#MarketNews

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

☄️ ECB President Christine Lagarde announced a rate cut to 3.75%, leaving markets uncertain about future monetary policy amid a slower-than-expected path to 2% inflation.

💬 The US May jobs report is expected to show a gradual slowdown in the labor market, with payrolls rising by 180,000 and unemployment, participation, and wage growth remaining unchanged.

🇨🇳 China's exports surged 7.6% in May, exceeding forecasts and highlighting strong global demand despite weak domestic consumption and looming trade barriers.

🇩🇪 The Bundesbank forecasts German GDP growth of 0.3% in 2024, increasing to 1.1% in 2025 and 1.4% in 2026. ECB President Nagel is stressing caution about interest rate cuts.

💳 After implementing rigorous controls, Binance has resumed Mastercard payments for cryptocurrency purchases, although withdrawal services remain unavailable. Mastercard (#MASTERCARD) shares are up 0.45%.

🇯🇵 BOJ's Nakamura supports maintaining current monetary policy, citing doubts about sustainable wage and inflation growth.

🔥 Nvidia CEO Jensen Huang plans to sell up to $735 million in stock under a Rule 10b5-1 trading plan, following the company's market value surpassing $3.1 trillion. Nvidia (#NVIDIA) shares fell 1.18%.

🌏 Alibaba is expanding globally by launching "Alibaba Guaranteed" to attract small US and European businesses. Alibaba (#ALIBABA) stock is up 0.26%.

❓ How was your trading week? Share your opinion in the comments!

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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!

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