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Why is Emami stock sliding today?

Waymo halts Atlanta robotaxi service after vehicle drives into flood

Itron president & CEO Deitrich Thomas sells $60,494 in stock

Bank of America sells $34,125 in Nuveen NY Quality Municipal Income Fund shares

US Supreme Court deals setback to cruise operators over Cuba confiscations

Dow Jones Industrial Average surges as a possible US-Iran deal lands within hours

For most of Thursday the Dow Jones Industrial Average looked heavy, sliding to a session low near 49,700 as firmer Oil and a stubborn rise in yields did the work a static Federal Reserve (Fed) would not. Then the headline hit.

Canadian Dollar struggles as US-Iran negotiation optimism pressures Oil prices

USD/CAD trims part of its intraday gains on Thursday as traders react to fresh geopolitical headlines surrounding ongoing US-Iran negotiations. At the time of writing, the pair is trading around 1.3775, up nearly 0.20% on the day after hitting an intraday high near 1.3800 earlier in the day.

Crude Oil rolls over as a US-Iran deal moves within hours

Crude spent most of Thursday doing what it has done all spring, rallying on the latest escalation headline, this time the claim that Iran would keep its enriched uranium at home. Then the wires flipped.

Euro area: Weak PMI growth signals and ECB dilemma – Commerzbank

Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI fell further into contraction territory in May, suggesting a weak second quarter for the economy. Both manufacturing and services sentiment deteriorated, with services notably weaker.

Current policy is in a good place to respond to ongoing shocks': Fed’s Barkin projects confidence

Bank of Richmond Federal Reserve (Fed) President Thomas Barkin said on Thursday that "current monetary policy is in a good place to respond to ongoing shocks." Speaking about the US economic outlook and monetary policy, Barkin added that future rate decisions will depend on how businesses and consum

Breaking: US–Iran deal reportedly finalised, announcement expected within hours

Iranian media reports, citing Al-Arabiya, suggest that the final draft of a US–Iran agreement has reportedly been completed with Pakistani mediation, with an official announcement potentially coming within hours.

British Pound: Political volatility and fiscal clarity – ABN AMRO

ABN AMRO’s Georgette Boele notes that Sterling has weakened alongside the Euro versus the US Dollar, with energy prices a key driver. She argues UK political uncertainty could temporarily lift volatility in Sterling and gilts, but expects this phase to be short-lived.

Banxico minutes flag upside inflation risks from Middle East conflict

Banco de Mexico (Banxico) released its latest meeting minutes on Thursday, in which the Middle East conflict dominated the board's discussion.

Al Jazeera reporter says reports about Iran's nuclear material order are false

An X post from Al Jazeera reporter Ali Hashem hit newswires with statements from an unnamed source that earlier reports of an Iranian decree limiting the removal of high-grade nuclear material are false.

Asia equities: Innovation, income and selective overweights – HSBC

HSBC maintains an optimistic but selective stance on Asia, favouring markets with strong growth, innovation and improving shareholder returns.

Japanese Yen falls amid strong US Manufacturing PMI

The USD/JPY pair rose toward the 159.30 price zone, closing in on the 160.00 level, which usually prompts intervention by the Bank of Japan (BoJ).

Swiss National Bank Vice Chairman: SNB has 'elevated willingness' to intervene in FX

Swiss National Bank (SNB) Vice Chairman Martin Schlegel said on Thursday that the central bank maintains an “elevated willingness” to intervene in foreign exchange markets if necessary.

Euro pressured by stronger US Dollar amid uncertainty over US-Iran negotiations

The Euro (EUR) trades on the back foot against the US Dollar (USD) on Thursday, with EUR/USD easing from earlier intraday highs as price action remains driven by geopolitical headlines surrounding developments in the Middle East.

British Pound falls as Iran deal doubts and weak UK PMI weigh

The GBP/USD pair falls by about 0.20% on Thursday amid concerns that the US and Iran couldn’t reach a deal, while strong US economic data was a headwind for the Pound Sterling (GBP), which dips amid weakening UK business activity.

