- Wall Street indices are trading lower after erasing gains from the beginning of today's session. S&P 500 drops 0.1%, Dow Jones declines 0.5%, while small-cap Russell 2000 plunges 1%
- Nasdaq bucks the trend with a 0.2% gain at press time, support by a 4% rally in Nvidia shares
- KeyCorp trades 8% higher after it was reported that Scotiabank will take a 14.9% stake in the company. KeyCorp launched today's trading with an around-15% bullish price gap, but gains have been erased during the session
- European stock market indices traded mixed today - German DAX dropped 0.06%, French CAC40 moved 0.26% lower, UK FTSE 100 jumped 0.52%, Dutch AEX added 0.26%, while Polish WIG20 rallied over 3%
- Oil prices rose today in spite of OPEC cutting its global demand forecasts for 2024 and 2025 as Iranian attack is said to be imminent
- Fox News reported that Iran and its regional proxies may launch a massive missile attack against Israel within the next 24 hours in retaliation for killing of Hamas leader in Teheran
- OPEC cut its global demand growth forecast for 2024 to 2.11 million barrels (previously +2.25 million barrels), while demand growth forecast for 2025 was lowered to 1.78 million barrels (previously +1.85 million barrels)
- Canadian building permits slumped 13.9% MoM in June (exp. +5.6% MoM), following a 12.7% MoM drop in May
- Major cryptocurrencies are trading higher today - Bitcoin gains 1.3%, while Ethereum rallies almost 4%
- Precious metals gained in anticipation of Iranian attack on Israel - gold gains 1.6%, while silver, platinum and palladium jump around 2%
- NZD and AUD are the best performing major currencies, while JPY and CHF lag the most
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