#MarketNews

☀️ Happy Wednesday, dear traders! Today, June 26, we're bringing you the day's most thrilling news highlights:

🇪🇺 ECB's Olli Rehn considers market expectations of two more rate cuts in 2024, potentially lowering the deposit rate to 2.25%, as reasonable.

🇨🇳 Economists raised China's 2024 GDP growth forecast to 5% and export growth to 4.3%, citing improved exports despite risks from weak domestic spending and trade tensions.

📈 Nvidia's stock (#NVIDIA) surged 6.8%, its best rebound in three years, after a three-session 12.9% decline. It ranks second in the S&P 500.

⚡️ The Bank for International Settlements says central banks must use AI for real-time data and better inflation prediction but should not replace humans in setting rates.

🇨🇦 Canada's May CPI rose to 2.9% year-over-year, beating the 2.6% estimate. This reduced the Bank of Canada's July rate cut odds to 52%.

🇯🇵 Traders say Japan is unlikely to intervene in the yen's decline before Friday's US PCE data, despite the yen's 12% drop against the dollar this year.

⛽️ The global LNG market faces supply risks from Russian sanctions, aging plants (25% are over 20 years old), shipyard bottlenecks, and a US licensing pause that could potentially delay 70 million tons of new capacity.

📦 FedEx (#FDX) shares jumped over 15% after hours as $4 billion cost-cutting measures led to better-than-expected fiscal Q4 earnings and revenue.

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

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#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

☄️ Major banks are split on Fed cuts, with Goldman Sachs predicting quarter-point reductions through June 2025, JPMorgan expecting a 0.5% cut in November, and traders pricing in 2% by September 2024.

🇨🇳 China is considering easing homebuying restrictions, including for non-locals, to boost its $5.4 trillion housing market as the CSI 300 Index has fallen 7% this year.

🇬🇧 The British pound reached its highest point since March 2022 after the Bank of England kept its key interest rate at 5%.

🇩🇪 Germany's economy is expected to resume growth at the end of 2024. Static growth is forecast for Q3 and 0.2% growth in Q4, lagging behind the eurozone's projected 0.3% growth.

👟 #NIKE replaced its CEO, offering a $1.5 million base salary and potential 200% bonuses. As a result, shares jumped 7% despite a 25% stock drop this year.

🚀 Nvidia and G42 are creating a climate tech lab using Nvidia's Earth-2 system, leveraging 100+ petabytes of data. G42 is backed by a $1.5 billion Microsoft investment. #NVIDIA shares are up 3.97%.

🔪 Goldman Sachs' breakup with Apple could cost the bank between $500 million and $4 billion, potentially forcing Goldman to eliminate one of its three business lines. #GS stock is up 3.97%.

📦 FedEx (#FDX) reported Q1 earnings of $3.60 per share and revenue of $21.6 billion, falling short of analysts' forecasts of $4.86 per share and $21.96 billion in revenue.

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

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