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Forex
FOREX-Dollar lingers near six-week low as trade war wears on US economy
Dollar index briefly hits lowest since late April and recoversUS manufacturing contracts for third monthEuro dented by slower euro zone inflationFiscal worries prompt 'sell America' theme, Senate debates tax billBy Rocky Swift and Amanda Cooper TOKYO/LONDON, June 3 (Reuters) - The dollar ...Reuters
Tue, Jun 3
Economic Indicator
Modi's soaring Indian aviation ambitions face many headwinds
IATA conference in New Delhi highlights India aviation potential Passenger traffic in India expected to triple over next 20 yearsChallenges include plane shortages, infrastructure, regulation By Abhijith Ganapavaram and Nandan Mandayam NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi&#...Reuters
Tue, Jun 3
Indices
USD steadies, undertone remains bearish – Scotiabank
The US Dollar (USD) is tracking a little higher overall, consolidating the soft tone seen over the past few sessions as the Dollar Index (DXY) losses hold near recent lows, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Tue, Jun 3
Stocks
Copper miners fall as China's factory activity misses expectations
** Benchmark three-month copper CMCU3 on the London Metal Exchange down 0.5% at $9,571 per metric ton** Copper prices fell as factory activity in top metals consumer China missed expectations, indicating that U.S. tariffs were affecting the manufacturing superpower while trade tensions between Washi...Reuters
Tue, Jun 3
Stocks
CD Projekt shares rise on expectations of new 'Witcher IV' showcase
** Shares in CD Projekt CDR.WA rise 3.8%; an analyst points out the market is waiting to see new elements of the highly awaited "Witcher IV" game** "New W4-related materials should support the sentiment toward the company" says Erste Securities analyst Krzysztof Tkocz** Later on Tues...Reuters
Tue, Jun 3
Other
Hims & Hers Health Plans To Acquire Zava
June 3 (Reuters) - Hims & Hers Health Inc HIMS.N:HIMS & HERS HEALTH: PLANS TO ACQUIRE ZAVA, ACCELERATING MAJOR EUROPEAN GROWTH ACROSS UK, GERMANY, FRANCE, IRELANDHIMS & HERS HEALTH: EXPECT DEAL TO BE ACCRETIVE BY 2026HIMS & HERS HEALTH: DEAL CONSIDERATION WILL BE COMPRISED OF 100% CA...Reuters
Tue, Jun 3
Stocks
Signet Jewelers surge on raising earnings forecast, upbeat quarterly results
** Shares of Signet Jewelers SIG.N up 12.3% at $75 premarket** Co raises annual adjusted EPS forecast to between $7.70 and $9.38, from the previous forecast range of $7.31-$9.10** Also sees annual sales between $6.57 billion and $6.80 billion, compared to earlier $6.53 billion to $6.80 billion forec...Reuters
Tue, Jun 3
Economic Indicator
Chinese travel more during Dragon Boat holiday but spending lags
HONG KONG, June 3 (Reuters) - Chinese people travelled more over the three-day Dragon Boat holiday this year, but spending remained below pre-pandemic levels, government data showed on Tuesday - indicators that are closely watched as barometers of consumer confidence. Consumption in the world&#...Reuters
Tue, Jun 3
Stocks
2 Buffett-Style Artificial Intelligence (AI) Stocks That Could Build Long-Term Wealth
Warren Buffett has proven his ability to deliver market-beating gains, and thanks to this, build wealth over the years. The billionaire investor, at the helm of Berkshire Hathaway, posted a 19.9% compounded annual increase over nearly 60 years -- and that's as the S&P 500 index recorded a 10.4% such...The Motley Fool
Tue, Jun 3
Other
Hims to acquire UK-based startup Zava as it expands international presence
By Bhanvi Satija NEW YORK, June 3 (Reuters) - Telehealth platform Hims & Hers HIMS.N said on Tuesday it will acquire London-based startup Zava for an undisclosed amount, allowing it to launch its offerings in Germany, France and Ireland and reach more international patients. The move comes as...Reuters
Tue, Jun 3
Stocks
Dollar General gains after raising annual comparable sales growth forecast
** Shares of discount store operator Dollar General DG.N up ~8% at $104.90 premarket** Company expects same-store sales to grow 1.5% to 2.5% during fiscal 2025, compared with its previous forecast of 1.2% to 2.2% increase** Raises lower end of fiscal 2025 profit forecast to $5.20 per share from $5.1...Reuters
Tue, Jun 3
Other
Kremlin says Ukraine peace efforts are complex, no quick decisions should be expected
MOSCOW, June 3 (Reuters) - The Kremlin said on Tuesday that work on trying to reach a settlement to end the war in Ukraine was extraordinarily complex and that it would be wrong to expect any imminent decisions but that it was waiting for Ukrainian reaction to its proposals. The Kremlin was commenti...Reuters
Tue, Jun 3
Economic Indicator
The US tariff spiral keeps turning for Aluminum and Steel – Commerzbank
US President Trump's announcement last Friday that US tariffs on Steel and Aluminum imports would be increased from 25% to 50% — with the higher tariffs being said to take effect tomorrow — initially caused further uncertainty on the base metal markets, with prices in the US rising sharply, CommerzbFxstreet
Tue, Jun 3
Stocks
Sitio Royalties gains after Viper Energy to acquire co in $4.1 billion deal
** Shares of Sitio Royalties STR.N rise 8.7% to $18.8 in premarket trading** Oil and gas company Diamondback Energy's FANG.O unit Viper Energy VNOM.O to acquire Sitio Royalties in an all-stock deal valued at about $4.1 billion including debt** The deal includes STR's net debt of $1.1 billion...Reuters
Tue, Jun 3
Stocks
Bumble falls as J.P.Morgan downgrades to 'underweight'
** Bumble BMBL.O shares fall 5.4% to $5.43 in premarket trading ** JPM downgrades online dating app to 'underweight' from 'neutral,' maintains PT of $5** The brokerage anticipates payer decline in the current quarter** According to JPM, intra-quarter U.S. download trends have decline...Reuters
Tue, Jun 3
Stocks
CANADA STOCKS-TSX futures slip as trade tensions rise, uncertainty lingers
June 3 (Reuters) - Futures tied to Canada's main stock index fell on Tuesday, mirroring Wall Street peers, as concerns over erratic U.S. trade policies clouded investor sentiment.The S&P/TSX index futures SXFcv1 were down 0.5% at 6:21 am ET (1021 GMT).On Monday, the White House said that U.S...Reuters
Tue, Jun 3
Stocks
LIVE MARKETS-India, Mexico stocks seen as potential havens on diminishing uncertainty
STOXX 600 down 0.3%Dutch government collapsesEurozone inflation below ECB targetWall Street futures fallWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comINDIA, MEXICO STOCKS SEEN AS PO...Reuters
Tue, Jun 3
Cryptocurrencies
G7 economies struggle under debt pressure as US national debt touches $36.5T record
The US national debt has now hit a new all-time high of $36.5 trillion, based on official government numbers. The total includes $28.9 trillion owed to the public and $7.3 trillion tied up in intragovernmental holdings. The debt is growing so fast that it’s adding around $1 trillion every 100 days, forcing Wall Street, global […]Cryptopolitan
Tue, Jun 3
Stocks
MORNING BID AMERICAS-Trump and Xi's big chat
By Mike Dolan LONDON, June 3 (Reuters) - What matters in U.S. and global markets today The dollar and U.S. Treasuries found their footing on Tuesday after a rough start to the week, but stocks remained edgy due to a mix of trade war concerns and spluttering factory activity.I'll discuss t...Reuters
Tue, Jun 3
