MarketNews 07/03/2024
Stay updated with the latest market news and analysis on FourTrades. Get in-depth insights, technical analysis, and trade ideas to make informed trading decisions. Whether you are a beginner or an intermediate trader, our expert analysis helps you navigate the financial markets with confidence.
fourtrades
#MarketNews 07/03/2024
☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:
???? Alibaba is actively increasing its buyback volume amid declining stock prices, raising its buyback to $5.8 billion last quarter. Alibaba shares rose by 2.06%.
???? Robinhood has expanded its crypto trading services to Hawaii, Puerto Rico, and the Virgin Islands. #HOOD shares are trading at 22.44.
???? Airbus received an order for 152 aircraft worth $24 billion from Philippine airline Cebu Air. #AIR shares rose to 131.86.
???? Fed Chairman Powell said that the disinflation process has resumed, but more confidence is needed to start cutting rates. Inflation could reach the 2% target by the end of 2025 or 2026. The UsDollar rose to 105.67.
???????? The Bank of Japan and the Ministry of Finance have warned that they are prepared to intervene in response to strong fluctuations. Vanguard expects the yen to fall to 170. USDJPY rose to 161.79.
???? By 2030, global LNG supply is expected to exceed demand by 11% due to the launch of new LNG projects outpacing demand growth, according to BloombergNEF. XNGUSD dropped to 2.45.
???? The US Department of Energy sold 1 million barrels of gasoline from reserves to lower gas prices ahead of Independence Day on July 4th. XBRUSD trades at 86.50.
???? According to FT, the EU plans to impose import duties on all goods from Chinese e-commerce platforms, including Aliexpress, Temu, and Shein, even on items valued under €150.
That's it for today, guys! Click on ????if you liked our review, and see you soon!
