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A look at the day ahead in European and global markets from Kevin Buckland The once-dominant U.S. dollar is continuing to struggle, shaken by recent economic data suggesting that the narrative of U.S. economic exceptionalism may be losing its grip. On Tuesday, the dollar index fell to a new two-month low during Asian trading hours,
In recent weeks, Iran-backed Shi’ite armed groups in Iraq have significantly increased their rocket and missile attacks on Israel. This escalation has raised concerns in Washington and among some of Iran’s allies about the potential for Israeli retaliation and a broader regional conflict if these attacks cause significant damage or casualties. Although these attacks, launched
In recent weeks, Iran-backed Shi’ite armed groups in Iraq have significantly increased their rocket and missile attacks on Israel. This escalation has raised concerns in Washington and among some of Iran’s allies about the potential for Israeli retaliation and a broader regional conflict if these attacks cause significant damage or casualties. Although these attacks, launched
The New York Stock Exchange (NYSE) announced on Monday that it had resolved a technical issue related to Limit Up-Limit Down (LULD) bands, which led to volatility pauses for numerous stocks, including Berkshire Hathaway and Chipotle Mexican Grill. This incident, initially reported earlier in the day, caused significant price anomalies and trading interruptions. The LULD
The Nasdaq and S&P 500 experienced slight upticks on Monday, bolstered by a decline in U.S. Treasury yields that favored megacap growth stocks. Investors also took note of data indicating a second consecutive month of eased manufacturing activity in May. Major tech stocks, including Apple, Meta, and Alphabet, saw gains ranging from 1.1% to 1.7%,
In a strategic move to engage younger voters, Republican presidential candidate Donald Trump joined TikTok and swiftly garnered 3 million followers within a day. This is the same platform he attempted to ban during his presidency on national security grounds. Trump’s decision to join TikTok could significantly impact his third bid for the White House,
In a historic and unprecedented turn of events, former U.S. President Donald Trump stated on Sunday that he would accept home confinement or jail time following his recent conviction by a New York jury. However, he warned that such an outcome might be hard for the public to accept. Trump is set to be sentenced
Last week, Donald Trump became the first former U.S. president to be convicted of a felony. Despite this historic verdict, Wall Street is considering the potential impacts of a second Trump term on markets, as he remains a strong contender in the upcoming presidential election. Investors suggest that a Trump victory could boost the stock
In an unprecedented turn of events, early results from South Africa’s recent election suggest that the African National Congress (ANC) may lose the parliamentary majority it has held for three decades. This historic shift implies that the ANC might need to form a coalition to stay in power, introducing potential political instability in the weeks
If the jury in Donald Trump’s criminal trial returns a guilty verdict, the judge will face a significant decision: whether to sentence the former president and 2024 Republican presidential candidate to prison time. Convictions for felony falsification of business records in New York State rarely result in incarceration, but Trump’s case presents unique challenges. Legal
