Live Forex News
Real-time financial news from around the world.
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NZX 50 Flat, Poised for Weekly Loss
The NZX 50 was almost flat, trading around 13,103 in Friday morning trade, after retreating in the previous two sessions and staying at its lowest level since May 26, as gains in consumer staples and financials were offset by declines in industrials and communication services. Traders continued to assess the possibility that New Zealand could face a new 12.5% tariff from the US after the US Trade Representative said that 54 economies, including New Zealand, have failed to impose and effectively enforce a prohibition on goods produced with forced labour. Traders also awaited the release of US jobs data later today, as well as US inflation data and China's inflation and trade balance figures due next week. Among individual stocks, Freightways Group fell 2.2%, Ryman Healthcare dropped 2.1%, and Westpac Banking Corp. shed 0.6%, while A2 Milk and Ebos Group rose 1.2% and 0.9%, respectively. For the week, the index fell 1.1%, marking its first decline in three weeks.
Crypto Updates: Binance Depreciates by 3.61%
Top crypto losers are Binance (-3.61%), XRP (-3.54%), Ether (-2.92%) and Bitcoin (-0.91%).
Agricultural Commodities Updates: Cocoa Drops by 3.54%
Top commodity losers are Cocoa (-3.54%) and Cotton (-2.52%). Gains are led by Wool (1.55%) and Lumber (1.51%).
Metals Commodities Updates: Iron Ore Falls by 1.69%
Top commodity losers are Iron Ore (-1.69%), Iron Ore CNY (-1.60%) and Lithium Carbonate (-1.32%). Gains are led by Silver (1.58%), Platinum (1.27%) and Gold (0.97%).
Energy Commodities Updates: Naphtha Slumps by 5.04%
Top commodity losers are Naphtha (-5.04%), Heating Oil (-4.72%), Crude Oil WTI (-3.40%) and Brent Crude Oil (-2.72%). Gains are led by Natural gas (4.37%), Methanol (0.87%) and Coking Coal (0.61%).
FX Updates: Brazilian Real Appreciates by 0.32%
Top currency gainers are Brazilian Real (0.32%), Swiss Franc (0.32%), Mexican Peso (0.30%) and Euro (0.13%). Biggest loser is Dollar Index (-0.10%). Meanwhile, British Pound and Japanese Yen were little changed.
Canadian Stocks Hit Fresh Record High
Canada's S&P/TSX Composite Index rose 1.2% to a record closing high of 35,217 on Thursday, supported by improving global risk sentiment following reports of a conditional ceasefire between Israel and Lebanon, which fueled hopes that a broader agreement involving Iran could be reached. Healthcare, industrial, and financial stocks led the advance, while battery metals and telecommunications shares underperformed. Among the top gainers were Royal Bank of Canada (+1.9%), Toronto-Dominion Bank (+1.2%), Agnico Eagle Mines (+2.9%), and Barrick Mining Corporation (+2.1%). In contrast, TransAlta Corporation and Transcontinental were the session's weakest performers, falling 10.4% and 9.8%, respectively.
Dow Closes at New High
The Dow Jones surged 875 points on Thursday to close at a record high, while the S&P 500 gained 0.4%. The Nasdaq underperformed, edging 0.1% lower as investors rotated out of technology stocks and into other sectors. Health care, financials, communication services, and real estate led the market higher. Notable gainers included JPMorgan Chase (+3.3%), Visa (+2.5%), Johnson & Johnson (+4.6%), UnitedHealth Group (+5.2%), and Goldman Sachs (+4.9%). In contrast, tech stocks were the weakest performers. Broadcom plunged 12.6% as its forecast for AI-chip revenue fell short of most expectations. Advanced Micro Devices and Micron Technology also declined, falling 3.6% and 7.7%, respectively. Meanwhile, investors continued to monitor developments in the Middle East. Reports of a conditional ceasefire between Israel and Lebanon raised hopes that a broader agreement involving Iran could be reached, contributing to a decline in oil prices.
