Markets
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US ADP job market data lower than expected – US100 reacts
U.S. ADP private payrolls increased by 98,000 jobs in June, missing market expectations of 120,000 and down from the previous…
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Trade of The Day – US500
Facts: The market is currently pricing in a 49% probability of a rate hike in September . Major investment banks…
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The defense industry is recouping losses – is this a trend change?
European and U.S. defense companies are reporting further orders that point to sustained demand for military equipment. After many months…
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Cocoa prices are rising again. Will chocolate become even more expensive?
Key takeaways ICE cocoa futures have climbed back above $5,000 per tonne, nearly doubling from their late-February lows as investors…
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Chart of The Day – Gold Below Psychological $4,000 Level as Rate Hike Fears Deepen
Gold has slipped back below the psychological barrier of $4,000 per ounce, remaining trapped at 8-month lows. The precious metal…
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Defence stocks rebound, European indices hover at all-time high – Rheinmetall gains 4%
European equities opened Wednesday’s session without a clear direction after the STOXX Europe 600 closed at a fresh all-time high…
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Nike Slides After Earnings – Shares Hit a 12-Year Low
Key takeaways Nike warns of a longer turnaround as weak China demand overshadows earnings beat The company reported revenue of…
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Eurozone Manufacturing PMI: EURUSD ticks up on production growth and easing inflationary pressures
The eurozone manufacturing sector showcased encouraging resilience at the close of the first half of the year. While the headline…
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Iron Ore Slides Toward 1-Year Low
Iron ore futures fell below CNY 740 per ton, drifting toward their lowest levels in nearly a year as new…
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Aluminum Drops to Lowest in Over 4 Months
Aluminum futures in the UK fell below $3,100 per tonne, the lowest since February, pressured by a stronger US dollar…
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