Wall Street indices are trading lower after erasing gains from the beginning of today's session. S&P 500 drops 0.1%, Dow Jones declines 0.5%, while small-cap Russell 2000 plunges 1%
Nasdaq bucks the trend with a 0.2% gain at press time, support by a 4% rally in Nvidia shares
KeyCorp trades 8% higher after it was reported that Scotiabank will take a 14.9% stake in the company. KeyCorp launched today's trading with an around-15% bullish price gap, but gains have been erased during the session
European stock market indices traded mixed today - German DAX dropped 0.06%, French CAC40 moved 0.26% lower, UK FTSE 100 jumped 0.52%, Dutch AEX added 0.26%, while Polish WIG20 rallied over 3%
Oil prices rose today in spite of OPEC cutting its global demand forecasts for 2024 and 2025 as Iranian attack is said to be imminent
Fox News reported that Iran and its regional proxies may launch a massive missile attack against Israel within the next 24 hours in retaliation for killing of Hamas leader in Teheran
OPEC cut its global demand growth forecast for 2024 to 2.11 million barrels (previously +2.25 million barrels), while demand growth forecast for 2025 was lowered to 1.78 million barrels (previously +1.85 million barrels)
Canadian building permits slumped 13.9% MoM in June (exp. +5.6% MoM), following a 12.7% MoM drop in May
Major cryptocurrencies are trading higher today - Bitcoin gains 1.3%, while Ethereum rallies almost 4%
Precious metals gained in anticipation of Iranian attack on Israel - gold gains 1.6%, while silver, platinum and palladium jump around 2%
NZD and AUD are the best performing major currencies, while JPY and CHF lag the most