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?
Market news: Russia extends sanctions against the UK.
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.
On June 11 local time, the Central Branch of the Los Angeles Police Department in California said that due to the continued protests, some areas of downtown Los Angeles will continue to implement a curfew from 20:00 on the 11th to 6:00 am local time on the 12th. Los Angeles Mayor Bass declared a local state of emergency on the 10th, and some areas of the city center will implement a curfew from 20:00 on the same day to 6:00 am the next day. She also said that the curfew may last for several days...
Trump once again issued erratic remarks related to trade on social media, and the futures of the three major US stock indexes expanded their losses. The Dow futures are now down 0.5%, and the S & P 500 and Nasdaq 100 index futures are down about 0.7%. Ethereum fell below $2,600 again in the day and is now quoted at $2,590.
"Today I received a call from the President of the European Commission, Ursula von der Leyen, requesting an extension of the deadline for 50 per cent tariffs on trade with the European Union until June 1," US President Donald Trump said in a post on social media early this morning. "I agreed to the extension - July 9, 2025 - which is my pleasure. The President of the Commission said negotiations would begin promptly."
HydraDAO, which funds research to extend human lifespan, announced it raised $4.10 million through a HYDRA token sale. HydraDAO is designed to provide humans with biological replacement parts, including whole-body replacements, for maximum lifespan.
Tesla Inc (TSLA. O) extended its premarket decline to 5 percent after its fourth-quarter deliveries fell short of expectations.