News
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Pound Sterling gains as UK monthly Retail Sales beat estimates
The Pound Sterling (GBP) attracts bids against its peers on Friday after the release of the upbeat United Kingdom (UK) Retail Sales data for July. The Office for National Statistics (ONS) reported that Retail Sales, a key measure of consumer spending, surprisingly grew at a faster pace of 0.6% on a
Fxstreet
Fri, Sep 5
Lululemon’s Third Straight Miss: Blaming Tariffs, But the Real Problem Is Fading Brand Power
TradingKey - Athleisure brand Lululemon Athletica released its Q2 2025 earnings after the market close on Thursday. Despite beating earnings-per-share expectations, disappointing results once again shattered investor confidence — including tariff risks, weakening U.S. consumer appeal, and
TradingKey
Fri, Sep 5
JGBs track US bonds higher; market cautious about super-long yields
TOKYO, Sept 5 (Reuters) - Japanese government bonds rose on Friday, tracking the climb in U.S. Treasury bonds following bets of a Federal Reserve rate cut in September, but the market remained cautious about domestic super-long bond yields.Reuters
Fri, Sep 5
Asian stocks track Wall Street higher, bond yields ease before US payrolls
U.S. stock futures point higher after S&P 500 notches record closeTreasury yields edge to four-month lows in Tokyo as traders lock in September Fed cut betsCrude oil slips for a third day as investors looks to weekend's OPEC+ meetingBy Kevin Buckland TOKYO, Sept 5 (Reuters) - Asian stocks...Reuters
Fri, Sep 5
UK retail sales up a higher-than-expected 0.6% in July
LONDON, Sept 5 (Reuters) - British retail sales volumes rose by a higher-than-expected 0.6% in July, leaving them up 1.1% on the year, official figures showed on Friday.Economists polled by Reuters had forecast a 0.2% monthly rise in sales volumes and a 1.3% increase compared with a year earlier.TheReuters
Fri, Sep 5
EUR/GBP faces headwinds near 0.8650 following UK Retail Sales, Eurozone GDP eyed
EUR/GBP continues its losing streak for the third successive session, trading around 0.8670 during the Asian hours on Friday. The currency cross faces some headwinds after the release of mixed Retail Sales data from the United Kingdom (UK). Focus shifts toward the Eurozone Gross Domestic Product (GD
Fxstreet
Fri, Sep 5
Trump signs order to bring lower Japanese auto tariffs into effect
Order cuts US tariffs on Japanese cars to 15% from 27.5%Order reiterates Japan will invest $550 billion in US projectsTrump says Japan pledges to buy more rice, other agricultural productsBy Andrea Shalal, David Shepardson and Tamiyuki Kihara WASHINGTON/TOKYO, Sept 4 (Reuters) - U.S. President D...Reuters
Fri, Sep 5
Broadcom Soars 6% After Hours — OpenAI’s $10 Billion Order Finally Revealed
TradingKey - Semiconductor giant Broadcom (AVGO.US) surged nearly 6% in after-hours trading on Thursday, extending its strong year-to-date performance. The rally followed a better-than-expected earnings report and the revelation of a major new customer: OpenAI, the developer of ChatGPT.
TradingKey
Fri, Sep 5
China stocks set for biggest weekly pullback in five months
By Jiaxing Li HONG KONG, Sept 5 (Reuters) - China's stocks steadied on Friday after steep losses in the previous session, but remained on course for their biggest weekly falls in five months as market participants took profits following a two-month rally.The Shanghai Composite Index .SSEC los...Reuters
Fri, Sep 5
Japanese Yen rises on strong data, USD pressured by Fed rate cut bets ahead of US NFP
The Japanese Yen (JPY) strengthened against its American counterpart during the Asian session on Friday in response to upbeat domestic data, which showed that real wages turned positive for the first time in seven months.
Fxstreet
Fri, Sep 5
Lululemon cuts forecasts, blames tariffs and product issues
Shares down 15% in extended tradeThe company sees a $240 million tariff impact on annual gross profitAnnual outlook includes impacts of higher tariffs, removal of de minimisQ2 revenue in line with expectations, profit beatStrong international sales overshadowed by US weaknessBy Neil J Kanatt SeptReuters
Fri, Sep 5
Broadcom sees strong AI growth for fiscal 2026 on new customer addition
By Zaheer Kachwala Sept 4 (Reuters) - Broadcom AVGO.O expects artificial intelligence revenue growth for fiscal 2026 to "improve significantly", after securing more than $10 billion in AI infrastructure orders from a new customer, CEO Hock Tan said on Thursday.Tan, who was 73 as of Broadc...Reuters
Fri, Sep 5
Trump to host tech CEOs for first event in newly renovated Rose Garden
By Jarrett RenshawSept 3 (Reuters) - U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, according to a White House official. The guests include Meta META.O founder Mark Zuckerberg, Apple AReuters
Fri, Sep 5
Fed nominee Miran tells Senate panel he's 'not at all' Trump's puppet
Fed next meets to set policy September 16-17Miran if confirmed would serve at Fed through January 31'Are you a Donald Trump puppet?' Miran is asked by Republican KennedyTrump has made 'excellent calls' on policy, Miran saysBy Ann Saphir and Bo Erickson Sept 4 (Reuters) - Stephen M...Reuters
Fri, Sep 5
Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike
US crude stocks rose unexpectedly last week, EIA and API dataOPEC+ to consider raising oil production further, sources sayOPEC+ meeting set for SundayUS economic data suggests potential Fed interest rate cutBy Scott DiSavino NEW YORK, Sept 4 (Reuters) - Oil prices eased about 1% to a two-week low...Reuters
Thu, Sep 4
The “Fed Independence Trade” Is Heating Up — Goldman and JPMorgan Offer an Investment Guide
TradingKey - The global selloff in long-term bonds has ignited the so-called “Fed independence trade,” with JPMorgan analyzing asset performance for clues, and Goldman Sachs forecasting gold prices could reach $5,000 per ounce.
TradingKey
Thu, Sep 4
