UnitedHealth stock craters as CEO resigns, insurer suspends guidance
UnitedHealth Group (UNH) stock slumped 10.4% in Tuesday's premarket after the United States' largest private health insurer said it would suspend guidance for 2025 due to increasing healthcare costs.
USD/CAD holds steady as Fed path and BoC divergence loom
USD/CAD is poised at a critical juncture following the release of April’s US Consumer Price Index (CPI), which delivered a mild downside surprise across key inflation.
The #U.S. and China are significantly impacting global markets, particularly in assets like gold (XAU/USD), GBP/JPY, USD/CHF, and crude oil (USOIL):
1. *Gold (XAU/USD)*: Rising uncertainties, fueled by the U.S. imposing a 10% tariff hike and China’s economic stimulus, are driving gold prices towards record highs over $3,070 as investors seek safe-haven assets amid inflation concerns and geopolitical tensions.
2. *GBP/JPY*: This currency pair is highly volatile due to U.S. tariffs hurting Japan’s exports, which strengthens the yen, while China’s stimulus can lower the yen as it boosts risk appetite. Mixed signals from China's growth and U.S. trade policies contribute to the fluctuations in GBP/JPY.
3. USD/CHF: The dollar and Swiss franc are both considered safe havens. U.S. tariffs give the dollar a temporary edge, but geopolitical risks can shift investors toward the stable franc. China’s actions further influence this dynamic, causing fluctuating movements in USD/CHF.
4. **Crude Oil (USOIL)**: Oil prices are affected by U.S. tariffs threatening demand and sanctions limiting supply, while China’s infrastructure spending can boost prices. However, a shift to greener policies in China could dampen demand, adding volatility to oil prices.
In essence, the interplay between U.S. and Chinese policies is driving price movements across these markets, leading to a complex and fluctuating investment landscape.
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