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Japan core inflation hits 2-year high, keeps rate-hike bets alive
May core CPI rises 3.7% yr/yr vs forecast +3.6%Index excluding fresh food, fuel up 3.3% yr/yr in MayBoard divided on inflation outlook, some see risk of overshootBOJ report says slow rate hike could cause wage-price spiralGovernor Ueda reiterates BOJ's resolve to keep raising ratesBy Leika Kihar...Reuters
Fri, Jun 20
Retail Sales Plunge Unexpectedly — UK Economy Off to a Weak Start in Q2
TradingKey – Data released by the UK Office for National Statistics on Friday showed a sharp decline in retail sales. UK retail sales fell 2.7% month-on-month in May , far exceeding the market expectation of a modest -0.5% drop , and marking the biggest decline since December 2023.
TradingKey
Fri, Jun 20
Morgan Stanley Updates "Humanoid 100" List – Game and Cybersecurity Firms Emerge as New Players
TradingKey - In its recent update to the "Humanoid 100" stock list, Morgan Stanley analysts have expanded the humanoid robot supply chain beyond traditional chipmakers and tech firms to include game developers and cybersecurity companies, which are expected to play key roles in data training and AI
SoftBank's Son pitches $1 trillion Arizona AI hub, Bloomberg News reports
June 20 (Reuters) - SoftBank Group 9984.T founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter.Son is seeking to team up with Taiwan Sem...Reuters
Fri, Jun 20
Is a RMB-Pegged Stablecoin on the Horizon? Hong Kong Treasury Chief Says It’s Possible
Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, has suggested that a stablecoin pegged to the Chinese yuan (RMB) is not off the table — provided it aligns with national policy.TradingKey
Fri, Jun 20
Russia says any use of tactical nuclear weapons by US in Iran would be catastrophic, TASS reports
MOSCOW, June 20 (Reuters) - Potential use of tactical nuclear weapons by the United States in Iran would be a catastrophic development, Russian state news agency TASS quoted Kremlin spokesman Dmitry Peskov as saying on Friday.Reuters
Fri, Jun 20
China Holds June LPR Rates Steady – Trade War De-Escalation Leads to More Cautious Monetary Easing Outlook
TradingKey - On Friday, June 20, China released its June Loan Prime Rate (LPR) decision, with the one-year LPR rate held steady at 3.0%, and the five-year or longer LPR also unchanged at 3.5%, in line with market expectations.
TradingKey
Fri, Jun 20
Europe Returns to the Era of Zero Interest Rates! Swiss National Bank Warns of Intervention Against Strong Franc
TradingKey - While major central banks around the world remain hesitant about further rate cuts, the Swiss National Bank (SNB) has cut interest rates for the sixth consecutive meeting, pressured by deteriorating economic outlook and an abnormally strong Swiss franc. Its latest rate decision has ...
TradingKey
Fri, Jun 20
JGBs trade in tight range amid strong price data, firm BOJ bond buying operation
TOKYO, June 20 (Reuters) - Japanese government bonds moved in a narrow range on Friday as investors weighed strong price data in Tokyo, while a solid outcome of the Bank of Japan's bond buying operation supported sentiment.Reuters
Fri, Jun 20
Slow rate hikes could cause wage-price spiral, BOJ paper says
TOKYO, June 20 (Reuters) - Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said in a research paper released this week.Reuters
Fri, Jun 20
US Dollar Index edges lower to near 98.50, awaits Fed's Monetary Policy Report
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading lower at around 98.70 at the time of writing. Traders will likely gauge the Fed's Monetary Policy Report, scheduled for release oFxstreet
Fri, Jun 20
South Korea's short-selling accessibility has improved, MSCI says
MSCI classification review due next week South Korea unlikely to get an upgrade this time - analyst MSCI says restrictions for foreign investors in Argentina still in placeGreece improvements cited by MSCI, setting stage for an upgrade SINGAPORE, June 19 (Reuters) - South Korea's stock market...Reuters
Fri, Jun 20
INDIA STOCKS-Indian markets set for muted open as Middle East tensions spur caution
June 20 (Reuters) - India's equity benchmarks are poised for a subdued start on Friday, in line with broader Asian markets, as escalating tensions between Israel and Iran continue to rattle global investor sentiment.Reuters
Fri, Jun 20
GLOBAL MARKETS-Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran
SYDNEY, June 20 (Reuters) - Share markets in Asia struggled for direction on Friday as fears of a potential U.S. attack on Iran hung over markets, while oil prices were poised to rise for a third straight week on the escalating Israel-Iran conflict.Reuters
Fri, Jun 20
Dogecoin (DOGE) Slips as Meme Coins Tumble, While Mutuum Finance (MUTM) Looks Set to 20x
Dogecoin (DOGE) is currently trading at about $0.17, reflecting ongoing weakness in the broader meme-coin sector amid geopolitical and regulatory headwinds. Over the past week, Dogecoin has dropped 12%, with a sharp 6% decline in just 24 hours as U.S. regulators delayed altcoin ETF approvals and geo
Cryptopolitan
Fri, Jun 20
European shares dive as Mideast tensions, US involvement fears weigh
June 19 (Reuters) - European shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential U.S. involvement rattled investors.The pan-European STOXX 600 .STOXX closed down for the third consecutive day with a 0.8% drop to its lowest level since...Reuters
Fri, Jun 20
London stocks fall as BoE keeps rates on hold; Middle East tensions persist
June 19 (Reuters) - London stocks dropped to an over two-week low on Thursday as the Bank of England left borrowing costs unchanged, while the raging conflict in the Middle East kept risk-taking in check.The benchmark FTSE 100 .FTSE closed down 0.6%, with a stronger pound GBP= adding additional...Reuters
Fri, Jun 20
SpaceX Starship rocket explodes in setback to Musk's Mars mission
June 19 (Reuters) - SpaceX's massive Starship spacecraft exploded into a dramatic fireball during testing in Texas late on Wednesday, the latest in a series of setbacks for billionaire Elon Musk’s Mars rocket program.Reuters
Fri, Jun 20
