Net sales of 2.72 trillion yen mark the largest foreign equity withdrawal by Japanese investors since April 2021. Japanese investors sold a net 2.72 trillion yen ($16.98 billion) in foreign stocks in May, the largest monthly exit in nearly five years. The selloff followed
Elon Musk’s SpaceX has entered into a multi-year cloud services agreement with Google, valued at $920m per month starting from October 2026. SpaceX, which is preparing for a stock market listing, has outlined the terms of the arrangement in a regulatory filing As pa
Bank of Canada expected to pause rate hikes for a fifth meeting amid contained inflation, contrasting with market bets on 50bps of tightening. The Bank of Canada is set to keep its policy rate unchanged at 2.25% for a fifth consecutive meeting on Wednesday, as inflation re
SpaceX, the rocket and satellite company founded by Elon Musk, will hold its initial public offering (IPO) on Friday, June 12. The stock will be listed on the Nasdaq Exchange under the ticker symbol SPCX SpaceX has officially priced its IPO at $135 per share. With a
The euro edges up against the Canadian dollar near 1.6070 despite rising oil prices weighing on the commodity-linked CAD. The euro regained ground against the Canadian dollar on Monday, trading around 1.6070 after losing over 0.5% in the previous session. The currency pair
The Euro gains against the Canadian Dollar despite higher oil prices, supported by strong Canadian jobs data and Middle East tensions. EUR/CAD climbed to 1.6070 during European trading hours on Monday, recovering from a 0.5% loss the prior day. The currency pair advanced a
AUD/USD posts second-largest one-day loss of the year The AUD/USD pair has dropped toward 0.7040, marking its second-largest one-day loss of the year. The near-term outlook suggests the pair may test 0.7020. A sustained break below this level is seen as a s
UOB analysts forecast further declines in the Australian dollar after its second-largest daily drop this year. The Australian dollar fell sharply against the US dollar, nearing 0.7040 in its second-largest one-day loss of 2024. UOB analysts noted the decline, with near-ter
SMCX dropped to $23.22 after Broadcom and SMCI earnings misses triggered a sector-wide selloff in AI-related stocks. The Defiance Daily Target 2X Long SMCI ETF (SMCX) fell 22% on June 5, 2026, closing at $23.22 after opening near $29.95. The decline mirrored a 11% drop in
A 350 basis point spread increase in USHY could erase a year of income gains, analysts warn, amid rising macro risks. The iShares Broad USD High Yield Corporate Bond ETF (USHY) faces a potential 3-4% price decline if high-yield spreads widen beyond 350 basis points in the
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