Why is Kia stock tumbling today?
The Dow Jones Industrial Average fell 792.67 points, or 1.72%, to 45,167.44. The S&P 500 declined 113.35 points, or 1.75%, to 6,363.75, while the Nasdaq Composite dropped 459.72 points, or 2.15%, to 20,948.36.
Forex
US S&P Global PMI expected to highlight resilient business activity in July
S&P Global will release the July flash Purchasing Managers' Indices (PMIs) for the United States (US) on Friday. These surveys of top private-sector executives are seen as an early indicator of the country’s economic he…
Turkish Lira: Tight CBRT funding offers marginal support – Commerzbank
According to Commerzbank’s Tatha Ghose, the Central Bank of the Republic of Türkiye (CBRT) kept its one-week repo rate at 37.0% and maintained the corridor at 35.5%-40.0%. With the repo window still closed, effective fu…
Euro holds steady vs British Pound after stronger Eurozone, UK data
EUR/GBP trades around 0.8550 at the time of writing on Friday, remaining broadly stable despite a series of stronger-than-expected economic releases from the Eurozone and the United Kingdom (UK). Investors continue to f…
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.40 per troy ounce, up 1.98% from the $57.27 it cost on Thursday.
US Dollar: Fed expectations keep upside in focus – ING
ING’s Chris Turner notes the US Dollar (USD) is supported as higher energy prices fuel expectations of further central bank tightening, with markets pricing more hikes from the European Central Bank (ECB) and Bank of En…
Japanese Yen remains pinned near 40-year low as Fed-BoJ rate gap keeps carry trade active
The USD/JPY pair edges lower on Friday as bulls turn cautious in anticipation of a potential government intervention to prop up the Japanese Yen (JPY). Nevertheless, spot prices remain within striking distance of the fo…
Forex Today: New wave of US tariffs, deepening Middle East conflict keep markets on edge
Financial markets remain risk-averse heading into the weekend as investors now have to assess the impact of a new wave of tariffs imposed by the United States, while keeping a close eye on news coming out of the Middle …
Equities: Oil shock and tech earnings hit equities – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 and Nasdaq fell sharply as surging Oil prices and stagflation fears weighed on risk assets. Weak post‑earnings reactions in Tesla and Alphabet dragged the Mag 7 index…
Russian Ruble: CBR seen holding rate despite pressure to cut – Commerzbank
Commerzbank’s Tatha Ghose expects Russia’s central bank to keep its key rate at 14.25%, despite political and economic pressure for a cut. Surging inflation expectations, higher Oil and commodity prices, and acceleratin…
British Pound steadies against Japanese Yen following outperformance in UK Retail Sales
GBP/JPY remains calm after six days of losses, trading around 218.20 during the early European hours on Friday. The currency cross holds its ground as the British Pound (GBP) receives support from the release of stronge…
USD/CAD Price Forecast: Softens below 1.4100, but bullish outlook stays intact above key support
The USD/CAD pair trades in negative territory near 1.4075 during the early European trading hours on Friday. Escalating conflicts in the Middle East boost crude oil prices, supporting the commodity-linked Canadian Dolla…
ECB's Kocher: Don't see evidence of second-round effects
European Central Bank (ECB) Governing Council member Martin Kocher said on Friday that he doesn’t see any hard evidence of second-round effects, but the central bank will act if the inflation outlook deteriorates.
British Pound retreats from 1.3340 as bright UK data fails to offset risk aversion
The British Pound (GBP) remains depressed near three-week lows against the US Dollar (USD) on Friday, with upside attempts capped below 1.3340, and on track for a 1% weekly decline. The upbeat UK Preliminary S&P Global …
Indian Rupee rises as RBI intervention suppresses impact of higher oil prices
The Indian Rupee gains strongly after a flat opening against the US Dollar (USD) on Friday. The USD/INR pair declines to near 96.50 as the Reserve Bank of India (RBI) has intervened again to support the Indian Rupee.
Seaplane crashes in Washington state, all 11 people on board accounted for
SUCIA ISLAND, Wash. — Emergency crews responded Thursday after a Kenmore Air seaplane went down in the water near Sucia Island in San Juan County.
US prosecutors drop New York Times subpoenas in Trump plane leak probe
WASHINGTON (AP) — The Department of Justice has subpoenaed New York Times journalists after they reported on security concerns involving the new, Qatari-gifted Air Force One, marking a dramatic escalation of President D…
AUD/JPY Price Forecast: Holds gains above 114.00, bullish vibe remains intact above 100-day SMA
The AUD/JPY cross trades in positive territory around 114.25 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on a strong Australian employment re…
Gold extends slide as inflation fears lift Fed hike bets and USD amid Trump's tariffs
Gold (XAU/USD) attracts sellers for the second straight day on Friday and weakens further below the $4,050 level during the Asian session. Escalating US-Iran tensions remain supportive of elevated crude oil prices, fuel…
EUR/JPY Price Forecast: Eyes rising wedge top near 187.00
EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and …
United States Dollar Index holds gains near 101.50 on revival of hawkish Fed bets
The US Dollar (USD) clings to the previous day’s gains in the Asian session on Friday, as surging oil prices due to intensified Middle East energy supply risks have revived Federal Reserve (Fed) interest rate hike expec…
Silver Price Forecast: XAG/USD holds gains above $57.50 despite rising Fed rate hike odds
Silver price (XAG/USD) inches higher after registering over 4% losses in the previous day, trading around $57.60 per troy ounce during the Asian hours on Friday. However, higher oil prices tied to Middle East tensions a…
British Pound rebounds above 1.3300 ahead of UK Retail Sales data
The GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions i…
Canadian Dollar edges higher vs soft USD; bulls seem hesitant amid mixed cues
The USD/CAD pair attracts fresh sellers during the Asian session on Friday and currently trades around the 1.4070 zone, down 0.10% for the day amid a softer US Dollar (USD). Spot prices, however, hold above the previous…