Live Updates

    6 May 2025
    Phillip Swagel, CBO director, indicated the US debt ceiling deadline may advance due to economic conditions

    Debt ceiling X-date expected late summer; stable revenues; spending risks may shift projections amid uncertainties.

    6 May 2025
    The USD declined against most major currencies, while the S&P and NASDAQ closed lower today

    USD declined broadly; stocks fell in U.S.; gold rose; oil dropped despite OPEC+; yields climbed.

    6 May 2025
    Following an OPEC production increase, WTI Crude Oil prices are recovering from recent drops

    WTI crude rebounds after OPEC output plan; Russian exports, sanctions, and technical levels drive volatility.

    6 May 2025
    In the upcoming fortnight, Trump plans to declare tariffs on pharmaceuticals according to sources

    Trump plans new pharmaceutical tariffs to reduce import reliance, sparking concerns over drug costs and trade impact.

    6 May 2025
    Pressure on the US Dollar persists as investors anticipate upcoming central bank rate decisions

    US Dollar weakens further; markets eye central bank moves, key data, commodity shifts, and global PMIs ahead.

    6 May 2025
    Lutnick expressed that a complex trade agreement with Canada might be achievable despite challenges.

    US Commerce Secretary Lutnick highlighted trade deal challenges with Canada, signaling no agreement is expected soon.

    6 May 2025
    The GBP/USD pair rises past 1.33, yet fails to maintain gains amid US PMI data

    Pound Sterling rises to 1.33 amid US services growth, but Dollar weakens on trade uncertainties.

    6 May 2025
    Palantir’s EPS met expectations, while revenue exceeded forecasts; Ford’s figures similarly surprised, updating guidance

    Palantir beats revenue estimates, raises guidance; Ford tops revenue expectations but suspends 2025 forecast due to tariff concerns.

    6 May 2025
    Motivated by a weak US Dollar, silver’s value increased nearly 1% as market conditions shifted

    Silver nears $32.30 as Dollar weakens; safe-haven demand, technical levels, and Trump tariffs influence market.

    6 May 2025
    With trading time remaining, the S&P index faces decline alongside falling stocks from Palantir and Ford

    S&P falls 0.42%; Palantir, Ford earnings expected post-market, showing contrasting revenue and EPS trends.

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