News
Important Only
Forex
Australian Dollar rises on US economic concerns amid Trump’s new tariff threats
The Australian Dollar (AUD) appreciated against the US Dollar (USD) by over 0.50% on Monday. The AUD/USD pair rises as the Greenback may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).
Fxstreet
Mon, Jun 2
Economic Indicator
Japan Q1 capital spending hits record but some export sectors weak
Capex jumped 6.4%, previous record was set in 2007Food and real estate industries show double-digit increases Car and factory equipment makers cut spending due to tariff painBy Makiko Yamazaki TOKYO, June 2 (Reuters) - Investment by Japanese companies in plants and equipment surged to a record in...Reuters
Mon, Jun 2
Forex
Japanese Yen bulls retain control amid hawkish BoJ expectations, safe-haven buying
The Japanese Yen (JPY) remains on the front foot against its American counterpart for the third consecutive day on Monday and seems poised to strengthen further amid a combination of supporting factors.
Fxstreet
Mon, Jun 2
Other
MOVES-Citi names Bank of America veteran Zhang as new China country head
By Selena Li HONG KONG, June 2 (Reuters) - Citigroup C.N said on Monday it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit of its former China head in November.Zhang was also named president and executive director of Citibank China, the company sa...Reuters
Mon, Jun 2
Stocks
Japan's Nikkei falls on worries about US-China trade tension, stronger yen
TOKYO, June 2 (Reuters) - Japan's Nikkei share average fell on Monday, dragged lower by worries over trade tensions between the U.S. and China, and a stronger yen, which hurt automakers. As of 0204 GMT, the Nikkei .N225 dropped 1.4% at 37,428.14 and the broader Topix .TOPX slipped 1.02% to 2773....Reuters
Mon, Jun 2
Forex
USD/INR gains momentum on RBI rate cut bets
The Indian Rupee (INR) extends the decline on Monday. A rise in crude oil prices drags the Indian currency lower. It’s worth noting that India is the world's third-largest oil consumer, and higher crude oil prices tend to have a negative impact on the INR value.Fxstreet
Mon, Jun 2
Cryptocurrencies
PRESS DIGEST-British Business - June 2
June 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- IG Group IGG.L, a UK-listed online trading provider, will launch a service this week allowing British retail inve...Reuters
Mon, Jun 2
Stocks
Australia's James Hardie gains on securing $3.5 billion credit to fund US deal
** James Hardie Industries JHX.AX shares up 2.7% at A$36.38** Fibre-cement maker's stock marks its biggest intraday gain since May 13** Co secures $3.5 billion in senior credit facilities to support ops and acquisition of U.S.-listed AZEK AZEK.N** Co says credit facilities secured from 30 banks ...Reuters
Mon, Jun 2
Stocks
Hong Kong shares dip to three-week low as tariff concerns flare again
HONG KONG, June 2(Reuters) - Hong Kong stocks weakened to a three-week low in early trade on Monday as renewed Sino-U.S. tariff tensions weighed on sentiment.The city's benchmark Hang Seng Index .HSI slipped 2.4% to 22,734.05, the lowest level since May 8, while Hang Seng China Enterprises Index...Reuters
Mon, Jun 2
Cryptocurrencies
Ethereum Price Stabilizes After Drop — Can Bulls Regain Control?
Ethereum price started a fresh decline from the $2,620 resistance zone. ETH is now trading below $2,580 and might continue to move down. Ethereum started a downside correction below the $2,600 level. The price is trading below $2,600 and the 100-hourly Simple Moving Average. There was a break above ...NewsBTC
Mon, Jun 2
Stocks
Australia's BlueScope surges on Trump's plan to double tariffs on steel imports
By Nikita Maria Jino June 2 (Reuters) - Shares of Australian steel producer BlueScope Steel BSL.AX jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel.Shares of BlueScope, which operates five businesses in North Am...Reuters
Mon, Jun 2
Other
Russia security service thwarts Ukraine-ordered railway sabotage attempt, RIA reports
June 2 (Reuters) - Russia's Security Service FSB thwarted an attempted arson attack on Russia's railway transportation in the far eastern region of Primorsky Krai, or Primorye, that was to be conducted on Ukraine's order, the RIA news agency reported on Monday. "It was established th...Reuters
Mon, Jun 2
Economic Indicator
Asia's factory activity shrinks in May as US tariffs bite
Japan's PMI shrinks for 11th month in MaySouth Korea's factory activity also contracts in MayUS trade uncertainty to keep firms from investing, analysts sayBy Leika Kihara TOKYO, June 2 (Reuters) - Asia's factory activity shrank in May as soft demand in China and the impact of U.S. ta...Reuters
Mon, Jun 2
Economic Indicator
Fed's Waller still open to cutting interest rates later this year
Waller says tariffs will drive temporary inflation Fed can look throughWaller says uncertainty remains around trade policy Tariff impacts to be most apparent in second half, Waller says By Michael S. Derby and Cynthia Kim June 2 (Reuters) - Federal Reserve Governor Christopher Waller said on Mon...Reuters
Mon, Jun 2
Other
China rejects Trump's accusation that it breached Geneva trade deal
June 2 (Reuters) - China said on Monday that U.S President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva talks were "groundless", and vowed to take forceful measures to safeguard its legitimate rights and interests. The comment by the commerce minis...Reuters
Mon, Jun 2
