June 4, 2025 12:46 pm
Key Moments: Chicago Board of Trade (CBOT) agriculture futures rose on Wednesday, with the corn benchmark in particular jumping by almost 1.4%. Market sentiment was affected by increased tensions between Ukraine and Russia, along with expectations of improved export opportunities. Favorable weather conditions in the US continued to exert pressure on grain price movements. Markets […]
Read moreJune 4, 2025 12:08 pm
Key Moments: BOJ Governor Ueda reaffirmed the bank’s plans to continue bond tapering but signaled a delay on rate hikes. Rising Japanese inflation and fragile domestic demand complicate the BOJ’s policy outlook. USD/JPY managed to climb above 144.20. BOJ Maintains Cautious Stance Wednesday saw the USD/JPY pair fluctuate as markets assessed recent commentary from Bank […]
Read moreJune 4, 2025 9:52 am
Key Moments: The California Assembly has unanimously passed AB 1180 with a 68-0 vote. The bill, should it be approved by the California Senate, will enable the acceptance of digital asset payments for select state fees. Bitcoin managed to advance past $105,700 on Wednesday. Legislative Milestone for Digital Currency in State Operations California is moving […]
Read moreJune 4, 2025 6:53 am
Key Moments: South Korea’s KOSPI surged over 2% to 2,767.87, reaching levels last seen in August 2024. Other Asian indices also achieved gains. A rumored phone call between Trump and Xi Jinping stayed in focus. New US steel and aluminum tariffs took effect, doubling to 50% Asian Equities Rise on Technology Strength and Political Optimism […]
Read moreJune 3, 2025 2:50 pm
Key Moments: Pony AI’s share price dropped by over 18% on Tuesday. Today’s price movements extended declines suffered during the previous session as rising fears around US-China trade relations continued to weigh on markets. Investors overlooked Pony AI’s recent robotaxi collaboration with Shenzhen Xihu. Market Reaction to Geopolitical Tensions Pony Ai’s stock started off the […]
Read moreJune 3, 2025 11:28 am
Key Moments: ETH reached a high of around $2,650 on Tuesday before consolidating around $2,615. Spot Ethereum ETFs recorded $321 million in inflows during the week that ended on May 30th. Exchange balances fell to their lowest level in seven years, suggesting long-term holding behavior. ETF Interest Sparks Rally Ethereum advanced on Monday as rising […]
Read moreJune 3, 2025 9:41 am
Key Moments: STOXX 600 dropped 0.34% to 546.05 on Tuesday. The index was dragged down by banking and mining shares. The OECD downgraded its global growth outlook, citing increased pressure from the US-China trade conflict. STOXX 600 Falls as Sentiment Sours European equities moved lower on Tuesday amid weakness in bank and mining stocks. The […]
Read moreJune 3, 2025 8:47 am
Key Moments: The Australian dollar fell to 0.6453 following the release of the RBA’s May meeting minutes. Policymakers discussed a potential 50-basis-point rate decrease. According to market participants, the chances of further interest rate reductions being implemented in June now stand at around 70%. Australian Dollar Reverses Previous Day’s Gains The AUD/USD pair declined by […]
Read moreJune 2, 2025 2:18 pm
Key Moments: Lyra Therapeutics shares surged around 600% after the company reported that Phase 3 of its LYR-210 trial had been successful. ENLIGHTEN 2 trial met its primary goal, showing significant symptom improvement at 24 weeks. Management plans to pursue a New Drug Application for LYR-210 in patients without nasal polyps. Breakthrough Results in ENLIGHTEN […]
Read moreJune 2, 2025 12:31 pm
Key Moments: The Swiss franc appreciated by 0.5% against the US dollar on Monday, climbing to its highest level in around a month. President Trump announced a tariff hike on steel and aluminum to 50%, effective June 4th. The SNB is expected to cut rates to zero on June 19th. Frank Strengthens on Weaker Dollar […]
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