India: Higher CPI risks drive FY27 hike call – Standard Chartered

Standard Chartered Bank economists Anubhuti Sahay and Saurav Anand now expect the Reserve Bank of India’s repo rate to rise by 50bps to 5.75% in FY27, starting in June.

Canada: Gold price surge supports exports – RBC

Royal Bank of Canada economist Salim Zanzana notes that higher Gold prices and expanded access to foreign markets helped cushion Canada’s exports in the face of U.S. tariff pressures.

Gold slips as Iran uranium demands complicate US-Iran negotiations

Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of writing, XAU/USD trades around $4,504, down nearly 0.85% on the day.

Indonesian Rupiah: BI jumbo hike buys time – OCBC

OCBC’s Christopher Wong says USD/IDR should find near‑term support after Bank Indonesia’s larger‑than‑expected 50bp hike to 5.25%, aimed at stabilising FX sentiment.

Silver Price Forecast: Bears retain near-term control as RSI slips below 50

Silver (XAG/USD) trades in a narrow range on Thursday as traders continue to monitor developments surrounding the US-Iran conflict. At the time of writing, XAG/USD is trading around $75.20, hovering near two-week lows.

Hungarian Forint: MNB stance shifts focus to bonds over FX – BNY

BNY’s Geoff Yu argues that Hungarian asset positioning is stretched after elections, with markets now watching the central bank of Hungary Magyar Nemzeti Bank's (MNB) upcoming decision.

Euro: Yield spread pressure on EUR – ABN AMRO

Georgette Boele at ABN AMRO highlights that both the Euro and Sterling have fallen about 0.9% against the US Dollar since mid-May, driven by energy markets and bond yields.

Japanese Yen: Intervention threat and hawkish BoJ support Yen – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY trading around 159.00, with expectations it should stay below 160.00 given intervention risks and a more hawkish Bank of Japan (BoJ).

Breaking: US flash S&P Composite PMI confirmed at 51.7

S&P Global released the flash estimate of the United States (US) S&P Global Composite Purchasing Managers Index (PMI) on Thursday, confirming a reading of 51.7 in May, matching the April outcome. Manufacturing output improved to 55.3 from the previous 54.5, also surpassing expectations of 54.

British Pound: UK support plan and soft PMIs weigh – BNY

BNY’s Bob Savage explains that the United Kingdom (UK) government’s targeted cost-of-living package seeks to cushion households from Iran-related energy shocks while avoiding a repeat of large-scale bailouts.

British Pound trades cautiously against the Japanese Yen ahead of Japan CPI and UK Retail Sales

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as traders digest the latest preliminary PMI data from both the United Kingdom and Japan. At the time of writing, GBP/JPY is trading around 213.40, hovering near one-week highs.

Oil: US data highlight tightening supplies – ING

ING’s Warren Patterson and Ewa Manthey note that Oil prices sold off heavily despite evidence of tightening US fundamentals.

US Dollar: Fed shift and AI-driven risk backdrop – MUFG

MUFG’s Lee Hardman notes the US Dollar is trading at stronger levels as higher US yields reflect growing expectations for multiple Federal Reserve rate hikes following the energy price shock. FOMC minutes signalled a gradual hawkish shift but did not fully endorse aggressive tightening.

ECB: Limited June hike with upside risk – Commerzbank

Commerzbank’s Dr. Vincent Stamer argues that weak Euro area PMI data and rising input costs leave the ECB in a policy dilemma.

Equities: AI-led earnings and sector rotation – HSBC

HSBC’s Willem Sels highlights that global equities remain supported by robust earnings growth, led by US Technology and Communications, with AI-driven capex and productivity gains at the core.

British Pound: Downside risks grow as UK PMIs slump – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is consolidating near 1.3440 but warns that a likely downward repricing of the UK swaps curve and a potential further leftward pivot by a Labour government could undermine the Pound.

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