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Global markets calmed after Monday's rally and oil slide. Strong earnings (Palantir, HSBC) and robust U.S. manufacturing data offset Gulf tensions and yen intervention aftermath. Traders await SpaceX…
US factory output was flat in June but grew 4.7% annualized in Q2, the fastest in five years, fueled by AI-related spending and inventory build-up ahead of tariff/war-related price risks.
Weaker US manufacturing data and rising input prices pressure the US dollar, prompting expectations of Fed rate cuts, while EURUSD holds steady amid ongoing Ukraine peace talks.
The US dollar surged to multi-month highs against the euro amid mixed Fed signals on rate cuts and weak US manufacturing. The pound faces pressure from potential BoE cuts, while the yen remains under…