#MarketNews

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

☄️ The US Treasury Department reported that the national debt has exceeded $35 trillion for the first time in history.

🇫🇷 France's GDP grew by 0.3% in the second quarter, surpassing forecasts and showing economic resilience ahead of President Macron's snap election.

🇯🇵 Bank of Japan Governor Kazuo Ueda is expected to cut bond purchases by 50% within two years and may raise interest rates, decisions poised to shake global markets.

🥇 Rich Asian investors buying gold bars contributed to demand of 1,258.2 metric tons in the second quarter, marking a 4% year-on-year increase and the strongest in over 25 years.

🌐 The S&P 500 increased by 0.1%, with investors closely watching upcoming earnings from tech giants like Microsoft, Meta, Amazon, and Apple.

🛢BP surpassed second-quarter profit expectations with a net profit of $2.8 billion and raised its dividend by 10%, signaling robust financial health despite challenges in refining margins. #BP shares are up 1.53%.

🍎 Apple trained its AI models for the Apple Intelligence system on Google's custom chips, highlighting a move from Nvidia's GPUs in AI development. #APPLE stock is trading at 218.24.

🍷 Diageo reported a 4.8% drop in annual profit, falling short of the expected 4.5% decrease. This was primarily due to a significant 21.1% sales decline in Latin America and the Caribbean. #DGE fell 0.65%.

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

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#MarketNews

👋 Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.

⚡️ Stock traders are eagerly awaiting Fed Chair Powell's signal on interest rate cuts at Jackson Hole. His tone will be crucial in sustaining the market rally amid uncertainty about the Fed's rate path.

🛢 Oil prices dipped slightly due to concerns over weakening demand in China while attention shifted to Middle East ceasefire talks that may affect supply risks.

🇪🇺 Europe's economic growth is fragile, with Germany—experiencing just 0.3% quarterly growth, a 4.4% drop in June exports, and a looming labor shortage—posing the most significant risk.

🇳🇿 New Zealand's population growth slowed to 7,000 in Q2 2024, the weakest in two years, as immigration declined amid economic challenges. NZDUSD trades at 0.6076 today.

🇯🇵 The yen surged 1% against the dollar amid broad US currency weakness as traders anticipate critical central bank statements this week.

💬 Goldman Sachs lowered the odds of a US recession in the next 12 months to 20% from 25% following strong jobless claims and retail sales data.

🍹 Diageo's Indian unit submitted financial documents to Delhi's anti-corruption police in an investigation into billing and discount practices from 2017 to 2020, involving $35 billion in market operations. #DGE stock is down 1.33%.

💳 Mastercard is cutting its global headcount by 3%, affecting around 1,000 employees, as part of a reorganization focused on core business growth. Shares of #MASTERCARD are up 0.04%.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics