Market Overview - Page 502

– Russia is experiencing tense relations with the U.S. and Europe and warmer ties with China. – Xi described Russian President Vladimir Putin as his “best friend” on Wednesday. – Europe and the U.S. continue to impose sanctions on Russia..

Europe has made its name as the top cop of tech regulation. The European Commission, the executive arm of the European Union, has imposed a combined $9.5 billion in antitrust fines against Google since 2017, and its boss hints Amazon.

Important upcoming events and publications for June 7 (GMT): 12:30 U.S. Employment Report. Risks for USD: high. At the end of May, employment is expected to grow by 180K after 263K, maintaining the growth rate of wages at 3.2% y/y.

Market focus The policy of the world’s major central banks returns to the focus of markets. On Thursday, attention is on the ECB meeting in anticipation of new steps to soften the tone of monetary policy. In January, the ECB.

– A top military aide to Iran’s supreme leader warned over the weekend that “The first bullet fired in the Persian Gulf will push oil prices above $100.” – Despite regional tensions, oil prices have fallen sharply in recent sessions..

– Facebook is announcing its cryptocurrency later this month, according to The Information. – The company is planning physical ATM-like machines where users can buy the currency, the report says. – Employees working on the project will be able to.

Investors are getting too far ahead of themselves in expectations for the Federal Reserve to cut rates, according to a pair of top bankers at UBS and Goldman Sachs. Hopes for cheaper borrowing costs have spiked on the back of.

Important upcoming events and publications for June 6 (GMT): 08:55 BoE’s Carney Speech. Risks for GBP: high. The speech at the meeting of the Institute of International Finance will draw attention to possible hints at a reversal of the BoE’s.

Christine Lagarde, the IMF’s managing director, said in a briefing note for G-20 finance ministers and central bank governors that taxing all trade between the world’s two largest economies would cause some $455 billion in gross domestic product to evaporate..

A global stock rally sparked by Federal Reserve Chairman Jerome Powell’s dovish comments continued into Wednesday, though the pace of gains slowed amid lingering trade-war concerns. Treasuries edged higher, while the dollar steadied after four days of decline. Technology shares.

Market focus Fed Chairman Powell in his speech on Tuesday noted that, as always, he is ready to soften policies in case of increased risks for economic growth, employment, and inflation. These words convinced market participants that the rates would.

From high-speed internet to smartphones, the 21st century has seen a raft of technological developments transform the way we live, work and play.  One of the more recent innovations to enter the public consciousness are autonomous devices that can perform.