Market News

Several European Currencies Reach New Long-Term Highs Against Greenback; Modi’s Majority Shrinks; Japan Admits Yen Intervention, Swiss CPI Expected Steady

Major Asian Equity Indices Firmly Higher as India’s Modi Wins Re-election; Japanese Yen Weakens Further During Tokyo Session

The United States GDP for the first quarter was revised downwards to 1.3% year-on-year in the second estimate, down from 1.6% in the first estimate.

US GDP Seen Slowing to 1.2% Growth; Stocks Lower on Rising US Yields; Yen Weakens to Intervention Zone

Australian Inflation Rises Unexpectedly, Aussie Barely Reacts; Stocks Lower on Hawkish Kashkari Comments; Silver Closes at 10-Year High Price

Gold, Silver Rise; US Dollar Lower; Wheat Futures Reach New 10-Month High; Equity Indices Mixed

Major Asian Equity Indices Gain; Gold, Silver Gain; Rumour Bank of Japan May Hike by 0.50% by Year End

FOMC Meeting Minutes Show Rates May be Held Steady for Longer; Commodities, Especially Precious Metals, Sell Off; US Stock Indices Reach New Record Highs; UK CPI Falls to Lowest Level in 3 Years but Questions Remain

New Zealand’s central bank kept its official cash rate at 5.50% on Wednesday but said that inflation was too high and that a rate hike was on the table.

NZD Rises as Central Bank Floats a Possible Hike; Equity Indices Reach New Highs; Markets Await FOMC Meeting Minutes, UK CPI; BoE’s Bailey Thinks Next Rate Move Will be a Cut

Gold, Silver, Copper Fall Back from Swing Highs; Markets Expecting Drop in Canadian Inflation

Gold, Copper Reach All-Time Highs; Silver Hits 11-Year High at $32.50; Most Stock Markets are Bullish; Japanese 10-Year Yield Rises to 11-Year High

US inflation resumes downward trend.

US CPI Monthly Increase Only 0.3%; NASDAQ 100, S&P 500 Rally To Record Highs; Silver, Copper to Multi-Year Highs

Markets Await Crucial US Inflation Data; Global Stock Index Hits Record High; Fed Chair Powell Says Lower Inflation Needed Before Cuts; Copper Futures Hit 2-Year High