Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
Big Tech Slumps as Rate Hike Fears Resurface, But Chip Stocks Rally on AI Demand
The Nasdaq fell 1.2% Thursday as Apple and other mega-caps slid on rate hike fears, but chip stocks rallied on strong AI demand. Micron jump
FTSE 100 Rises as Oil Retreats to Pre-Strike Levels, Easing Inflation Fears
The FTSE 100 rallied on Thursday as oil prices slid back to levels seen before the Iran strikes, easing inflation concerns. Brent crude fell
European Stocks Climb as Oil Rebounds and Rio Tinto Eyes Freight Deal with Vitol
European stocks closed higher on Thursday as oil prices rebounded and Rio Tinto reportedly explored a freight-and-logistics joint venture wi
Latin American Stocks and Currencies Rally as US Dollar Weakens
Latin American markets bounced back Thursday as a softer dollar boosted stocks and currencies. MSCI's Latin America index climbed 1.8%, and
Canadian Dollar Bounces Back After Seven-Day Slide as US Inflation Data Eases Dollar Pressure
After hitting a 14-month low, the Canadian dollar gained ground as US inflation data reduced expectations for further Fed rate hikes and oil
AI Boom Drives Record Bond Issuance, Raising Portfolio Risk Concerns
US investment-grade bond sales hit a June record of $175 billion, up 60% from last year. Tech giants like Nvidia and SpaceX are borrowing he
TSX Rallies Broadly as US Inflation Meets Forecasts and GDP Growth Is Revised Higher
All 10 TSX sectors rose Thursday as US PCE inflation came in as expected and first-quarter GDP was revised higher. Industrials led the rally
European ADRs Rise 1.3% as Biotech and Financials Outperform Energy Laggards
European ADRs climbed 1.3% on Thursday, but the gain was driven by a few big winners in biotech and finance, not a broad rally. Energy stock
Treasury Yields Edge Lower as May PCE Inflation Data Comes in Slightly Cool
US Treasury yields eased after May's PCE inflation report came in slightly cooler than expected. The headline PCE rose 0.4% month-over-month
Asian ADRs Dip as Alibaba and VNET Losses Outweigh 51Talk Surge
Asian ADRs slipped Thursday morning, with the S&P Asia 50 ADR Index down 0.44% to 2,793.79. Alibaba fell 4.7% and VNET dropped 6.2%, oversha
Gold Rebounds Above $4,000 as US Inflation Data Matches Forecasts, Easing Dollar and Yields
Gold rose 0.7% to reclaim the $4,000 mark after a key US inflation report met forecasts. The data eased pressure on the dollar and bond yiel
Gold Steadies Above $4,000 as Dollar Eases, Despite Higher Inflation Reading
Gold nudged higher as the US dollar took a breather, even as the Fed's preferred inflation gauge warmed up. The metal's near-term path may h