Gold dips 2% as strong dollar ($) curbs demand; still up 50% YTD. Traders eye Fed cues for next move.
Tech valuations spark trader fears; Dow futures tick up as AMD slides post-earnings. Retail sees worst day since April.
Goldman Sachs & Morgan Stanley CEOs warned of potential 10–15% equity drawdowns, citing stretched valuations & fragile sentiment. Both said the tech sector looks expensive, with Solomon noting that even modest shocks could shift market psychology.
PBOC is expected to set the USD/CNY reference rate at 7.1336 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
The overall index has drifted lower since May, coinciding with the peak in dairy prices that month. However, compared to a year ago the index is still up 4.4%.
RBNZ Governor Hawkesby says house prices and credit growth not raising red flags Reserve Bank of New Zealand Governor Hawkesby speaking, no movement from the kiwi $ on this
the Bank of Japan minutes portray a central bank balancing cautious optimism on inflation with lingering global risks, reinforcing expectations that the BOJ will continue on a measured, data-dependent path toward policy normalisation.
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