⚠️ Gold prices are rising along with the weakening of the dollar➕On Wednesday, gold rose above $4,390 per ounce supported by a weaker U.S. dollar, driven by investors who were assessing inflation risks stemming from escalating tensions in the Middle East and waiting for key U.S. inflation data for clues about the Federal Reserve’s policy outlook. #Gold
🇺🇸 Pullbacks Continue in US Derivatives Trading 🔻 US stock index futures fell again in the third session on Wednesday as higher interest rates hurt company profit margins and weighed on the outlook for consumer demand. 🔻 While S&P 500 and Dow Jones futures slipped by about 0.5%, renewed weakness in the technology sector dragged Nasdaq 100 down by roughly 1%
🇺🇸 US 10-Year Treasury Yield Rises to Highest Level in 3 Years➕On Wednesday, the yield on the 10-year US Treasury bond exceeded 4.81%, reaching its highest level since October 2023➕Higher energy prices supported arguments that the Federal Reserve will raise interest rates this year
⚠️ #Kakao Futures Trades at Two-Week Low🔻Cocoa futures, amid signs of abundant supply, traded at the two-week low of $5,870 per ton🔻Stocks tracked by ICE rose to 3.44 million bags, the highest level in two years, while expectations for a larger harvest in Côte d'Ivoire, the top producer, further eased concerns about near-term supply
🔹Oracle's first quarter results for fiscal year 2027 will be announced on September 10, after the (PKS) market close
🔹Guggenheim maintains its "Buy" recommendation for ORCL with a $400 price target, describing the stock as an "Top Idea" and a "Stock of the Decade"
🔹According to analysts' consensus estimate, earnings per share will reach $1.74 (18% annual growth) and revenue will reach $19.13 billion (28% annual growth)
🔹Cantor Fitzgerald maintains its “Buy” recommendation for NVDA with a target price of $350, and anticipates a 55% upside potential
🔹Nvidia shares experienced a 2.1% decline on Tuesday, closing around $225.73 at the start of Wednesday’s trading session. This pullback was driven by rising crude oil prices amid increasing geopolitical tensions in the Middle East
🇪🇺 The euro rose ahead of the European Central Bank decision➕As investors take positions before the European Central Bank (#ECB) policy meeting due on Thursday, the #euro rose to $1.1649, its strongest level since the end of August➕Policymakers are expected to raise interest rates while maintaining a data-dependent stance
#BTC⚠️ Bitcoin surpasses $79k with Zcash ETF inflows➕Renewed interest in crypto exchange-traded products provided some support➕However, concerns about the Federal Reserve’s rate hikes and rising oil prices limited risk appetite➕BTC is currently trading at $79,220
#NZD⚠️ The New Zealand dollar traded around $0.5860 after two consecutive sessions of mild losses, as markets reassessed the Reserve Bank of New Zealand's interest rate outlook➕The New Zealand dollar remained under pressure last week due to the RBNZ’s dovish rate hike and recent remarks from policymakers
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