US stock indices give up their gains and close lower on the day Alphabet beats Q2 estimates as cloud revenue surges and Gemini usage grows Tesla, Alphabet, ServiceNow, IBM, Texas Instruments all report after the close Iran broadens its threats as the rhetoric turns increasingly…
ngerous ECB expected to hold, but EURUSD is nearing a breaking point after being confined. US has informed Israel of its intention to use bombers in bombing Iran US treasury auctions off $13 billion of 20 year bonds at a high yield of 5.163% The major European indices close higher the 3rd day in a row
Microsoft: AI adoption is “accelerating at an incredible pace”, but stock is not impressed. USTR Greer testifies in the Senate: We are moving with all due speed on USMCA negotiations Crude oil inventories rise 2.010M vs -1.052M estimate Trump News: Iran will pay a big price Trump: If Iran fires at a ship, the US will bomb a bridge/power station. Crude oil remains elevated. investingLive European markets wrap: Oil prices ramp higher as Middle East conflict expands to the Red Sea The USD is little changed to kickstart the North American trading day Red Sea shipping disruption now in focus as vessels are forced to change course The US dollar finished little changed in up-and-down trading as geopolitical tensions in the Middle East continued to overshadow economic data (there was no data released in the US today) With the Fed in its blackout period and little on the US calendar, traders focused on rising oil prices, escalating US-Iran rhetoric, and the potential risks to shipping through the Strait of Hormuz.
The biggest mover today was the USDCHF as it moves higher on yield differential demand . The pair is trading near highs for the day and highs from July at 0.81509. The high price has reached just short of that at 0.8148 (up 0.86% on the day).