Microsoft Announces Further Mass Layoffs: Is the AI Revolution Slowing?
Microsoft has announced another round of layoffs, affecting approximately 9,000 employees, nearly 4% of its global workforce. This marks the second wave...
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Market news
UK bond yields have taken a step higher as we progress through Wednesday, and Prime Minister’s questions has not eased concern that the bond vigilantes are circling. UK bonds are tanking today. As prices fall, yields rise, and the 10-year yield is up more than 10 bps, the 30-year yield is higher...
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Stocks are drifting at the start of Q3 as we lead up to some key event risks. Although President Trump’s Budget bill passed the Senate, he is holding firm with his July 9th deadline to reinstate reciprocal tariffs on some nations including Japan. European stock indices are higher on Wednesday and...
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Oil: Oil remains under pressure amid expectations that OPEC+ will decide on another strong restoration of production at 411,000 barrels per day in August. If such a decision were made, it would be the fourth consecutive strong increase in production. Voluntary production cuts in 2023 amounted...
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Microsoft has announced another round of layoffs, affecting approximately 9,000 employees, nearly 4% of its global workforce. This marks the second wave...
United States - EIA Data: EIA Weekly Distillates Stocks: Actual: 3.845M. forecast -1.650M; previous -4.066M; Gasoline Inventories: Actual:...
UK bond yields have taken a step higher as we progress through Wednesday, and Prime Minister’s questions has not eased concern that the bond vigilantes...
01:15 PM BST, United States - Employment Data for June: ADP Nonfarm Employment Change: actual -33K; forecast 99K; previous 29K; The...
Stocks are drifting at the start of Q3 as we lead up to some key event risks. Although President Trump’s Budget bill passed the Senate, he is holding...
MicroStrategy has bought another 4,980 BTC for $531.9 million, bringing its total to 597,325 BTC Metaplanet, a Japanese firm, purchased 1,005...
Today we’ll receive the first jobs report from the U.S. this week. Although its importance has declined somewhat recently, it remains a publication...
Asian markets are having a generally calm session. The main indexes are seeing moderate gains in the range of 0.00–0.60%, with the biggest...
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,”...
Wall Street is going back to cautious as strong labour market data and status-quo-reaffirming remarks from Fed’s Chair Jerome Powell push back the...
03:00 PM BST, United States - ISM Data for June: ISM Manufacturing PMI: actual 49.0; forecast 48.8; previous 48.5; ISM...
The precious metal has risen over 1.3% today, testing the vicinity of $3350 per ounce. Furthermore, it has recovered above the support zone associated...
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