OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk.
The crypto market posted gains on Tuesday following the release of the US Consumer Price Index (CPI) report for June, which showed that inflation cooled below market expectations.
TradingKey - Apple ( AAPL) doubles down on on-device AI, which is expected to allow large AI models to run locally on iPhones.The CEO of Silicon Valley AI startup PrismML stated that Apple is in talks
Wells Fargo & Co (WFC) moved down by 3.13%. The Banking & Investment Services sector is up by 0.76%. The company underperformed the industry. Top 3 stocks by turnover in the sector: Goldman Sachs Grou
Palantir Technologies Inc (PLTR) moved up by 4.02%. The Software & IT Services sector is up by 0.13%. The company outperformed the industry. Top 3 stocks by turnover in the sector: International Busin
Uber Technologies Inc (UBER) moved down by 3.56%. The Software & IT Services sector is up by 0.13%. The company underperformed the industry. Top 3 stocks by turnover in the sector: International Busin
Southern Copper Corp (SCCO) moved up by 3.36%. The Mineral Resources sector is up by 1.99%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Freeport-McMoRan Inc (FCX) up
UBS Group AG (UBS) moved up by 3.54%. The Banking & Investment Services sector is up by 0.76%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Goldman Sachs Group Inc (G
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Tuesday that the June Consumer Price Index (CPI) report was encouraging but cautioned against overreacting to a single month of data.
The US Dollar Index (DXY) comes under selling pressure on Tuesday after softer-than-expected United States (US) inflation data prompted traders to scale back expectations of an imminent Federal Reserve (Fed) interest rate hike.
Deutsche Bank strategists note that China’s latest trade figures significantly beat expectations, with both exports and imports accelerating in June. Strong global demand for AI-related and technology goods offset geopolitical pressures, widening China’s trade surplus well beyond consensus.
Qualcomm Inc (QCOM) moved down by 3.04%. The Technology Equipment sector is up by 1.94%. The company underperformed the industry. Top 3 stocks by turnover in the sector: Micron Technology Inc (MU) up
International Business Machines Corp (IBM) moved down by 24.63%. The Software & IT Services sector is up by 0.33%. The company underperformed the industry. Top 3 stocks by turnover in the sector: Inte
NVIDIA Corp (NVDA) moved up by 3.53%. The Technology Equipment sector is up by 1.94%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Micron Technology Inc (MU) up 5.55%
BHP Group Ltd (BHP) moved up by 3.50%. The Mineral Resources sector is up by 1.82%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Freeport-McMoRan Inc (FCX) up 2.32%;
CrowdStrike Holdings Inc (CRWD) moved up by 10.49%. The Software & IT Services sector is up by 0.33%. The company outperformed the industry. Top 3 stocks by turnover in the sector: International Busin
TradingKey - US CPI inflation slowed more than market expectations in June, but Federal Reserve Chairman Warsh made hawkish remarks, emphasizing that the current primary task is to restore price stabi
The Japanese Yen registers gains of over 0.31% against the US Dollar as traders trim hawkish bets following a softer-than-expected US inflation report. The USD/JPY trades at 161.93 after reaching a daily high of 162.48.
Silver (XAG/USD) trades on the front foot on Tuesday as softer-than-expected US inflation data tempers expectations of a near-term Federal Reserve (Fed) interest rate hike and pushes the US Dollar (USD) lower. At the time of writing, XAG/USD trades around $58.50, up nearly 2% on the day.
SanDisk Corporation (SNDK) moved up by 5.17%. The Technology Equipment sector is up by 1.71%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Micron Technology Inc (MU)
Palo Alto Networks Inc (PANW) moved up by 6.32%. The Software & IT Services sector is down by 0.16%. The company outperformed the industry. Top 3 stocks by turnover in the sector: International Busine
Intel Corp (INTC) moved up by 3.20%. The Technology Equipment sector is up by 1.71%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Micron Technology Inc (MU) up 4.63%;
Citigroup Inc (C) moved down by 4.27%. The Banking & Investment Services sector is up by 1.05%. The company underperformed the industry. Top 3 stocks by turnover in the sector: Goldman Sachs Group Inc
Dell Technologies Inc (DELL) moved up by 7.30%. The Technology Equipment sector is up by 1.71%. The company outperformed the industry. Top 3 stocks by turnover in the sector: Micron Technology Inc (MU
The June Consumer Price Index (CPI) fell 0.4% on the month against consensus for a 0.1% decline, following May's 0.5% increase, and the annual rate dropped to 3.5% from 4.2%, well under the 3.8% forecast. Core prices were flat MoM and eased to 2.6% YoY versus 2.8% expected.
United States (US) President Donald Trump reiterated in a Truth Social post on Tuesday, “The Strait of Hormuz is open to ALL ship traffic except for Iran.” He added that the US would impose a “FULL Blockade” only on vessels travelling to or from Iranian ports or carrying Iranian cargo.
TradingKey - On July 14, Eastern Time, AMD ( AMD) resumed its rally, rising 6.05% to $566.73 as of press time.According to people familiar with the matter, a subsidiary of Chinese telecom equipment ma
Bonk (BONK) is gaining momentum, trading around $0.0000039 at the time of writing on Tuesday. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined by 0.4% in June on a seasonally-adjusted basis, marking the sharpest monthly decrease since April 2020.