Market news
Crypto, stocks, forex and macro, aggregated for traders.
Korean Won Slumps to Multi-Year Low on Energy Shock – BBH
Brown Brothers Harriman's Elias Haddad points to an energy shock driving sharp depreciation of the South Korean Won, with USD/KRW surging to its highest level in years.
Fed's Schmid: Energy Costs a Key Inflation Driver, Oil Prices a Political Factor
Federal Reserve Bank of St. Louis President James Schmid said that energy costs remain a major driver of inflation, adding that the duration of high oil prices is a political variable as the central bank continues its longstanding fight to bring inflation down.
Fed’s Daly: Inflation Still Driven by Energy and Tariffs, Policy Focused on 12-Month Outlook
San Francisco Fed President Mary Daly stated that current inflation pressures remain driven by energy prices and tariff effects, and that monetary policy is focused on the 12-month outlook rather than long-term AI impacts.
OECD Forecasts Bank of England Rate Hold This Year, Cuts in 2024
The OECD projects the Bank of England will keep rates unchanged through 2023 before beginning an easing cycle, a bearish signal for sterling.
Aussie Dollar Consolidates Near 0.7200 Resistance
The Australian Dollar remains in a consolidation phase, with AUD/USD gains capped by the key 0.7200 level. The pair awaits a stronger catalyst to challenge yearly highs.
Gold Challenges Critical Support After Retreat from $4,515
Spot gold retreated sharply from an early peak of $4,515, now trading around $4,480 and testing a key support level. Intraday gains remain modest amid fading war optimism.
Fed's Daly: Inflation Remains Top Priority, Outlook Uncertain
San Francisco Fed President Mary Daly reiterates that returning inflation to target is the Fed's primary concern, while highlighting uncertainty over the economic outlook and the path of interest rates.
Bitcoin Drops Below $62K, BitMine Plans $300M ETH Purchase, Hyperliquid Share at 6.63%
Bitcoin slid below $62,000, while BitMine announced plans to issue $300 million in shares to acquire Ethereum. Hyperliquid's share of the derivatives market reached 6.63%.
Nvidia and Chip Index Diverge on Nearly Half of Trading Days
Nvidia (NVDA) and the Philadelphia Semiconductor Index (SOX) have moved in opposite directions on roughly 50% of trading sessions over the past 50 days, the highest divergence since the 2022 bull market began.
USD/CAD Uptrend Intact Despite RSI Nearing Overbought
The Canadian Dollar recovers some ground against the US Dollar on Thursday, but the uptrend for USD/CAD remains intact as the RSI approaches overbought territory.
Dow Jones Industrial Average Hits Record Above 51,000 as Investors Rotate Out of Chip Stocks
The Dow Jones Industrial Average surged 1.7% to close above 51,000, reaching a new all-time high, amid a rotation out of semiconductor stocks.
Euro Rises as Israel-Lebanon Ceasefire Boosts Risk Appetite
EUR/USD edges higher on Wednesday as easing Middle East tensions reduce safe-haven demand for the US Dollar, pushing the pair to around 1.1625, up 0.25% on the day.
British Pound Wavers as Lebanon Ceasefire Reports Flip
GBP/USD seesawed after news of a Lebanon ceasefire agreement was followed by reports that Hezbollah rejected the plan. The pair traded at 1.3439 after bouncing off daily lows.
Rostelecom Forecasts Double-Digit Net Profit Growth Through 2030
Rostelecom's deputy president and CFO Anna Tregubenkova told Interfax that the company expects annual double-digit net profit growth under its new strategy through 2030.
AUD/USD Trims Gains After RBA Bullock's Hawkish Remarks
The Australian dollar pulled back from intraday highs after Reserve Bank of Australia Governor Michele Bullock struck a hawkish tone, while stronger US labor data lifted the greenback.
VTB Proposes Attracting Asian Investors for Large Russian Projects
At the St. Petersburg International Economic Forum, VTB deputy chairman Vitaly Sergeychuk suggested partnering with Asian investors, particularly Chinese, to fund capital-intensive projects through a model that exchanges financing and technology for long-term product purchase contracts.
Tech Stocks and Oil Drop as Broadcom Results Weigh on Nasdaq
Tech stocks and oil prices declined after Broadcom's disappointing results pushed the Nasdaq into negative territory for a second consecutive day.
S&P 500 ETF VOO First to Hit $1 Trillion in AUM
The VOO ETF has become the first exchange-traded fund to surpass $1 trillion in assets under management, fueled by $69 billion in inflows so far in 2026.
Evtushenkov Reveals Sber Negotiations for Ozon Stake; No Deal Reached
Vladimir Evtushenkov disclosed that AFK Sistema held talks with Sberbank about selling a stake in Ozon, but no agreement was reached. Sber CEO Gref reiterated the bank does not plan to invest in marketplaces.
BNY: Middle East Conflict Now Main Driver of Global Outlook
BNY's Bob Savage says the OECD sees the Middle East conflict as the primary shaper of the global outlook, with surging energy and input prices boosting inflation and weighing on growth.
Alfa-Bank Partners with DelExpress, Increases Credit Limit for Logistics Investments
Alfa-Bank has signed a strategic partnership agreement with logistics operator DelExpress, including a credit limit increase to support two new investment projects in the fertilizer and automotive sectors.
Hamamatsu Photonics, NKT, Yaqumo Partner on Cold-Atom Quantum Photonics
Hamamatsu Photonics, its subsidiary NKT Photonics, and startup Yaqumo signed a memorandum of understanding to jointly develop and commercialize photonic systems for cold-atom quantum computers.
Sber Unveils First Banking MCP for Corporate Clients at PMEF
Sber presented its first banking Model Context Protocol (MCP) for corporate clients at the St. Petersburg International Economic Forum, enabling AI agents to perform operations in SberBusiness.
Russia's Central Bank Weighs Restrictions on Early Redemption of 'People's Bonds'
The Bank of Russia is considering revising the terms of 'people's bonds', with First Deputy Chairman Vladimir Chistyukhin discussing possible restrictions on early redemption in an interview with Radio RBC.