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RPT-COLUMN-Dollar exit could be crowded for some time: Mike Dolan
By Mike DolanLONDON, June 18 (Reuters) - It's tempting to think the dollar's precipitous decline this year will soon taper off, but the move appears neither especially speculative nor cyclical and a durable turnaround could be years away.The dollar index's .DXY near 10% decline so far th...Reuters
Wed, Jun 18
Reddit Launches AI-Powered Ad Tools; Shares Surge 15% Intraday
TradingKey - On Tuesday, Eastern Time, social media company Reddit (RDDT) saw its stock price surge by as much as 15% during trading, closing with an approximate gain of 6%, marking its highest price in nearly three months. This significant fluctuation stemmed from the company’s announcement that...
TradingKey
Wed, Jun 18
Is Trump Destroying the EV Market? Bloomberg Report Says U.S. Electric Vehicle Adoption to Lag Global in the Long Term
TradingKey - U.S. President Donald Trump’s preference for traditional energy industries and ambivalent stance toward new energy sectors — including electric vehicles (EVs) — is evident. His administration's policies, such as the rollback of EV subsidies and weakening of state-level emissions ...
How to Price the Risk of the Potential Strait of Hormuz Closure? Oil Rises 10%, Tanker Rates Surge 40%!
TradingKey - While crude oil prices have risen around 10% since Israel's airstrikes on Iran last Friday, market concerns over the risk of a Strait of Hormuz closure are even greater — and tanker markets are pricing in far more extreme scenarios than oil futures.
TradingKey
Wed, Jun 18
Japan's exports post first drop in 8 months as US tariffs hit auto firms
May exports -1.7% yr/yr vs forecast -3.8%Imports fall 7.7% yr/yr in MayJapan scrambling to get exemptions from US auto tariffsIshiba says some disagreements persist between Japan and USBy Makiko Yamazaki and Tim Kelly TOKYO, June 18 (Reuters) - Japan's exports fell in May for the first time i...Reuters
Wed, Jun 18
Nikkei hits four-month high on weaker yen, defying geopolitical risks
SINGAPORE, June 18 (Reuters) - Japan's Nikkei share average touched a four-month high on Wednesday, boosted by a weaker yen even as investors kept a wary eye on the rapidly escalating conflict between Israel and Iran.Reuters
Wed, Jun 18
PRECIOUS-Gold subdued as investors stay on sidelines ahead of Fed decision
June 18 (Reuters) - Gold prices inched lower in choppy trade on Wednesday, as investors held back from placing large bets ahead of the U.S. Federal Reserve's policy decision, while also keeping a close watch on the developments surrounding the Israel-Iran conflict.
Reuters
Wed, Jun 18
Wells Fargo Remains Fully Bearish on Tesla – Free Cash Flow to Turn Negative in 2025, Even Robotaxi Won’t Help
TradingKey - After rallying nearly 50% from its late-April lows, Tesla’s stock has recently shown signs of weakness ahead of its Robotaxi event on June 22. Wells Fargo analyst Colin Langan has reiterated his underweight rating on the stock, warning that a combination of weaker deliveries, decliningTradingKey
Wed, Jun 18
Goldman Sachs leveraging revamp to boost Asia investment banking share, says regional top banker
HONG KONG, June 18 (Reuters) - Goldman Sachs GS.N will leverage a major revamp in Asia to capture a larger share of the investment banking market and capitalize on "strong tailwinds", the Wall Street bank's newly appointed regional investment banking chief told Reuters.
Reuters
Wed, Jun 18
JGBs gain on Middle East tensions, cautious BOJ stance
TOKYO, June 18 (Reuters) - Japanese government bonds gained on Wednesday, tracking a rally for U.S. Treasuries overnight, as escalating tensions in the Middle East boosted demand for safe-haven assets. The 10-year JGB yield JP10YTN=JBTC was down 2 basis points (bps) at 1.455%, as of 0413 GMT...
Reuters
Wed, Jun 18
De-Dollarization Accelerates at Record Pace – WGC Survey: Central Banks Buy Gold, Reduce Dollar Reserves
TradingKey - Despite gold prices nearly doubling since the outbreak of the Russia-Ukraine conflict in 2022 — and amid JPMorgan’s forecast of a pause in Chinese central bank purchases and Citi’s bearish outlook on gold — the World Gold Council (WGC) has released new survey results showing that globalTradingKey
Wed, Jun 18
GLOBAL MARKETS-Nervy markets await Fed as Mideast conflict rages on
SINGAPORE, June 18 (Reuters) - Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of U.S. Treasuries and the dollar while dumping stocks.Reuters
Wed, Jun 18
Japan PM Ishiba says disagreements remain with U.S. on tariff talks
KANANASKIS, Alberta, June 17 (Reuters) - Japan's Prime Minister Shigeru Ishiba said his country has not reached a comprehensive tariff agreement with the United States as some disagreements persist between the two nations.Reuters
Wed, Jun 18
US STOCKS-Indexes fall as conflict between Israel and Iran intensifies
NEW YORK, June 17 (Reuters) - U.S. stocks were lower on Tuesday, with indexes adding to losses in afternoon trading as the Israel-Iran conflict raged on for a fifth day, with the U.S. military moving fighter jets to the Middle East.Reuters
Wed, Jun 18
US dollar advances broadly as Mideast tension rises
NEW YORK, June 17 (Reuters) - The U.S. dollar advanced against major currencies on Tuesday, including the euro and the yen, as softer U.S. economic data and geopolitical tensions in the Middle East following an Israeli attack on Iran kept investors on edge ahead of the Federal Reserve's decision...Reuters
Wed, Jun 18
Meta to sell Oakley smart glasses, shares above session lows
Shares of Meta Platforms Inc META.O fall 0.5%, just above session lows, after a report the social media platform and EssilorLuxottica ESLX.PA plan to launch smart glasses under Oakley and Prada brands. CNBC reported META's plan to sell AI-powered glasses from Oakley and Prada will build on s...
Reuters
Wed, Jun 18
Trump to extend TikTok sale deadline for third time, White House says
WASHINGTON, June 17 (Reuters) - U.S. President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok for 90 days despite a law that mandated a sale or shutdown absent significant progress, the White House said on Tuesday.Reuters
Wed, Jun 18
