• Rumours of an imminent peace deal in the Middle East sent the USD index tumbling. • The ECB raised interest rates but did not signal that the cycle would continue. The US dollar recorded Read more…
Oil prices extended their sharp decline on today as markets grew increasingly confident that a breakthrough in US-Iran negotiations could eventually restore normal energy flows through the Strait of Hormuz. Brent crude slipped back into Read more…
Advanced Micro Devices (AMD) has gained about 128.45% year to date, at the time of writing, Thursday afternoon, June 11. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.47% in the same period. Read more…
The US natural gas market (XNG/USD) is entering the summer season under the influence of two opposing forces. Domestically, the picture remains bearish. According to the EIA, working gas in underground storage stood at 2,688 Read more…
Markets The ECB as expected raised its policy rate by 25 bps to 2.25%. After already pondering the impact of the war in the Middle East in April, new projections indicate that the conflict is Read more…
In focus today UK April GDP is released today. PMIs suggest the economy remained in growth territory in April and only slowed in May, although market consensus expects GDP in April to decline further from Read more…
UK GDP contracted by -0.1% m/m in April, matching expectations. The setback followed solid gains of 0.4% in February and 0.3% in March, suggesting the economy lost some momentum at the start of the second Read more…
German Bundesbank President Joachim Nagel signaled that another ECB rate hike in July remains possible, emphasizing that policymakers are keeping “all options open” as they assess the inflationary impact of the Middle East conflict. Just Read more…
Key takeaways Global stock markets staged a powerful relief rally after President Trump signalled that a comprehensive peace agreement between the US and Iran could be reached soon, triggering a sharp 6% decline in crude Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Something about the influx of warm Read more…