- Major European bourses finished today's session only slightly lower, with DAX 30 losing 0.23% as Pelosi visit in Taiwan failed to trigger large scale sell-off as some investors feared.
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Unemployment in Spain increased in July for the first time since February of 2021, another sign that a recession in Europe may be on the horizon.
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BP recorded its biggest profit in 14 years as energy bills soar. The company announced a 10% increase in its quarterly dividend payout.
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Mixed moods prevail on Wall Street as market attention turned to House Speaker Nancy Pelosi's visit to Taiwan. Beijing said such a visit would be a flagrant violation of the "one China" policy controlling the territory's status and an indication of American support for Taiwanese independence.
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While her visit did not lead to any military actions, the Chinese army announced it will conduct important military exercises and training activities including live-fire drills in six regions surrounding the Taiwan island from Thursday to Sunday.
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Uber soared over 15% after beating analysts’ expectations for revenue despite heavy second-quarter losses.
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Pinterest rallied more than 10% despite weak quarterly figures, after activist investor Elliot Management revealed that it became the largest shareholder in the company as it sees a significant potential for growth.
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Fed's Evans said that a 50 bps hike in September is a reasonable assessment, but 75 is also ok. He does not expect a 100 bp increase.
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Fed's Mester said to the Washington Post that does not believe we are in a recession and pointed to a healthy labour market.
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US job openings plunged to 9-month low.
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Brent crude jumped above $102.00 per barrel and WTI tested $ 95.60 per barrel as oil trades brace themselves for tomorrow’s OPEC meeting
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Gold rose at the beginning of the session, however buyers failed to break above $ 1790 per ounce and price returned to $1770 level.
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Currently USD and CAD are the best performing major currencies while NZD and AUD lag the most.
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Cryptocurrencies are trading slightly higher on Tuesday. Bitcoin price returned above $23.000, while Ethereum rose to $1645.
Silver price bounced off 50 SMA (red line) and is approaching psychological support at $20.00 per ounce. Source: xStation5
