Soybeans are near unprecedented sales streak
Key points: Traders’ net short position in soybean futures on the Chicago Board of Trade reached a record high. Reasons include …
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Oracle’s profit is higher than expected
Key points: Oracle beat forecasts for quarterly profit. The S&P 500 and Nasdaq indexes fell slightly. Shares of chip companies ext…
Yen strengthens thanks to BoJ decision
Key points: The yen strengthens against the US dollar as the BoJ’s negative rates policy is expected to end. Rising wages in Jap…
Gold rally temporarily halted
Key points: Gold prices took a breather after record growth. The growth was caused by a cooling of the US labor market and statements …
US soybean exports exceed expectations
Key points: Soybean export sales exceeded expectations but remain weak. Large inventories in Brazil and low demand from China are hamp…
The Nasdaq closed 1.5% higher
Key points: The S&P 500 broke a record, rising 1% to close at 5,157.36. The Nasdaq rose 1.5%, led by technology and growth stocks.…
Fed boosts hopes for rate cuts in 2024
Key points: Powell said the Fed is likely to cut rates because the US economy is not on the verge of a recession. US job growth in Feb…
Tesla shares fall due to weaker demand
Key points: Tesla shares fell for the third day in a row; the electric vehicle manufacturer left the top 10 most valuable US companies…