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Technical Analysis
EUR/USD: Expected to consolidate between 1.1305 and 1.1375 – UOB Group
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, May 28
Stocks
China stocks close flat on cautious sentiment, HK shares fall
SHANGHAI, May 28 (Reuters) - China stocks ended roughly flat on Wednesday as investors remained cautious amid ongoing U.S.-China tensions, despite a temporary easing in tariff threats announced earlier this month. Hong Kong shares edged down.** China's blue-chip CSI300 Index .CSI300 closed 0.1% ...Reuters
Wed, May 28
Stocks
LIVE MARKETS-Defence, German stocks charge ahead
STOXX 600 up 0.1%DAX hits new peakNvidia results awaitedWall St futres dipWelcome 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.comDEFENCE, GERMAN STOCKS CHARGE AHEADNo fireworks at the open i...Reuters
Wed, May 28
Stocks
1 Dark Horse Candidate for Best-Performing AI Stock Over the Next Five Years
No one knows which company will be the top-performing artificial intelligence (AI) stock over the next five years. We're about two-and-a-half years into the AI arms race, and few could have predicted what has transpired, let alone what will happen over the next few years.However, one company that wa...The Motley Fool
Wed, May 28
Other
ECB's Lagarde determined to complete her term, spokesperson says
FRANKFURT, May 28 (Reuters) - European Central Bank President Christine Lagarde is determined to complete her eight-year term at the bank, an ECB spokesperson said on Wednesday after the Financial Times reported she held talks to become the president of the World Economic Forum."President Lagard...Reuters
Wed, May 28
Other
VEON considers potential Starlink partnership, dual listing in UAE
DUBAI, May 28 (Reuters) - VEON VEON-RX.MM is in talks with Starlink over potential partnerships across all markets where the telecommunications group operates, its CEO said on Wednesday.Kaan Terzioglu said the company could consider a dual listing of both VEON and its units in the United Arab Emirat...Reuters
Wed, May 28
Commodities
EUROPE GAS-Prices little changed amid stable supply, lower demand
LONDON, May 28 (Reuters) - Dutch and British wholesale gas prices were little changed on Wednesday morning amid stable supply and weak demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched up by 0.10 euro per megawatt hour (MWh) to 36.84 euros/MWh by 0824 GMT, while the J...Reuters
Wed, May 28
Commodities
Exclusive: K2’s Aegis Energy strikes Everspan capacity deal for new excess petroleum gasoline haulers program
By James ThalerMay 27 - (The Insurer) - K2’s Aegis Energy General Insurance Agency has struck a capacity deal with fronting company Everspan to provide up to $4 million in excess coverage for a non-admitted petroleum gasoline haulers program available in most U.S. states.The program is designed to m...Reuters
Wed, May 28
Stocks
Is Meta Platforms' Business in Trouble?
Meta Platforms (NASDAQ: META), the social media giant that owns Facebook, Instagram, and WhatsApp, has been a growth beast in recent years. Its revenue is growing at a fast pace, and the stock is soaring. Since the start of 2023, the stock price is up 431%.But past performance, as they say, is no gu...The Motley Fool
Wed, May 28
Indices
US Dollar Index steadies near 99.50 ahead of FOMC Meeting Minutes
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is steadying after registering more than 0.50% gains in the previous session. The DXY is trading around 99.60 during the European hours on Wednesday.Fxstreet
Wed, May 28
Stocks
Ark Invest's Cathie Wood Believes Robotaxi Will Drive Tesla Stock to $2,600 in 5 Years. There's Just 1 Problem With That.
People tend to listen when Cathie Wood speaks on Tesla (NASDAQ: TSLA). The founder and manager of Ark Invest was one of Tesla's most vocal supporters in the mid-to-late 2010s, before the company became the electric vehicle, energy storage, autonomous driving, and robotics company it is now, with a $...The Motley Fool
Wed, May 28
Other
Russia masses over 50,000 troops for offensive on northeastern Ukraine, Zelenskiy says
By Max Hunder KYIV, May 28 (Reuters) - Russia has massed more than 50,000 troops, including some of its best forces, near Ukraine's northeastern Sumy region, but Kyiv has taken steps to prevent them from conducting a large-scale offensive, Ukrainian President Volodymyr Zelenskiy said.The buil...Reuters
Wed, May 28
Commodities
Polarisation deepens exposure and claims uncertainty for alternative fuels: Allianz
By Rebecca DelaneyMay 27 - (The Insurer) - Geopolitical divisions over decarbonisation commitments are increasing uncertainty over future risk exposures and claims costs in the shipping industry, Allianz said in its latest safety and shipping review.With the sector already dealing with concerns arou...Reuters
Wed, May 28
Commodities
Three dead in Chevron's Angolan oil platform fire
May 28 (Reuters) - A second person died from their injuries in hospital following a fire at a Chevron-operated oil platform offshore Angola, bringing the number of fatalities to three, government and company officials said late on Tuesday.Two workers were initially transferred to specialist units at...Reuters
Wed, May 28
Stocks
MIDEAST STOCKS-Most Gulf bourses advance in early trade, along with oil prices
May 28 (Reuters) - Stock markets in the Gulf gained early on Wednesday as oil prices rose, although the advance was limited by expectations of an output hike at an OPEC+ meeting scheduled later this week. In addition, Saudi Arabia, the world's biggest oil producer, may cut its crude prices for A...Reuters
Wed, May 28
Forex
FOREX-Yen shrugs off tepid bond demand, dollar firms on trade deal hopes
Japanese bond yields whipsawed in recent weeks US dollar seeing bouts of strength on upbeat economic dataInvestors fret about fiscal health of major economies By Ankur Banerjee, Johann M Cherian and Linda Pasquini SINGAPORE/GDANSK, May 28 (Reuters) - Japan's yen was steady on Wednesday as ruc...Reuters
Wed, May 28
