#MarketNews

☀️ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:

⚡️ France's political turmoil echoes the euro crisis, but with France's deficit at 5.5% of GDP and ECB's more robust tools, "Frexit" fears are overblown.

🇯🇵 Bank of Japan Governor Kazuo Ueda kept the possibility of a July rate hike open despite market skepticism and the bank's upcoming bond purchase reduction.

🇦🇺 The RBA kept the cash rate unchanged at 4.35% as expected, citing easing inflation and labor market conditions but maintaining a cautious outlook on inflation targets.

🔥 Shell will acquire Pavilion Energy from Temasek by Q1 2025, enhancing its leading LNG position with Pavilion's 6.5 million tons per year portfolio. Shares of Shell (#RDSB) are down 0.42%

🛢 Oil prices edged, with Brent slipping to $84.12 per barrel, amid cautious demand outlook, higher global crude inventories, and slower demand growth in China.

📈 The S&P 500 hit its 30th record of 2024 at 5,470 as mega-cap stocks rallied, driven by optimism over economic resilience and anticipation of retail sales data and Fed speeches.

👟 Adidas is investigating compliance violations in China after an anonymous letter alleged corruption among employees, involving kickbacks and misuse of the marketing budget. Adidas (#ADS) stock is down 2.58%

💬 Elon Musk plans to grant stock options to Tesla's high-performing employees as the company reviews compensation amidst a 25% share slump in 2024 and increasing competition. Tesla (#TESLA) shares surged 5.30%.

That's it for today, guys! Click on ❤️ if you liked our review, and see you soon!

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