News
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Economic Indicator
BoE’s Mann: Impact of QT is a more salient issue now BoE is cutting rates.
Bank of England’s MPC (hawk) member Catherine Mann said that the bank should closely monitor the effects of its quantitative tightening (QT) programme on monetary and financial conditions, especially in light of the recent interest rate cuts.
Fxstreet
Mon, Jun 2
Stocks
AQR Capital Management posts positive May returns in several funds, source says
LONDON, June 2 (Reuters) - Billionaire investor Cliff Asness's AQR Capital Management finished May with positive returns in several of its funds, said a source familiar with the matter on Monday. The $135 billion hedge fund returned a positive 2.4% performance in May in its multi-strategy fund, ...Reuters
Mon, Jun 2
Forex
GBP/USD steadies near 1.3540 as the US Dollar struggles under global pressure
The British Pound (GBP) bounces back at the start of the week, advancing against the US Dollar (USD) on Monday and trimming last week’s losses. The GBP/USD pair is rebounding modestly as investors pare back US Dollar holdings amid lingering uncertainty over the global economic outlook.Fxstreet
Mon, Jun 2
Commodities
Cenovus declares force majeure on Christina Lake Dil-bit heavy crude supply due to wildfires
HOUSTON, June 2 (Reuters) - Canadian oil producer Cenovus Energy CVE.TO declared force majeure on its supply of Christina Lake Dil-bit heavy crude due to wildfires in the oil-producing province of Alberta, two trading sources said. Companies declare force majeure when unexpected circumstances preven...Reuters
Mon, Jun 2
Commodities
CBOT corn ends lower on soy weakness, benign US crop weather
CHICAGO, June 2 (Reuters) - Chicago Board of Trade corn futures declined on Monday on spillover weakness from soybeans and as generally favorable crop weather bolstered early U.S. production prospects, traders said.CBOT July corn CN25 settled down 5-3/4 cents at $4.38-1/4 per bushel after touching $...Reuters
Mon, Jun 2
Other
U.S. Department of Energy Issues Emergency Order to Safeguard Electric Grid Reliability in PJM Interconnection
June 2 (Reuters) - U.S. DEPARTMENT OF ENERGY:SAYS IT ISSUED AN EMERGENCY ORDER UNDER SECTION 202(C) OF THE FEDERAL POWER ACT.SAYS THE ORDER DIRECTS PJM INTERCONNECTION (PJM) TO OPERATE SPECIFIED GENERATION UNITS AT THE EDDYSTONE, PENNSYLVANIA GENERATION STATION PAST THEIR PLANNED RETIREMENTSAYS THE ...Reuters
Mon, Jun 2
Other
NY State Public Service Commission Secures $13 Million Ratepayer Refund From NextEra
June 2 (Reuters) - NEW YORK STATE PUBLIC SERVICE COMMISSION:SAYS REACHED A SETTLEMENT WITH NEXTERA ENERGY TRANSMISSION NEW YORK, INC. UNDER WHICH NEXTERA WILL RETURN MORE THAN $13 MILLION, PLUS INTEREST, TO NEW YORK RATEPAYERS' POCKETS IN 2026SAYS ALL RESIDENTIAL AND COMMERCIAL ELECTRIC CUSTOMER...Reuters
Mon, Jun 2
Stocks
US STOCKS-Main indexes mixed on Trump's steel tariff threat, Nvidia lift Nasdaq
Indexes: Dow down 0.1%, S&P 500 up 0.24%, Nasdaq up 0.56%Tesla falls after reporting lower May sales for some EU nationsU.S. ISM manufacturing PMI for May at 48.5 vs 49.3 forecastBy Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta NEW YORK, June 2 (Reuters) - Wall Street's main indexes...Reuters
Mon, Jun 2
Commodities
Flights at Newark airport likely to be boosted next week, FAA says
By David Shepardson June 2 (Reuters) - The Federal Aviation Administration said it plans to boost the number of flights at Newark Liberty International Airport next week after a runway reopened on Monday nearly two weeks ahead of schedule.Acting FAA Administrator Chris Rocheleau said at a press c...Reuters
Mon, Jun 2
Forex
FOREX-US dollar dips as tariff worries resurface
Dollar sentiment fragile after Trump threatens 50% steel dutiesBeijing hits back over White House accusations it violated dealSenate to start consideration of Trump's tax and spending billFocus on business activity surveys in Asia, Europe and USPoland's zloty slips vs euro after electionsBy ...Reuters
Mon, Jun 2
Stocks
GLOBAL MARKETS-Wall Street mixed, dollar weakens and gold surges as trade tensions flare
Trade tensions between US and China escalate, affecting global marketsTrump plans to double tariffs on steel and aluminum, EU vows retaliationDollar weakens amid unpredictable trade policy, Treasury yields rise slightlyOil bounces on relief OPEC did not raise output even furtherBy Stephen Culp NE...Reuters
Mon, Jun 2
Forex
Forex Today: Focus remains on US jobs data and EMU flash CPI
The US Dollar (USD) faced increasing selling pressure in quite a negative start to the new trading week, slipping back to multi-week troughs amid the resurgence of trade concerns and jitters over the health of the US economy.
Fxstreet
Mon, Jun 2
Commodities
CBOT soybeans hit seven-week low; US-China tensions in focus
CHICAGO, June 2 (Reuters) - Chicago Board of Trade soybean futures fell to their lowest level in seven weeks on Monday on worries about demand for U.S. oilseeds given trade tensions with top buyer China, along with generally favorable crop weather, traders said.CBOT July soybeans SN25 settled down 8...Reuters
Mon, Jun 2
Other
Hundreds of California bar exam-takers move from fail to pass with new scoring
By Karen Sloan June 2 (Reuters) - More than 200 people who took California’s disastrous February bar exam will go from failing to passing under a new round of grading changes approved on Friday, boosting the test’s overall pass rate from 56% to 63% — nearly double the state's historical avera...Reuters
Mon, Jun 2
Cryptocurrencies
Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO
Seeks as much as $896 million in upsized IPONow offering up to 32 million shares, up from 24 million shares earlierCompany raises IPO price range to $27-$28 apieceBy Arasu Kannagi Basil and Ateev Bhandari June 2 (Reuters) - Circle Internet said on Monday it was targeting a valuation of up to $7.2...Reuters
Mon, Jun 2
Technical Analysis
Silver Price Forecast: XAG/USD surges over 5%, hits yearly high
Silver prices soar, gaining over 5% on Monday, as investors who had become risk-averse earlier pushed the grey metal higher. However, as market sentiment improved, buyers continued to drive XAG/USD higher, trading at $34.65 near year-to-date (YTD) highs.
Fxstreet
Mon, Jun 2
Cryptocurrencies
Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH
Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run. Ethereum Price To Rally To $8,000 In an X post, Crypt...NewsBTC
Mon, Jun 2
Forex
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% higher at C$1.3711 to the greenback, or 72.93 U.S. cents, after trading in a range of 1.3675 to 1.3743.Canadian government 10-year bond yields CA10YT...Reuters
Mon, Jun 2
