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DeepSeek faces ban from Apple, Google app stores in Germany
Germany says DeepSeek illegally transfers user data to ChinaApple and Google must now review Germany's requestItaly blocked DeepSeek app earlier this year By Hakan Ersen and Miranda Murray FRANKFURT, June 27 (Reuters) - Germany's data protection commissioner has asked Apple AAPL.O and Goo...Reuters
Fri, Jun 27
Nike rallies on efforts to tackle tariff costs as turnaround takes shape
By Juveria Tabassum, Helen Reid and Joel Jose June 27 (Reuters) - Nike NKE.N shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China production for U.S.-bound goods bolstered investor confidence.Major brands have spent years shiftin...Reuters
Fri, Jun 27
US says deal with Beijing will expedite rare earth exports from China
China had committed to removing non-tariff countermeasures in May talksChina's dual-use restrictions slow rare earth licensing processTrump says there might be a separate deal with IndiaBy Nandita Bose and David Lawder WASHINGTON, June 27 (Reuters) - The United States and China have resolved ...Reuters
Fri, Jun 27
TREASURIES-US yields retreat from day's highs after weak spending data
NEW YORK, June 27 (Reuters) - U.S. Treasury yields came off session highs on Friday, but remained marginally up on the day, after data showed consumer spending declined unexpectedly in May even though inflation remained tepid, as markets started pricing in a quicker pace of Federal Reserve easing...Reuters
Fri, Jun 27
Nasdaq hits record high, on track for a new bull market
June 27 (Reuters) - The Nasdaq hit a record high on Friday, as investors piled into technology companies on optimism around artificial intelligence and the prospect for looser monetary policy, putting the index on track to confirm a bull market.The tech-heavy index .IXIC was last up 0.4% at 20,243..Reuters
Fri, Jun 27
Wall Street futures higher but consumer spending raises some eyebrows
Wall Street equity indexes were higher on Friday although they pared gains along with Treasury yields after the morning's crop of economic data releases. U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded but..Reuters
Fri, Jun 27
Focus Shifts from Tariffs to Tax Cuts and Rate Easing – BofA Warns of Policy-Driven Bubble, AI Remains a Bright Spot
TradingKey - The easing of trade war tensions and reduced geopolitical risks have supported bullish sentiment in U.S. equities, with the S&P 500 nearing all-time highs. As policy focus shifts from tariffs to tax cuts and potential interest rate cuts, U.S. equity analysts at Bank of America warn that
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Fri, Jun 27
U.S. Stock Short-Squeeze Slowing Down? Investors Rush Into High-Beta Stocks While UBS & Goldman Issue Sell Calls
TradingKey - With the tariff negotiation deadline approaching, and amid worsening GDP and consumer data, U.S. stocks are surprisingly nearing record highs — making this short-squeeze rally seem somewhat “strange.” Wall Street analysts are urgently warning investors to consider trimming positions.TradingKey
Fri, Jun 27
Platinum's Epic Breakout: Who's Fueling the Forgotten Metal to 10-Year High?
TradingKey - As of 5 PM Beijing time on June 27, spot platinum prices reached a daily high of $1,435.60 per ounce, once again surpassing the historical highs seen in the past ten years. The price has surged over 52% year-to-date, outperforming other major precious metals such as gold (up over 27%),TradingKey
Fri, Jun 27
Nike Stock Up 10% Despite 12% Sales Drop: How "Worst Quarter" Won Market Faith
TradingKey - On June 26, global leading sports brand Nike Inc. (NKE) released its financial reports for the fourth quarter and the full fiscal year 2025. Although revenue declined in the last quarter, it still exceeded market expectations, and Nike forecasted that it had passed its operational low..
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Fri, Jun 27
Federal Reserve Members Align: No Rate Cut in July as “Wait-and-See” Approach Gains Traction
TradingKey - On Thursday Eastern Time, several Federal Reserve officials delivered remarks clarifying their stance against supporting a rate cut at the next meeting, opting instead for a cautious approach to ensure that tariff policies do not continue to elevate inflation.TradingKey
Fri, Jun 27
Trump’s "899 Revenge Tax" Backs Down – Australian Funds Reconsider Dollar Asset Strategies
TradingKey - Due to deteriorating U.S. fiscal prospects and the so-called Section 899 capital tax proposed under Trump’s tax bill, several major Australian fund managers had begun considering reducing their exposure to U.S. dollar assets. However, this sentiment started to shift within a week afterTradingKey
Fri, Jun 27
Bank of Japan Mimics the “Fed Speak”, Flagging “Underlying Inflation” Risks
TradingKey - Much like Federal Reserve Chair Jerome Powell, officials at the Bank of Japan (BOJ) have taken an ambiguous stance on further monetary policy adjustments. Despite meeting the prerequisite for rate hikes — inflation above the 2% target — the BOJ has maintained a relatively dovish ...
Bumper orders for Xiaomi's new SUV heighten threat to Tesla
YU7 is only Xiaomi's second car, priced 4% lower than Tesla's Model YTesla expected to lose market share, may need to cut prices to fight backXiaomi's shares, on a tear this year, hit record high By Brenda Goh, Qiaoyi Li and Che PanSHANGHAI/BEIJING, June 27 (Reuters) - Exceptionally str...Reuters
Fri, Jun 27
U.S. Q1 Stagflation Confirmed – Could Q2 GDP Growth Rebound Above 3%?
TradingKey - Newly released data from the U.S. Department of Commerce shows that the U.S. economy unexpectedly contracted in the first quarter of 2025, reversing a three-year growth trend. Combined with upward revisions to inflation indicators, this confirms that the U.S. economy entered a ...TradingKey
Fri, Jun 27
Tesla Rises — Then Falls Back: Wall Street Loves the Robotaxi Story, But Fundamentals Tell Another Tale
TradingKey - Tesla’s rally may have been short-lived — after its much-anticipated Robotaxi event in Austin last weekend, shares surged 8.23% on Monday , reaching a new three-week high and drawing strong positive sentiment from Wall Street.TradingKey
Fri, Jun 27
German long-term yields set for biggest weekly rise in four months amid fiscal spending boost
June 27 (Reuters) - German 30-year government bond yields were on track for their biggest weekly increase in nearly four months after rising this week on expectations of increased borrowing by Germany's government.Reuters
Fri, Jun 27
Japan private-sector rice imports soar in May
TOKYO, June 27 (Reuters) - Japan's private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache for both consumers and policymakers.Some 10,600 metric tons of so-called staple rice - which is consumed at meals as opposed to ri...Reuters
Fri, Jun 27
Bakkt Plans $1 Billion Crypto Buying Spree — Can the Stock Stage a Comeback?
Bakkt Holdings (NYSE: BKKT) is making headlines with a bold plan to raise $1 billion to purchase Bitcoin (BTC), Ethereum (ETH) , and other major digital assets. The move could mark a turning point for the company’s struggling stock.
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Fri, Jun 27
