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Update: Nasdaq, S&P 500 Fall as New Sanctions Plan Targets Iran's Trading Partners
(Updates with market moves at the end of the day, and other changes, if any.) The Nasdaq Composit...
Oil prices fall as Bessent outlines new steps to punish Iran
Oil prices retreated as US Treasury Secretary outlined plans for more sanctions to punish Iran while...
Houthis Target Saudi Oil Tanker in Red Sea Missile and Drone Attack
Yemen's Houthis on Monday targeted the Saudi oil tanker Amzan in the Red Sea off Yanbu with a ballis...
India Expands Strategic Oil Reserves With New ONGC Storage Plan
India’s ONGC plans to build up a strategic national reserve of crude totalling 1.75 million tons, or 12.8 million barrels. The company would also ask the government to allow the commercial use of the ...
Oil: Brent retraces gains on fragile ceasefire – Rabobank
Rabobank strategist Molly Schwartz notes that Brent Oil traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran. War insurance costs have risen sha ...
British Pound: Upside risk toward resistance against US Dollar – UOB
According to UOB’s Quek Ser Leang, GBP/USD’s sharp rebound has left scope to test major resistance at 1.3445, though a clear break is seen as unlikely in the near term. Short-term support lies at 1.33 ...
United States Dollar Index extends losses as US and Iran attempt to resume talks
The US Dollar Index (DXY) is trading lower for the third consecutive day on Friday.
Forex Today: US Dollar extends correction as US-Iran conflict remains under spotlight
Here is what you need to know on Friday, July 10:
Euro: Narrow path for sustained strength against US Dollar – ING
ING’s Francesco Pesole writes that Middle East tensions have modestly re-tightened EUR/USD short-term swap rate differentials by around 10bp, though the spread remains wider than pre-war levels.
Nurix Therapeutics, Inc. (NRIX) reports Q2 loss, lags revenue estimates
Nurix Therapeutics, Inc. (NRIX) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.73. This compares to a loss of $0.52 per share a year ago. These f ...
Austria Industrial Production (YoY) climbed from previous 0.6% to 0.7% in May
Austria Industrial Production (YoY) climbed from previous 0.6% to 0.7% in May
Why the S&P 500 Is Suddenly Your 401(k) Account’s Worst Performer
Your exchange-traded fund is flat. Remember that ETF you tucked away that invests in developed markets outside the U.S.—the one that looked cheap but has lagged behind the S&P 500 forever because it ...
Equities: Tech and chips drive relief rally – Deutsche Bank
Deutsche Bank strategists say a strong semiconductor rally and lower oil prices helped lift global equities. The S&P 500 rebounded as investors rotated from defensive sectors into growth and cyclical ...