Colombia Producer Inflation Highest Since January 2025
Producer prices in Colombia rose 6.8% year-on-year in May 2026, the biggest increase since January 2025, following a 4.5% rise in April. Mining recorded again the biggest price increase (28.2% vs 16.6% in April) while industry prices went up 3.7% (vs 2.3%) and cost for agriculture, livestock and fishing slowed (3.2% vs 3.5%). On a monthly basis, producer prices increased 0.8%.
Crypto Updates: Binance Drops by 2.40%
Top crypto losers are Binance (-2.40%), Ether (-2.25%), XRP (-2.24%) and Bitcoin (-0.36%).
Realty Income Stock Price Hits 5-week Low
Realty Income shares decreased to 320.50 USD, the lowest since April 2026. Over the past 4 weeks, Realty Income lost 2.96%, and in the last 12 months, it decreased 12.39%.
Agricultural Commodities Updates: Cocoa Drops by 3.51%
Top commodity losers are Cocoa (-3.51%) and Cotton (-2.43%). Gains are led by Wool (1.55%) and Lumber (1.51%).
Metals Commodities Updates: Silver Gains by 1.89%
Top commodity gainers are Silver (1.89%), Platinum (1.42%) and Gold (0.98%). Biggest losers are Iron Ore (-1.69%), Iron Ore CNY (-1.60%) and Lithium Carbonate (-1.32%).
McDonalds Stock Price Hits 21-month Low
McDonalds shares decreased to 271.97 USD, the lowest since August 2024. Over the past 4 weeks, McDonalds lost 4.58%, and in the last 12 months, it decreased 11.93%.
Energy Commodities Updates: Heating Oil Tumbles by 5.05%
Top commodity losers are Heating Oil (-5.05%), Crude Oil WTI (-4.23%), Gasoline (-3.61%) and Brent Crude Oil (-3.48%). Gains are led by Natural gas (4.45%), Methanol (0.87%) and Coking Coal (0.61%).
Coca-Cola Stock Price Hits 4-week Low
Coca-Cola shares decreased to 77.83 USD, the lowest since May 2026. Over the past 4 weeks, Coca-Cola lost 0.78%, and in the last 12 months, it increased 9.82%.
Dow Rises to New Record
US stocks swung to trade mostly higher on Thursday as a pullback in oil prices softened inflationary risks, offsetting a pivot out of semiconductor companies after Broadcom released results. The S&P 500 rose 0.4% and the Dow gained over 900 points to a new record high. Despite repeated clashes, Israel and Lebanon signed a ceasefire that could pave the way for a US-Iran peace deal, lowering oil prices and bond yields. Banks and asset managers rebounded, with JPMorgan, Wells Fargo, and Morgan Stanley adding 4%, while Blackstone soared 8% despite capping private credit redemptions. In turn, the Nasdaq 100 fell 0.5% amid fresh selling for semiconductors, which have supported equity indices this year. Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. Micron and AMD followed with losses of over 4%. Also, Crowdstrike also slipped 6% after posting its earnings.
Citigroup Stock Price Hits 17-1/2-year High
Citigroup shares increased to 135.41 USD, the highest since November 2008. Over the past 4 weeks, Citigroup gained 5.77%, and in the last 12 months, it increased 76.6%.
AT&T Stock Price Hits 16-month Low
AT&T shares decreased to 22.88 USD, the lowest since January 2025. Over the past 4 weeks, AT&T lost 11.58%, and in the last 12 months, it decreased 17.51%.
US Mortgage Rates Ease from 9-Month High
The average rate on a 30-year fixed-mortgage was at 6.48% in the first week of June, easing from the nine-month high of 6.53% in the previous week, according to data compiled by Freddie Mac. The pullback was consistent with the drop in long-term Treasury yields over the period as signs that the US is chasing an agreement with Iran to extend their ceasefire lowered prices of key energy commodities.
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