EUR/USD
1.14509
0.622%
Gold
4087.61
2.168%
Oil
79.155
1.748%
USD/JPY
161.932
-0.317%
GBP/USD
1.34095
0.479%
GBP/JPY
217.156
0.158%
Real-time News
IBM (IBM.N) shares fell as much as 26%, marking its biggest intraday drop in history.JPMorgan Chase CEO Jamie Dimon: We don’t need to panic when banks fail.U.S. bank stocks were mixed, with Goldman Sachs (GS.N) rising more than 5%, Morgan Stanley (MS.N) rising more than 2%, JPMorgan Chase (JPM.N) falling 1%, and Wells Fargo (WFC.N) falling more than 4%.On July 14th, German two-year bond yields rose to 2.7985% intraday on Tuesday, the highest level since July 2024, due to market concerns that the conflict in Iran could drive up energy prices, potentially reigniting inflation and prompting central banks to further tighten monetary policy. However, subsequent data showing a stronger-than-expected drop in the US June Consumer Price Index (CPI) strengthened market expectations that the Federal Reserve would adopt a more dovish policy path, causing Eurozone bond yields to pare their gains. Money market pricing indicates that the European Central Banks deposit rate is expected to rise to 2.68% by December this year, up from the current 2.25%, and has already fully priced in the expectation of a 25 basis point rate hike in September.July 14th - Data released by the U.S. Bureau of Labor Statistics (BLS) showed that the Consumer Price Index (CPI) fell 0.4% month-over-month in June, while rising 3.5% year-over-year, both figures falling short of market expectations. The weak inflation data eased pressure on the Federal Reserve to raise interest rates this month. Corpays chief market strategist, Karl Schamotta, noted that as traders lowered their expectations for a July rate hike by the Fed, the dollar continued to weaken against major currencies, extending its overnight decline and falling across the board against commodity currencies and interest rate-sensitive currencies.
