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Daily Economic Reports

Dollar Near 2-Month High as Iran Tensions and Hot ISM Data Keep Rate Hike Fears Alive: Yen Hovers at 160 Danger Zone

Key Takeaways Dollar holds near peak: The DXY was little changed in Asian trading after climbing to its strongest level in roughly two months overnight. Israel-Lebanon ceasefire: Washington confirmed a deal contingent on Hezbollah halting hostilities — providing some Middle East relief. But tensions persist: Iranian missile attacks on Kuwait …

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Geopolitical Strife and AI Pivot Push Bitcoin to Four-Month Low

Key Takeaways Four-Month Low: Bitcoin plummeted to a near four-month low of $61,442.7 before stabilizing slightly around $63,832.4 amid broad market risk aversion. Massive ETF Capital Outflows: Institutional investors pulled roughly $396 million from spot Bitcoin ETFs on Wednesday alone, compounding over $1.3 billion in exits earlier in the week …

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European Stocks Edge Up as Israel-Lebanon Ceasefire Revives Iran Peace Hopes: TSMC Bullish on AI Demand

Key Takeaways Modest gains: The Stoxx 600 rose 0.1%, Germany’s DAX ticked up 0.2%, France’s CAC 40 inched 0.3% higher, while the U.K.’s FTSE 100 was unchanged. Israel-Lebanon ceasefire renewed: A fourth round of U.S.-mediated talks produced a new truce — contingent on a full cessation of Hezbollah fire and …

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Asian Stocks Tumble as Broadcom’s 12% Crash Hits Chips Globally: BOJ Rate Hike Warning Smacks Nikkei

Key Takeaways Broad regional retreat: Asian markets fell as tech and chip stocks gave back recent gains amid Iran uncertainty and Broadcom’s post-earnings slump. Broadcom crashes 12%: The chip designer’s mixed earnings and unchanged AI guidance disappointed markets, with losses spilling across Asia. Nikkei drops 1.9%: Japan’s index slumped after …

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Why Has Bitcoin Lost Nearly 20% in Just One Week?

Bitcoin experienced a steep decline, falling from nearly $76,000 to below $67,000 within a single week, marking one of the sharpest short-term corrections of the current cycle. The move was not driven by a single catalyst, but rather a convergence of institutional selling, macroeconomic pressure, liquidity stress, and deteriorating sentiment …

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Meta Shares Jump as AI Agent Push Expands Beyond Advertising Business

Meta Platforms shares rose more than 4% on Wednesday as investors reacted positively to the company’s expanding artificial intelligence strategy, which is increasingly focused on new revenue streams beyond traditional digital advertising.The stock move came after Meta unveiled a new AI-powered business tool designed to help companies manage customer interactions …

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U.S. Labor Market Nears a Critical Turning Point in 2026

The US labor market is entering a pivotal phase, reflecting a cautious balance between continued job creation and underlying structural pressures that could shape the economic trajectory in the coming period.In May 2026, the change in nonfarm employment reported by ADP showed an addition of around 122,000 jobs, surpassing economists’ …

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Fed Beige Book Signals Resilient US Economy as Growth Holds Steady Despite Inflation Pressures

A new assessment of economic conditions across the United States suggests that the economy remains on a steady growth path, even as inflationary pressures continue to challenge businesses and consumers.According to the latest Federal Reserve Beige Book, economic activity increased at a slight to moderate pace in the majority of …

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Will ECB Hike Rates as Inflation Refuses to Back Down?

The European Central Bank is approaching its June policy meeting amid growing expectations that borrowing costs could rise again as inflation remains higher than policymakers would like.Recent economic data suggest that price pressures across the eurozone are proving more persistent than anticipated, increasing pressure on the central bank to take …

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Apple’s New Budget Laptop Sparks Fresh Competition Across the PC Market

Apple’s latest entry into the budget laptop segment is rapidly becoming one of the company’s biggest success stories of 2026, attracting millions of buyers and reshaping competition across the global PC market.Launched in March at a starting price of $599, the new MacBook quickly gained traction among consumers looking for …

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