July 3, 2025
Tech giants lead the way
Nasdaq and The S&P 500 closed up, lifted by gains in tech stocks and news of a trade agreement between the U.S. and Vietnam that helped ease concerns about an extended trade war. Nasdaq rose, boosted by Nvidia, Apple and Tesla. Nvidia reclaimed the top spot among the most valued companies worldwide in June, as […]
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July 3, 2025
Gold rises as weak ADP employment data strengthens rate cut bets
Gold prices firmed as weaker-than-expected jobs data fueled hopes of the U.S. Federal Reserve cutting rates sooner than anticipated, while investors also awaited the upcoming non-farm payrolls report for further cues on monetary policy.
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July 2, 2025
Fed rate cut bets rise after Powell doesn’t rule out July
Financial market bets rose that the Federal Reserve could start interest-rate cuts as soon as this month after Fed Chair Jerome Powell, asked if July was too soon to consider rate cuts, said he “can’t say” but that the decision would depend on the economic data.
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July 2, 2025
Dollar gains ground against major peers
The U.S. dollar gained ground against major currencies including the euro and the Swiss franc after data showed a better-than-expected increase in labor market demand, indicating the Federal Reserve will likely take its time to cut interest rates.
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July 2, 2025
Oil settles up on signs of strong demand
Oil prices edged higher as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group’s August output policy.
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July 1, 2025
Sterling posts biggest quarterly jump in more than two years
Sterling was on track for its biggest quarterly rise against the dollar in more than two years on Monday, aided by weakness in the dollar across the board and optimism over a trade deal between the United States and Britain.
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