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S&P 500: Tech-led correction after chip rout – Deutsche Bank
Deutsche Bank Research reports that the S&P 500 and Nasdaq fell last week in a global tech sell-off, with the Magnificent 7 entering correction territory. Chipmakers led the weakness as the Philly Semiconductor Index slumped despite Micron’s revenue beat.
Fxstreet
Mon, Jun 29
RBA’s Kent says central bank will be better prepared to handle next crisis
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said during a review of alternative monetary policy tools that the central bank will be better prepared to respond to the next crisis it faces, Bloomberg reported on Monday.Fxstreet
Mon, Jun 29
Iran insists on control of Hormuz amid reports of US talks
Iran’s Foreign Minister Abbas Araghchi said that responsibility for the Strait of Hormuz lies solely with Tehran and warned that any attempt to bypass its preferred route in the waterway will cause “tension and escalation,” Aljazeera reported on Monday.
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