Market news
Crypto, stocks, forex and macro, aggregated for traders.
Trump Family Reportedly Made $500M from Crypto Venture as Investors Suffered Losses
A Trump-linked crypto project generated approximately $500 million for the Trump family, while investors in the same venture reportedly faced significant financial losses.
US-Iran Talks Face Major Hurdles, Pakistani Sources Say
Pakistani government sources indicate that reaching an agreement to end the war between the US and Iran within days is unlikely due to a complex situation. Separately, Israel is accused of non-stop ceasefire violations in southern Lebanon.
US Indices Open Higher as Dow Adds 229 Points
The Dow Jones Industrial Average rose 229.40 points (0.45%) to 51,015.41 at the open, the S&P 500 gained 40.45 points (0.55%) to 7,446.18, and the Nasdaq Composite climbed 192.17 points (0.74%) to 26,121.83.
US CPI Release Tomorrow to Shift Focus Back to Macro
Markets are expected to refocus on macro fundamentals with tomorrow's US CPI release. The post also comments on geopolitical tensions involving the US, Iran, and Israel.
Gold Steadies as Middle East Optimism Offsets Hawkish Fed
Gold prices stabilize on Tuesday, supported by a softer US dollar and lower oil prices amid signs of de-escalation in the Middle East, though a hawkish Fed outlook limits gains.
Mexico May Inflation Slows to 3.94%, Below Forecasts
Mexico's headline inflation fell to 3.94% year-over-year in May, below the expected 4.03% and down from 4.45% in April, suggesting the central bank could maintain a softer monetary stance.
Gold May Have Bottomed at $4,300 as Ceasefire Weakens Dollar
Gold could be bottoming near $4,300 after the US dollar retreated following a ceasefire announcement between Israel and Iran, though persistent Middle East tensions limit further dollar weakness.
Poland's Central Bank Tops April Gold Purchases Among Peers
Poland's central bank was the largest buyer of gold among central banks in April, further cementing its position as a major sovereign accumulator of the precious metal.
China Urges Philippines to Halt Maritime Infringements and Provocations
China's Foreign Ministry spokesman Lin Jian called on the Philippines to stop infringing on China's maritime rights and to cease provocative actions and inflammatory publicity stunts.
Singapore Launches ASPIRE 2B Supercomputer with 1,500+ Nvidia H200 GPUs
Singapore's National Supercomputing Centre has launched the ASPIRE 2B supercomputer, featuring over 1,500 Nvidia H200 GPUs and 115 petaflops of computing power to support AI research and high-performance computing.
WTI slides to near $88 as Trump signals Iran deal progress
West Texas Intermediate crude oil fell 1.8% to around $88.10 during European trading, extending a drop of over 6% from Monday's high, as former President Trump hinted at a potential deal with Iran.
Israel issues evacuation order for Lebanese city of Tyre
The Israeli army's Arabic-language spokesperson warned residents of Tyre, Lebanon to evacuate immediately ahead of military action.
Gold Weakens After Hawkish Fed Repricing – OCBC
Gold has fallen below its 200-day moving average as the market reprices a more hawkish Federal Reserve, according to OCBC. Oil-led inflation concerns are also weighing on the metal.
German Industrial Production Rises for First Time Since Iran War Began
German industrial production posted its first increase since the onset of the Iran war, signaling resilience in Europe's largest economy amid high energy costs, according to a Bloomberg report on Tuesday.
China’s AI Investment Surge Drives 92% Jump in Integrated Circuit Exports
Global AI investment plays to China’s manufacturing strengths, with Chinese firms leading in printed circuit boards, optical components, and memory chips. Integrated circuit exports have grown over 20% annually for 13 consecutive months and surged 92% in April alone.
China's High-Tech Exports Surge on AI and Green Energy Demand
China's export sector remains robust, with high-tech products like AI hardware and green energy tech driving growth despite global uncertainty, according to the China Chamber of Commerce.
Asia Tech Stocks Recover, OpenAI IPO Looms, China Trade Surplus $105B
South Korea's Kospi and Japan's Nikkei rebounded on tech gains, while China's trade surplus returned to $105 billion. OpenAI also reportedly enters the IPO queue.
China Exports Surge 19.4% in May, Beating Expectations
China's export growth accelerated to 19.4% year-on-year in May, exceeding the consensus forecast of 15.0% and up from 14.1% in April, driven by strong demand for chips, autos, and AI-related tech goods.
Household Inflation Expectations Ease in May After April Spike
Household inflation expectations for the next 12 months eased in May, following a sharp spike in April driven by high commodity prices, according to a recent survey.
Trump Says Iran Agreement Proposal Possible Within Days
US President Donald Trump stated he may have a proposal for an Iran agreement within days, as reported by Reuters.
WTI Crude Oil Holds Below $89 as Bearish Setup Persists
West Texas Intermediate crude oil extends losses below $89.00 after a sharp retracement from mid-$93 levels, with bearish technicals pointing to further downside.
Gold Steady as Hawkish Fed Bets Counter Geopolitical Truce
Gold (XAU/USD) holds steady after recovering from a low near $4,267-$4,268, as hawkish Federal Reserve expectations offset a reported Israel-Iran truce and a weaker US dollar.
Arthur Hayes Predicts Bitcoin Dump Then Pump as AI Bubble Bursts
Arthur Hayes warns that a potential AI bubble burst, triggered by mega IPOs and rising oil prices, could cause Bitcoin to initially dump before a subsequent pump as liquidity cycles renew.
Institutional Yen Shorts Hit $11 Billion Despite Record Intervention
Leveraged funds and asset managers have increased short positions on the Japanese yen to $11 billion, the highest since July 2024, even as Japan spends a record $74 billion to support the currency.