Gold mining stocks across the US plunged after the deepest fall in gold prices in more than a decade. Top producers such as Barrick Gold, Newmont Mining and Eagle Mining all fell more than 8 per cent in early US trading on Tuesday, while the VanEck Gold Mining ETF, which tracks the world's largest miners, tumbled 9.5 per cent, its worst performance since March 2020. Spot gold fell its deepest 6.3 per cent on Tuesday, its biggest one-day fall since 2013, after hitting a record high of $4381.52 a ...
European major stock indexes extended their losses, with European Stoxx 50 futures down 0.9%, German DAX futures down 1.2% and UK FTSE futures down 1%. (Golden Ten)
The US stock market continued to decline, with the Nasdaq Composite Index falling more than 2%; the Nasdaq 100 Index fell as much as 2.4%, its largest decline since April 30.
According to The Information, Oracle (ORCL. N) lost about $100 million on NVIDIA's (NVDA. O) blackwell leasing business. Oracle (ORCL. N) fell as much as 7%, its biggest drop since September 11.
Rumors of OPEC + production increases have weighed on the market, and oil prices have expanded and fallen pending guidance from the meeting. Can Russia's move to ban dealers from exporting diesel have an impact on actual exports?
After the release of the data on the number of initial jobless claims in the United States, U.S. debt continued to decline, and U.S. stock index futures expanded their decline slightly.
The dollar fell to a nine-day low against a basket of currencies after Minneapolis Fed President Kashkari hinted that the Fed could soon resume cutting interest rates. San Francisco Fed President Daly also hinted on Monday that interest rates could be cut soon. Weaker-than-expected US jobs data on Friday boosted expectations for a September rate cut. US money markets now see a 91 per cent chance of a September rate cut, according to LSEG.
The Australian dollar extended its losses against the US dollar AUD/USD, falling 0.75% to 0.6480.
Affected by Trump's tariff policy, the Brazilian real expanded its decline, falling 1.6%.
The dollar fell to its lowest level since February 2022 due to uncertainty over U.S. trade and fiscal policy. The reciprocal tariffs suspended by U.S. President Donald Trump are set to end on July 9. Meanwhile, the U.S. Senate is in the midst of a marathon vote on Trump's tax and spending bill. Investors are becoming more cautious ahead of this week's release of key U.S. job market data. The data includes job openings data for JOLTs due on Tuesday, as well as a non-farm payrolls report on Thursd...