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Iran's army says war may spread to new arenas
According to an Iranian army spokesperson, the United States (US) continues to attack several areas, while warning that the war will spread to new arenas, the Islamic Republic News Agency (IRNA) reported. The spokesperson also said that Tehran has no confrontation with neighboring states.Fxstreet
Thu, Jul 16
Equities: Softer US inflation lifts stocks near records – Deutsche Bank
Deutsche Bank notes that softer US producer inflation prompted a dovish Fed repricing, supporting the S&P 500 near record highs. Strong BlackRock earnings and an Apple-led mega-cap rally offset semiconductor weakness, while Asian markets declined as chip stocks extended their sell-off.Fxstreet
Thu, Jul 16
Asian stocks lean lower due to tech sell-off, rising US-Iran tensions
Asian stocks face downward pressure on Thursday, delivering mixed results as a renewed sell-off in semiconductor shares dragged down the tech sector. The retreat stems from persistent investor skepticism over whether the artificial intelligence rally can sustain its current valuations.Fxstreet
Thu, Jul 16
Indonesian Rupiah weakens as higher oil import costs stretch the trade balance
USD/IDR gains ground after two days of losses, trading around 18,100 during the Asian hours on Thursday. The pair holds ground as the Indonesian Rupiah (IDR) faces downward pressure as surging oil import costs stretch the nation's trade balance and stoke inflation.Fxstreet
Thu, Jul 16
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