June 2024

The US dollar has recently shown strong performance, reaching its strongest of the year level, putting pressure on currencies in countries like China, Japan, and South Korea

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Here’s the English summary: The US dollar is evolving into its “strongest of the year” form, overshadowing currencies in China, Japan, and South Korea. While the ICE Dollar Index (DXY), which measures the USD against a basket of six major currencies, has not yet reached its year-high of 106.52 (currently around 105.54), the Bloomberg Dollar […]

The US dollar has recently shown strong performance, reaching its strongest of the year level, putting pressure on currencies in countries like China, Japan, and South Korea Read More »

The Danish pharmaceutical company Zealand has announced impressive results from its new weight-loss drug, achieving an average weight reduction of 8.6% over 16 weeks.

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On Thursday, Danish biotechnology company Zealand Pharma announced positive top-line results from its phase Ib trial of the long-acting amylin analog petrelinotide. Due to the timing of the announcement after European market hours, Zealand Pharma’s stock surged more than 9% in after-hours trading on Thursday in the US. Zealand Pharma has been a standout in

The Danish pharmaceutical company Zealand has announced impressive results from its new weight-loss drug, achieving an average weight reduction of 8.6% over 16 weeks. Read More »

T+1 settlement innovation is spreading globally, with the chairman of the US Securities and Exchange Commission suggesting that the UK market should follow suit.

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According to media reports, the United States is encouraging countries like the UK to shorten the settlement time for currency transactions to align with the “T+1” settlement era led by US stocks. On Thursday (June 20), local time, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), participated online in the “UK Accelerated

T+1 settlement innovation is spreading globally, with the chairman of the US Securities and Exchange Commission suggesting that the UK market should follow suit. Read More »

Qualcomm plunged more than 5% as its first batch of AI-powered PCs faced software compatibility issues and lost benchmark advantages to iPads.

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Accompanying the launch of the first wave of laptops equipped with the Snapdragon X Elite chip this week, consumers finally got their hands on the much-hyped “AI PC” that has been heavily promoted since late last year. Initial reviews and market feedback, however, suggest that Qualcomm’s attempt to disrupt Apple in the ARM-based laptop arena

Qualcomm plunged more than 5% as its first batch of AI-powered PCs faced software compatibility issues and lost benchmark advantages to iPads. Read More »

U.S. Stock Market Close: NVIDIA Opens High but Dips; NASDAQ and SP 500 Indexes Both Show Reverse Head and Shoulders Pattern

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Last night, after briefly touching new highs at the opening, both the NASDAQ and S&P 500 indexes retreated throughout the day. By the closing bell, the S&P 500, which had briefly touched the 5500 mark, declined by 0.25% to 5473.17 points. The NASDAQ fell by 0.79% to 17721.59 points, while the Dow Jones Industrial Average

U.S. Stock Market Close: NVIDIA Opens High but Dips; NASDAQ and SP 500 Indexes Both Show Reverse Head and Shoulders Pattern Read More »

Federal Reserve officials have recently signaled a cautious stance regarding the markets expectations for two interest rate cuts this year.

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 Several Fed policymakers have emphasized the need for additional economic data before committing to any further rate cuts. The current sentiment among Fed officials, as conveyed in various speeches and statements, suggests a more reserved approach to monetary policy easing. They have highlighted that while recent economic indicators have shown signs of weakness, including softer

Federal Reserve officials have recently signaled a cautious stance regarding the markets expectations for two interest rate cuts this year. Read More »

In July, there is speculation that the Federal Reserve might cut interest rates, as evidenced by significant activity in the interest rate futures market.

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The speculation surrounding a potential rate cut by the Federal Reserve as early as July has intensified recently, despite current market expectations suggesting it’s unlikely. According to the Chicago Mercantile Exchange’s FedWatch Tool, the probability of a rate cut next month stands at only 12.4%. However, significant activity in the federal funds rate futures market

In July, there is speculation that the Federal Reserve might cut interest rates, as evidenced by significant activity in the interest rate futures market. Read More »

Shocking figures indeed! The likelihood of extreme heat events in the US-Mexico region has increased by 35 times.

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Since March, Mexico has witnessed at least 125 deaths due to extreme heat, with thousands more suffering from heatstroke. On June 13th, temperatures in Mexico soared close to 52 degrees Celsius, marking the highest ever recorded in the country. Simultaneously, the United States has been grappling with scorching heat, as expansive high-pressure systems persist over

Shocking figures indeed! The likelihood of extreme heat events in the US-Mexico region has increased by 35 times. Read More »

Global surge in energy storage construction, UAE reserves project ranks in the top ten.

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Fitch Solutions’ BMI report indicates that while energy storage projects in the Middle East, such as those in the UAE and Saudi Arabia, are preparing large-scale initiatives, they still pale in comparison to the over $17 billion worth of projects in the United States. For instance, Saudi Arabia’s NEOM mega-project includes an energy storage plan

Global surge in energy storage construction, UAE reserves project ranks in the top ten. Read More »

At a critical juncture for the Japanese yen, the United States has placed Japan on its currency manipulation watchlist.

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According to reports, the U.S. Treasury Department has placed Japan on its currency manipulation monitoring list in its semiannual currency report released on Thursday. This action comes despite not designating any country as a currency manipulator. The criteria for inclusion on the monitoring list include significant bilateral trade surpluses with the U.S., global current account

At a critical juncture for the Japanese yen, the United States has placed Japan on its currency manipulation watchlist. Read More »