against the U.S. dollar since late 1986 on Wednesday, amid a wide interest rate differential between the two economies, […]
Reliance Leads Indian Shares to Record Highs
BENGALURU, June 26 Reuters India39;s benchmark equity indexes hit record highs on Wednesday, led by gains in heavyweight Reliance Industries and private lenders such as ICICI Bank. The NSE Nifty 50 and SP BSE Sensex rose 0.6 each to hit record highs as of 1251 p.m. IST. The oiltotelecom conglomerate Reliance, which has a weightage of about 10 […]
FedEx NYSE FDX FY2024 Q4 Earnings Release Market Insights, Analyst Forecasts, and Technical Analysis
The earnings conference call for FedExs fourth quarter of fiscal year 2024 is scheduled for today at 400 PM Central Time. FedExs market cap as of June 2024 is 63.12 billion, placing it as the 287th most valuable company globally by market cap, according to companiesmarketcap.com data. As of June 24, 2024, the exdividend date […]