News
Important Only
China’s May Retail Sales rose 3.7%, Industrial Production up 5.6%
China Fixed Asset Investment (YTD) (YoY) came in at 4% below forecasts (4.2%) in May
China Retail Sales (YoY) registered at 3.7% above expectations (3%) in May
China Industrial Production (YoY) below forecasts (6%) in May: Actual (5.6%)
USD/JPY extends upside near 157.50 as BoJ remains cautious on policy
GBP/USD hangs near its lowest level since early May, seems vulnerable below 1.2700
Forex
GBP/USD hangs near its lowest level since early May, seems vulnerable below 1.2700
The GBP/USD pair struggles to capitalize on Friday's modest bounce from the vicinity of mid-1.2600s or a nearly one-month low and oscillates in a narrow band on the first trading day of a new week.Fxstreet
Jun 17, 2024
Stocks
Starboard Value buys $500M stake in Autodesk, urges operational changes - WSJ
Investing.com - Activist investor Starboard Value has acquired a stake of approximately $500 million in design-software manufacturer Autodesk Inc (NASDAQ:ADSK) and is now advocating for changes wiInvesting.com
Jun 17, 2024
Forex
EUR/USD consolidates around 1.0700, just above one-and-a-half-month low touched on Friday
The EUR/USD pair kicks off the new week on a subdued note and consolidates its recent heavy losses to the lowest level since early May, around the 1.0670-1.0665 region touched on Friday.
Fxstreet
Jun 17, 2024
Economic Indicator
Fed's Kashkari: It’s reasonable to predict Fed won’t cut rates until December
Minneapolis Federal Reserve President Neel Kashkari said on Sunday that it is a “reasonable prediction” that the Fed will wait until December to cut interest rates, adding that the central bank is in a very good position to get more data before making any decisions.Fxstreet
Jun 16, 2024
Economic Indicator
ECB's Kazaks says must not allow inflation to remain above 2% into 2026
European Central Bank (ECB) Governing Council member Martins Kazaks said on Sunday that the bank must not allow inflation to remain above 2% into 2026, adding that he is concerned about delays beyond this.Fxstreet
Jun 16, 2024
