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UK PM Starmer: My work is done

United Kingdom (UK) Prime Minister (PM) Keir Starmer, the seventh PM since Britain’s exit from the European Union (EU), delivers his resignation to King Charles at Buckingham Palace. Keir said in his final speech that h…

Japanese Yen: BoJ expectations skewed to upside – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects Japan’s June Consumer Price Index (CPI) to edge higher across headline and core measures, with core ex fresh food and energy steady at 1.8%. Swaps discount a 25 bps B…

Euro: Growth validation needed for value case – BNY

BNY’s Geoff Yu argues that Euro (EUR) assets show emerging value as the European Central Bank (ECB) holds policy and inflation pressures ease, but stresses that Purchasing Managers’ Index (PMI) data and earnings must co…

Why is IP stock rallying today?

The US stock market surge today is not just about one earnings beat or one piece of economic data. It is the product of a very strange, very specific moment in financial history — where geopolitical chaos, an oil shock,…

British Pound: Burnham honeymoon meets fiscal reality – ING

ING’s Chris Turner writes that Sterling has benefited from expectations Andy Burnham will appoint a fiscally cautious chancellor, alongside stale short positioning and M&A-related flows into United Kingdom (UK) equities…

Forex Today: Oil prices rise further, keeping markets on edge

Oil prices climb higher at the beginning of the week as there are no signs of a de-escalation of the crisis in the Middle East. In the second half of the day, Statistics Canada will publish the Consumer Price Index (CPI…

FDA says Taylor Farms cyclospora finding was a false positive

Amid a nationwide rise in cases of cyclosporiasis — the illness caused by the “explosive diarrhea” parasite — officials have identified one possible source of an outbreak spanning Michigan and several other states.

Swiss Franc gains ground ahead of Trade Balance data

USD/CHF extends its gains for the second successive day, trading around 0.8070 during the Asian hours on Monday. The pair depreciates as the Swiss Franc (CHF) receives support ahead of the release of Trade Balance data …