Global markets rise after US-EU trade agreement
A new trade deal between the US and the EU brought relief and optimism to global markets, impacting stocks and currencies worldwide.
Weekly Bulletin - World
Busy week on Wall Street as 'Magnificent 7' lead earnings season
Big tech companies ('Magnificent 7') drive S&P 500 earnings growth, with investors following one of the busiest reporting weeks of the year.
US Fed expected to hold rates steady despite political pressure
The Federal Reserve is expected to keep interest rates unchanged amid political pressure and mixed economic signals.
Hedge funds cut tech exposure, increase allocation to essentials
Hedge fund activity shows a shift from tech stocks to essential sectors as the S&P 500 reaches record highs.
Unexpected drop in US capital goods orders signals slowdown
New orders for US capital goods fell, suggesting a possible slowdown in business investment in Q2.
US push on stablecoins threatens EU monetary autonomy, ECB warns
The European Central Bank warns of risks to its monetary autonomy due to the rising dominance of US dollar-linked stablecoins.
India’s exports at risk amid global slowdown and US tariff uncertainty
The Indian government highlights risks to its exports due to sluggish global growth and unresolved US trade tariffs.
China reports another drop in industrial profits in June
China’s industrial profits continue to fall due to producer price deflation and weak domestic demand.
Bank of England may slow quantitative tightening after yield spike
The Bank of England may slow down balance sheet reduction following a sharp rise in UK government bond yields.
UK-India free trade deal set to boost services and commerce
The UK and India reached a trade agreement expected to significantly boost service sectors such as finance and accounting.
Top Gainers
- RGC Regencell Bioscience Holdings Limited (RGC): Surged more than 4,000%, driven by breakthroughs and high expectations in the biotech sector.
- Quantum Computing Inc. (QUBT): Gained over 2,200%, fueled by key developments in quantum computing and growing interest in innovative tech.
- D-Wave Quantum Inc. (QBTS): Jumped around 1,800%, supported by advances in quantum computing and market expansion.
- Hess Corporation (HES): Rose 7.58%, boosted by recovering oil prices and strong financial results.
- Newmont Corporation (NEM): Increased 6.89%, benefiting from the appreciation of precious metals amid global uncertainty.
Top Losers
- Charter Communications Inc. (CHTR): Fell 18.49%, impacted by weaker-than-expected results and regulatory uncertainties.
- Intel Corporation (INTC): Dropped 9.41%, affected by supply chain challenges and intense competitive pressure.
- West Pharmaceutical Services Inc. (WST): Declined 5.59%, due to concerns over growth prospects and pressure in the healthcare sector.
- Comcast Corporation (CMCSA): Down 4.86%, amid volatility in the telecom sector and cautious investor sentiment.
- A. O. Smith Corporation (AOS): Dropped 2.92%, reflecting adjustments in the industrial sector and conservative economic outlooks.
