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GLOBAL MARKETS-Stocks climb, dollar dips with US-China trade talks eyed
NEW YORK, June 9 (Reuters) - Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest economies.Reuters
Tue, Jun 10
Nvidia CEO says UK needs computing power to develop AI
LONDON, June 9 (Reuters) - Britain lacks the computing infrastructure to deliver the full potential of its leading artificial intelligence research base, Nvidia's NVDA.O CEO said on Monday, as the UK partners with the U.S. chipmaker for a new AI testing environment.
Reuters
Mon, Jun 9
China Approves Certain Export License Applications, Global Rare Earth Stocks Surge
TradingKey - On the evening of Saturday, June 7, China's Ministry of Commerce announced that it has approved a certain number of rare earth export applications in compliance with the law. This news sparked a significant rally in related stocks on Monday.TradingKey
Mon, Jun 9
Term Premium Soars to 11-Year High! Bond Traders Brace for US Treasury Auction This Week
TradingKey - The recent performance of U.S. Treasury auctions has consistently fallen short of market expectations. Data from the New York Federal Reserve shows that the term premium on 10-year Treasuries is now at an 11-year high.TradingKey
Mon, Jun 9
Meta Commits Billions to Scale AI Partnership, $10Billion Funding Could Be Largest Ever External AI Investment！
TradingKey - According to the latest reports from Bloomberg, Meta Platforms, the parent company of the globally renowned social media platform Facebook, is in talks for an investment of several billion dollars with AI startup Scale AI. This financing could exceed $10 billion, potentially making it..
TradingKey
Mon, Jun 9
Apple WWDC 2025 May Face Doldrums: "Apple Intelligence" Delay, Siri Struggles Stall AI Push; Shares Slide 18% in 2025
TradingKey - The WWDC 2025, which kicks off on June 9, Eastern Time, may become one of Apple’s (NASDAQ: AAPL) most disappointing developer conferences in recent years. Recent reports indicate that the rollout of Apple’s core AI feature, "Apple Intelligence," has been delayed. While upgrading Siri...
TradingKey
Mon, Jun 9
AI Becomes Artificial Stupidity? Apple AI Research: Reasoning Models Overthink Simple Questions and Collapse on Complex Ones
TradingKey - As concerns grow over whether Apple (AAPL), the iPhone maker, is falling behind in the global race for artificial intelligence, a recent research paper from Apple has exposed what it calls the “illusion of intelligence” in today’s popular large reasoning models (LRMs).
TradingKey
Mon, Jun 9
How Will the Trump-Musk Feud Affect Tesla? Short-Term Pain, Long-Term Still Gains?
TradingKey - Although the so-called “Trump-Musk alliance” has largely collapsed, Wall Street analysts believe the fallout will mainly hurt Tesla’s electric vehicle sales in the short term. In the long run, however, Tesla still holds many strong, non-political cards that can sustain its growth...
TradingKey
Mon, Jun 9
UK financial regulator partners with Nvidia in AI 'sandbox'
LONDON, June 9 - Financial firms in Britain will be able to test artificial intelligence tools later this year in a regulatory "sandbox" launched on Monday by the country's financial watchdog, part of a broader government strategy to support innovation and economic growth.Reuters
Mon, Jun 9
A Major Test for Long-Dated Bonds – The 30-Year U.S. Treasury Auction, Analysts Say “Watch and Wait”
TradingKey - As global long-term bond markets remain turbulent due to concerns over soaring government deficits, this week’s $22 billion auction of 30-year U.S. Treasury bonds has drawn intense attention from Wall Street.TradingKey
Mon, Jun 9
South Korea President Lee, Japan PM Ishiba agree to strengthen ties
SEOUL, June 9 (Reuters) - South Korea's newly-elected President Lee Jae-myung and Japanese Prime Minister Shigeru Ishiba agreed during a telephone call to strengthen bilateral ties, a South Korean presidential spokesperson and Japan's foreign ministry said on Monday.Reuters
Mon, Jun 9
Japan's Nikkei jumps as chip stocks rally ahead of Sino-US talks
TOKYO, June 9 (Reuters) - Japan's Nikkei share average advanced 1% on Monday ahead of trade talks between the U.S. and China in London later in the day, with investors watching for any easing of restrictions over semiconductor shipments.Reuters
Mon, Jun 9
China’s May CPI Flat at -0.1%, PPI Deflation Accelerates as Auto Price Wars Intensify Factory Pressures
TradingKey - Weighed down by domestic manufacturers’ price wars, uncertainty from the U.S.-China tariff conflict, and weak domestic consumption, China’s May Consumer Price Index (CPI) and Producer Price Index (PPI) both continued to decline, with the PPI now in deflation for a 32nd consecutive month
TradingKey
Mon, Jun 9
First Meeting of China-U.S. Economic and Trade Consultation Mechanism – What’s on the Agenda Beyond Tariffs?
TradingKey - Following a phone call between Chinese President Xi Jinping and U.S. President Donald Trump — their first in nearly six months — China and the U.S. are set to hold the inaugural meeting of their economic and trade consultation mechanism in the UK. While tariff reductions remain a key...TradingKey
Mon, Jun 9
Japan's Q1 GDP Confirmed to Have Contracted, Focus Turns to Japan-U.S. Talks for Prospects of BOJ Rate Hikes
TradingKey - Benefiting from improved consumption, the revised contraction for Japan's Q1 GDP in fiscal 2025 was less severe than initially estimated. Nevertheless, Japan's economy still shrank, adding uncertainty to the Bank of Japan's (BOJ) prospects for rate hikes. Ongoing trade negotiations...
TradingKey
Mon, Jun 9
