EUR/USD
1.17632
-0.362%
Gold
3344.34
0.166%
Oil
65.318
0.650%
USD/JPY
144.080
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GBP/USD
1.35942
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195.868
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Real-time News
July 2, Danni Hewson, head of financial analysis at AJ Bell, said that the problem is that British Chancellor of the Exchequer Reeves is in a very difficult situation after a series of policy shifts, which means that the money previously expected to be saved from winter fuel subsidies and changes in disability benefits is now simply not possible. This leaves her facing another huge fiscal gap, and the question now is how she should deal with it? Of course, there is a lot of speculation in the market that she will have to raise taxes, but if she really does so after saying that she would not raise taxes, it will be an extremely difficult political problem for the Labour government. Everything that happened in Parliament today has completely disrupted investor sentiment.July 2, a document shows that Google (GOOG.O) has proposed new adjustments to its search results to fend off growing criticism from competitors. A week later, the European Union will hold an important meeting and may impose antitrust fines on Google again. In March this year, the US technology giant was accused of antitrust by the European Union, claiming that it unfairly favored its own services such as Google Shopping, Google Hotels and Google Flights over those of competitors. The document said that Google will meet with competitors and the European Commission to discuss its proposals at a seminar in Brussels on July 7-8.Chris Scicluna, head of European research at Daiwa Capital Markets in London, said on July 2 that it is clear that the market is reassessing the prospects for UK fiscal policy, so the UK government bond yield curve has steepened significantly. The vote in the House of Commons gives people reason to rethink the possible prospects for public borrowing. The market has long realized that the government has gone off track in borrowing and expects corrective measures to be taken in the budget, but if the market continues to move in the direction it is going today, the government may have to announce some news on the revenue side rather than cutting public spending. The Bank of England is clearly evaluating QT and may end asset sales in the fall.Financial blog Zero Hedge: Teslas second-quarter deliveries were slightly lower than expected, avoiding the "worst case scenario".July 2, Microsoft said on Wednesday that it will lay off about 9,000 employees. A person familiar with the matter said the move will affect less than 4% of global employees, who come from different teams, regions and experience levels. Microsoft has carried out several rounds of layoffs this year. In January of this year, the company cut less than 1% of its employees based on performance. The 50-year-old software company laid off more than 6,000 employees in May and at least 300 more in June. As of June 2024, the company has 228,000 employees. Microsofts largest layoffs may have occurred in 2014, when the company laid off 18,000 people after acquiring Nokias device and services business.
