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US producer prices rebound less than expected in May
WASHINGTON, June 12 (Reuters) - U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statis...Reuters
Thu, Jun 12
Jensen Huang Bullish on Quantum Computing! Remark Triggers Surge in Quantum Concept Stocks
TradingKey – On Wednesday, Nvidia CEO Jensen Huang shifted from his previously cautious stance on quantum computing, declaring that "quantum computing is at a turning point." This statement catalyzed a surge in related stocks.
TradingKey
Thu, Jun 12
Interest on Debt Tops $92 Billion in May, Expanding Deficit; Can Strong 10-Year Auction Rescue the Market?
TradingKey - On Wednesday, the US Treasury reported that the federal budget deficit expanded to $316 billion in May, with the year-to-date cumulative deficit reaching $1.36 trillion. For the third consecutive year, the fiscal deficit as a percentage of GDP has exceeded 6%, with the total debt soarinTradingKey
Thu, Jun 12
Oracle Smashes Q4 Views with $15.9B Revenue; Stock Soars 8% After-Hours as Cloud Giant Targets Data Center Dominance
TradingKey - Oracle (ORCL) saw its stock price soar about 8% in after-hours trading on Wednesday, primarily due to its fourth-quarter earnings that exceeded expectations and indicated accelerating growth in its cloud computing business.
TradingKey
Thu, Jun 12
Today’s Market Environment Resembles Pre-Financial Crisis Times – Gundlach Warns of U.S. Treasury Market Reckoning
While U.S. Treasury Secretary Scott Bessent strongly defended Trump administration policies, claiming that the Treasury market has remained stable, DoubleLine Capital’s Jeffrey Gundlach warned of an imminent reckoning in the bond market. He suggested that long-term Treasury yields could rise to 6%.TradingKey
Thu, Jun 12
GME to Spend $1.75 Billion on Bitcoin? MicroStrategy 2.0 or a Market Joke?
TradingKey - On May 11 (Eastern Time), GameStop announced plans to raise $1.75 billion through a private placement of convertible senior notes, sparking speculation that the company might once again be preparing to invest in Bitcoin.
TradingKey
Thu, Jun 12
Alibaba-Linked Stocks Surge in Hong Kong—But Alibaba Itself Remains Weak
TkradingKey - During midday trading on Monday, rumors spread that Ant Group plans to apply for stablecoin licenses in both Hong Kong and Singapore. In response, Ant Group stated it will submit applications as soon as the relevant regulatory channels are open.
TradingKey
Thu, Jun 12
Deutsche Bank's deal-making business weaker than expected, CEO says
CEO: deals delayed, but not cancelledOther banks have also warned of weaker deal-makingDeal slowdown is in wake of U.S. tariff policiesBy Tom Sims and Matthias Inverardi FRANKFURT, June 12 (Reuters) - Deutsche Bank's DBKGn.DE origination and advisory business is not as strong as the German ba...Reuters
Thu, Jun 12
Bitcoin Traders Stay Defensive Near Highs as Ethereum Leverage Climbs
Bitcoin has regained ground following last week’s decline triggered by a brief political controversy, recovering to around $110,000. Despite the rebound, many traders remain hesitant, showing caution even as the asset trades within 2% of its all-time high.Bitcoinist
Thu, Jun 12
Banking Giants Rush into the Stablecoin Market! Coinbase: 2025 Will Be a Breakthrough Year for Stablecoins
Major financial institutions, including Bank of America and U.S. Bancorp, are entering the stablecoin market, with Coinbase emphasizing that stablecoins are becoming a core driver of the financial industry.
TradingKey
Thu, Jun 12
Trump Sets Two-Week Deadline for Tariffs – Market Uncertainty Weighs on U.S. Futures, Yen and Euro Rise
TradingKey - Just days after a temporary easing of U.S.-China trade tensions, U.S. President Trump once again issued tariff threats against the global economy. Trump said Wednesday (June 11) in Washington that he would send letters to countries within one-and-a-half to two weeks outlining unilateral
Super-long JGB yields rise after weak auction, reversing earlier declines
TOKYO, June 12 (Reuters) - Long-dated Japanese government bond yields rose briefly on Thursday, reversing earlier declines, following weak demand at a government auction of the debt. The Ministry of Finance received bids worth 897.8 billion yen ($6.24 billion) and sold 449.8 billion yen...Reuters
Thu, Jun 12
China markets flat, Hong Kong dips as initial trade optimism wanes
HONG KONG, June 12 (Reuters) - Chinese stocks steadied after an initial fall and Hong Kong shares were trading lower on Thursday, led by declines in the tech sector, as markets struggled to sustain positive momentum from Sino-U.S. trade talks that provided few concrete details.
Asian currencies strengthen on signs of easing trade tensions
June 12 (Reuters) - Emerging Asian currencies strengthened on Thursday as the dollar weakened following a softer U.S. inflation report, while the U.S.-China trade truce and signs that President Donald Trump may adopt a milder stance in tariff talks also supported risk sentiment.Reuters
Thu, Jun 12
Oklo’s Stock Soars 29.5%! Nuclear Energy Upstart Secures US Air Force Base Contract
TradingKey - Shares of American micro-nuclear energy developer Oklo (NYSE: OKLO) surged 29.48% on Wednesday, reaching an all-time high of $68.91 during trading. This spike was primarily due to Oklo announcing that it has preliminarily secured a key contract to provide nuclear energy services for...
TradingKey
Thu, Jun 12
U.S. CPI Falls Short of Expectations for Fourth Month – Why Isn’t Trump Tariffs’ Inflationary Impact Showing?
TradingKey - Contrary to widespread concerns that Trump tariffs would push inflation higher, the U.S. May CPI report revealed a surprisingly mild inflation reading, marking the fourth consecutive month of below- or in-line-with-expectations data — prompting analysts to reassess the true impact of...TradingKey
Thu, Jun 12
US Dollar Index falls below 98.50 as softer inflation data boost odds of Fed rate cuts
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 98.40 during the Asian hours on Thursday.Fxstreet
Thu, Jun 12
REFILE-WRAPUP 4-US consumer prices rise moderately; tariffs expected to fan inflation
Consumer price index increases 0.1% in MayFoods prices rise 0.3%; but eggs a bit cheaperCPI advances 2.4% year-on-yearCore CPI gains 0.1%; increases 2.8% year-on-yearBy Lucia Mutikani WASHINGTON, June 11 (Reuters) - U.S. consumer prices increased less than expected in May as cheaper gasoline part...Reuters
Thu, Jun 12
GRAINS-Soybeans, corn dip on US-China trade jitters, benign US weather; wheat firms
BEIJING, June 12 (Reuters) - Chicago soybeans fell on Thursday as markets cooled following a U.S.-China trade truce framework that didn't include agricultural details, while favourable weather across the U.S. Midwest crop belt added pressure.Reuters
Thu, Jun 12
China, Hong Kong stocks retreat as trade optimism fades
HONG KONG, June 12 (Reuters) - China and Hong Kong stocks fell on Thursday, led by declines in the rare-earth and tech sectors, as markets struggled to sustain positive momentum from Sino-U.S. trade talks that provided few concrete details.Reuters
Thu, Jun 12
