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13:08
Nebius Falls Over 5% in Pre-Market
On July 1, cloud computing rental company Nebius dropped 5.5% in pre-market trading. The news comes as Meta announced plans to develop its cloud business.
13:08
Kazakhstan Central Bank: Sold 354 Billion Tenge in Foreign Exchange in June to Hedge Gold Purchases
On July 1, the Kazakhstan Central Bank announced that it sold 354 billion tenge in foreign exchange in June to hedge its gold purchasing operations, and it is expected to sell 1.1 trillion tenge in foreign exchange in the third quarter. In June, it sold 200 million dollars in foreign exchange from the national fund in the domestic market and plans to sell up to 300 million dollars more in July.
13:06
Strategist: Powell Likely to Stay the Course Tonight, Market Shouldn't Expect New Signals
BlockBeats News, July 1st, U.S. rate strategists Ira Jersey and Will Hoffman believe that Powell will continue to maintain a non-committal stance on the interest rate path or the Fed's reaction function. Despite today's event being his first major public appearance since taking office as chair, they would be surprised if the new Fed chair deviates from his comments just two weeks ago.
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