More re Fed's Daly - supported decision to hold rates steady at July FOMC meetingAsian tech stocks tumble as AI spending fears hit Nikkei, KOSPIAustralian June trade surplus AU$1.929bn (deficit 1.1bn expected)Fitch says Korea equity volatility poses limited near-term credit riskTrump holds frequent
Just the data this post:Balance of Trade 1.929bn AUDexpected 1.1bn, prior -2.367bn Imports -0.2% m/mprior +2.6%Exports +9.6% m/mprior -6.9% This article was written by Eamonn Sheridan at investinglive.com.
The scale of the refund underscores how significant the Supreme Court's February ruling has been for importers, with more than half of the $166 billion collected under the struck down tariffs now returned. For companies that paid these duties, particularly importers reliant on affected trading relat
US July ISM services index 54.1 vs 54.5 expectedUS July ADP national employment +44K vs +70K expectedUS S&P Global services final PMI 54.6 vs 53.6 prelimFed's Kashkari: Would rather get going with small hikes now rather than waitMarkets:Gold up $169 to $4245US 10-year yields down 1.2 bps to 4.61%WTI
Leverate Capital Markets has ended its membership in Belarus's ARFIN association, which cited the completion of the firm's activities in the country. The National Bank of Belarus, however, still lists the company as an active forex licence holder, with no sign of the exit in the official register.Be
Revolut is in talks with investors to build a new staged incentive scheme for chief executive Nik Storonsky, one that would trigger at a $500 billion valuation, the Financial Times reported, citing people familiar with the matter. The talks are underway while Revolut's most recent secondary round v
Many users of Interactive Brokers (NASDAQ: IBKR) reported difficulties accessing the broker's platform today (Wednesday), with posts on social media indicating login and connectivity issues during US trading hours.Finance Magnates independently verified the reported login issues after being unable t
Prior was 54.0Prices paid 70.3 vs 67.7 priorNew orders 57.2 vs 55.1 priorEmployment 47.4 vs 51.2 priorBusiness activity 59.1 vs 55.4 priorThe S&P Global final PMI for July was released shortly before this report and was at 54.6 vs 53.6 previously, that was an 8-month high. This report missed but the
The handling of the recent sell-off in Asian tech and semiconductor stocks suggests that trading firms and platform providers are taking a more sophisticated approach to managing extreme volatility.For example, when meme stock mania saw retail investors on social media join forces to buy heavily sho
Eight month highPrelim was 53.6Prior was 51.2Composite index 54.5 vs 53.6 prelimPrior composite index 51.9The rate of job creation was the strongest for eight months Overall costs rising at the fastest pace since May 2025Charge inflation remained above its long-run trend and accelerated to a 14-mont
Prior was +98K (revised to 95K)Details:Goods -3K versus +2K last monthServices +47K versus +96K last monthSmall business K vs +53K priorMedium businesses K vs +29K last monthLarge businesses K vs +25K last monthWages:Wages for job stayers 4.4% vs 4.4% last monthWages for job changers 7.0% vs 6.6% la
Headlines:What a difference a week makes in Wall StreetThis may be one of the most important charts in the stock market nowUS president Trump on Iran situation: Things are moving along very nicelyIran reportedly says that Strait of Hormuz agreement with Oman will be delayed so long as US threats con
The UK's Financial Conduct Authority has introduced changes to its initial public offering rules, removing requirements that it said added costs and execution risk for companies seeking to list on public markets.The latest reforms follow the FCA's efforts to revise the UK's capital markets framework
XTB has launched spot cryptocurrency trading in Chile, making the country its first non-European market to receive the long-awaited product. The Warsaw-listed fintech is initially offering 46 crypto assets and plans to expand the selection as the service develops.The cryptocurrency market operates 2
VT Markets has launched a gold CFD that trades 24 hours a day, seven days a week, the broker announced today (Wednesday). Called XAUUSD247, the product uses a one-ounce contract and is available to eligible clients through MetaTrader 5 and the VT Markets App.The rollout adds VT Markets to a growing
June PPI -0.3% vs -0.3% m/m expectedPrior +0.2%Euro area producer prices came in lower in June, matching estimates with a drop of 0.3% on the month. That being said, there is a big caveat to the figure with it owing mostly to a drop back in energy prices at the time. If you exclude energy prices fro
Spotware has added recurring subscriptions to cTrader Store, expanding the marketplace beyond one-time purchases. Developers can now sell access to cBots, indicators and plugins through weekly, monthly, six-month or annual payments.The company launched cTrader Store in December 2024 as a marketplace
Prior 48.8Final Composite PMI 52.2 vs 52.1 prelimPrior 49.3Key findings:Business activity rises for first time in three months Marginal rebound in new orders Slowest increase in input costs since FebruaryComment:Tim Moore, Economics Director at S&P Global Market Intelligence, said: "UK service provi
July final services PMI 51.7 vs 51.6 prelimPrior 49.4July final composite PMI 52.0 vs 51.9 prelimPrior 50.0The final estimate here reaffirms a solid rebound in euro area business activity to start the third quarter. That as the services print is a 5-month high with the composite print being a 8-mont
Prior 48.6Final Composite PMI 51.3 vs 51.2 prelimPrior 49.5Key findings:Service sector moves closer to stabilisation as demand picks upBusiness activity falls only fractionally in July New business rises for first time in five months, albeit marginally Rates of input cost and output price inflation