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LIVESTOCK-CME cattle futures recover, though declining demand weighs
CHICAGO, June 26 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Thursday after the U.S. Department of Agriculture reported lower red meat inventories, though concerns over waning demand from U.S. consumers and retailers limited gains, traders said.
Fri, Jun 27
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Xiaomi launches YU7, undercutting Tesla's Model Y on price
Xiaomi's YU7 SUV priced 4% below Tesla's Model Y in ChinaYU7 orders hit 200,000 in 3 minutesYU7's range of up to 835 km, compares with up to 719 km for Model YBy Qiaoyi Li, Che Pan and Brenda GohBEIJING, June 26 (Reuters) - Chinese EV and smartphone maker Xiaomi 1810.HK on Thursday pric...
Fri, Jun 27
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Bessent asks Congress to drop 'retaliatory' tax as Republicans struggle to rewrite bill
Trump expresses "hope" Congress will pass bill by July 4 holidaySenate Republicans face challenges with tax and health provisionsDemocrats criticize bill as benefiting wealthy AmericansRural hospitals warn of negative impact from provider tax cutsBy Bo Erickson, David Morgan and Andy Sulliva...
Fri, Jun 27
TREASURIES-Yields fall after data shows people staying longer out of work
By Tatiana Bautzer NEW YORK, June 26 (Reuters) - Yields on 2-year Treasury notes eased on Thursday morning after the Labor Department reported a slight fall in weekly jobless claims, but higher recurring claims indicated that more people are staying out of work for longer."You are starting to...
Thu, Jun 26
US STOCKS SNAPSHOT-S&P 500, Nasdaq open near record peak as Micron results boost chip stocks
June 26 (Reuters) - Wall Street's S&P 500 and Nasdaq indexes opened near a record high on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data.
Thu, Jun 26
H&M seeks to lure US shoppers as fast-fashion rivals hike prices due to tariffs
LONDON/STOCKHOLM, June 26 (Reuters) - H&M is trying to win shoppers from rivals in the United States by holding prices steady while Zara and Shein raise theirs, as U.S. tariffs disrupt the fast-fashion industry that relies on imports of low-cost clothes from China, Vietnam, and other Asian countries
Thu, Jun 26
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US first-quarter GDP revised lower on tepid consumer spending
WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs on imported goods.
Thu, Jun 26
H&M second-quarter profit beats expectations despite cautious consumers
H&M second-quarter profit beats expectationsShares jump 7.5%Sales up 3% at start of third quarterH&M CEO says consumers are 'cautious'By Greta Rosen Fondahn and Helen Reid STOCKHOLM, June 26 (Reuters) - Swedish fashion retailer H&M HMb.ST reported slightly stronger second-quar...
Thu, Jun 26
Gold rises as weaker dollar, Trump's criticism of Powell fuel uncertainty
June 26 (Reuters) - Gold edged higher on Thursday, supported by a weaker dollar and growing uncertainty after reports suggested U.S. President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September or October.
Thu, Jun 26
India's benchmarks on course for third day of gains; Reliance, financials rise
Nifty 50 .NSEI and Sensex .BSESN up 0.4%; heading for third consecutive session of gains. Weak U.S. dollar, Israel-Iran ceasefire relief drive investor optimism.
Thu, Jun 26
Nikkei rises to 5-month high as Middle East calm boosts tech shares
TOKYO, June 26 (Reuters) - Japan's Nikkei share average touched its highest in almost five months on Thursday, as a period of calm in the Middle East encouraged investors to buy back riskier assets, particularly chip and other high-tech shares.
Thu, Jun 26
Japan hits M&A record of $232 billion, driving Asia deals rebound
TOKYO/HONG KONG, June 26 (Reuters) - Japan is driving Asia's M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by multi-billion dollar take-private arrangements, outbound investments and private equity activity.
Thu, Jun 26
Super-long JGBs gain, shorter tenors weak as market adjusts to issuance plans
TOKYO, June 26 (Reuters) - The longest-dated Japanese government bonds gained on Thursday, pushing yields lower, while shorter-dated securities edged down as markets continued their adjustment to the finance ministry's revised issuance plans.
Thu, Jun 26
[Reuters Analysis] Will analysts break their 10-year streak on US soybean acres?
NAPERVILLE, Illinois, June 25 (Reuters) - The U.S. Department of Agriculture next Monday will publish one of its most important surveys of the year, which also happens to be among the more difficult to forecast.
Thu, Jun 26
Meta fends off authors' US copyright lawsuit over AI
June 25 (Reuters) - A federal judge ruled on Wednesday for Meta Platforms META.O against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights.
Thu, Jun 26
Middle East Crude-Oman and Dubai extend declines to near two-week low
SINGAPORE, June 25 (Reuters) - Middle East crude benchmarks Oman and Dubai extended declines to their lowest in nearly two weeks on Wednesday as previous supply fears fanned by Middle East tensions eased by some extent.
Wed, Jun 25
UK shares flat as investors weigh corporate earnings and middle east truce
June 25 (Reuters) - London's main stock indexes were mostly flat on Wednesday as investors digested a batch of corporate earnings and kept a cautious eye on the shaky truce between Israel and Iran. The blue-chip FTSE 100 .FTSE was flat by 1022 GMT, while the mid-cap FTSE 250 .FTMC added 0.1% and...
Wed, Jun 25
China, HK stocks rise as Middle East truce lifts sentiment
SHANGHAI, June 25 (Reuters) - Mainland China and Hong Kong stocks edged higher on Wednesday as global sentiment improved following a ceasefire between Israel and Iran, while some hopes for an earlier-than-expected rate cut from the Federal Reserve also lent support.
Wed, Jun 25
China's yuan hovers near one-month high on Mideast ceasefire optimism
HONG KONG, June 25 (Reuters) - China's yuan edged higher against the U.S. dollar on Wednesday, nearing its strongest level in a month, as a truce between Israel and Iran continued to lift market sentiment. The ceasefire brokered by U.S. President Donald Trump between Iran and Israel appeared to be..
Wed, Jun 25
Copper edges higher on softer dollar, tentative Middle East truce
SINGAPORE, June 25 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange edged higher on Wednesday, supported by a softer dollar and improved risk sentiment amid a tentative ceasefire between Iran and Israel.
Wed, Jun 25
