-South Africa is set to release its Current Account figures for Q1
-The UK central bank will conduct the Treasury Gilt 2029 Auction
-The Central Bank of Turkey will unveil its policy decision today
-The US will report the Core Producer Price Index (PPI) figures
-Additionally, the US will release the Initial Jobless Claims
Â
Â
- US Market Drop: Dow tumbles 950 points, futures continue to decline – Reasons outlined
Major indices on Wall Street faced a steep decline on Wednesday, June 10, due to various factors undermining the equity markets. Futures this morning, Indian time, are deepening those losses.
Read More
- Gold plummets to a six-month low; silver declines amid Middle East tensions
Gold’s price dropped to its lowest point in over six months on Thursday (June 11), while silver also fell, influenced by rising tensions in the Middle East that drove oil prices up and heightened expectations for prolonged higher interest rates.
Read More
- Oracle Corp shares plunge 10% after hours despite earnings exceeding expectations; Here’s the reason
Oracle Corp. delivered results surpassing estimates for both revenue and EPS. The company’s revenue of $19.18 billion exceeded the $19.1 billion forecast, while its adjusted Earnings Per Share (EPS) of $2.03 was above the $1.96 estimate.
Read More
- ‘I embrace inflation’: Donald Trump reacts to the highest US CPI rise in three years
Consumer inflation in the US surged at its fastest rate in three years during May. Data from the Labor Department revealed a 4.2% increase in the Consumer Price Index (CPI) from the previous year.
Read More
- US carries out new strikes against Iran, jeopardizing fragile ceasefire
President Donald Trump announced on Wednesday, June 10, that the United States would conduct additional “very strong” strikes against Iran later that day, following earlier US attacks targeting Iranian sites.
Read More
- Concerns grow over FIFA World Cup tickets as 180,000 seats hit resale market: Report
According to reports, FIFA has roughly 15,000 unsold tickets for group-stage matches available on its official ticketing site. Many tickets on the resale platform are for group-stage games, with median prices reportedly dropping by 20% and some tickets listed as low as $69.
Read More
- Citi lowers Nifty 50 target to 26,000 – Key risk factors and top picks discussed
Citi noted that geopolitical issues, AI developments, and El-Nino risks have dampened sentiment, especially among Foreign Institutional Investors (FIIs). The brokerage emphasized that India’s allocation in GEMS funds is at a five-year low, and “Underweight” positions for Indian markets are close to a two-decade high.
Read More
- US Senator Elizabeth Warren urges regulator to postpone SpaceX IPO, raising valuation concerns
In a letter addressed to CNBC, Senator Elizabeth Warren, D-Mass., requested that the Securities and Exchange Commission delay SpaceX’s upcoming IPO due to concerns regarding the company’s valuation and corporate governance practices.
Read More
- Messi converts penalty as Argentina triumphs 3-0 over Iceland in World Cup final warm-up
Lionel Messi is poised for his sixth World Cup. After recovering from a muscle injury, the captain of the reigning champions played 20 minutes and successfully scored a penalty in Argentina’s 3-0 win against Iceland on Tuesday during its last preparatory match before the World Cup.
Read More
- AI Watch: SpaceX IPO garners $250 billion in requests as AI stock decline deepens amid inflation worries
Heightened inflation and geopolitical tensions prompted another sell-off in tech stocks, affecting US chipmakers. Oracle announced plans for a major fundraising initiative to enhance data center capacity, while reporting solid quarterly earnings, although cloud sales fell short of expectations.
WATCH HERE
- Editors’ Playbook | Can India Emerge as Asia’s Next Data Center Powerhouse?
India is quickly positioning itself as a global hub for data center investments. Google has committed up to $15 billion to enhance its AI ecosystem in Andhra Pradesh. Meta has partnered with Reliance for added capacity at the Jamnagar data-center hub. Meanwhile, China continues to bolster its AI goals with a reported investment push of $295 billion. Our editorial team analyzes whether India possesses the potential to become Asia’s next data center leader.
WATCH EDITOR’S PLAYBOOK ON CNBCTV18 ACCESS
