Episode 457
Cable jumps after stagnant CPI data eased BoE’s August cut bets | MarketTalk: What’s up today? | Swissquote
🇬🇧 Stay ahead of the markets with Swissquote
July 17, 202410m 42s
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Show Notes
The S&P500 hit a fresh record this year for the 38th time on Tuesday, banks rallied on earnings which showed that the big banks’ trading revenue jumped nearly 20% in Q2 and investment banking revenues rose significantly on increased dealmaking. The technology-heavy Nasdaq 100 lagged, with smaller gains. The Russell 2000 rallied another 3.5%, on the other hand, hinting at a developing sector rotation from Big Tech to others. Gold gained, oil fell, and the US dollar is under pressure, as the EURUSD drills above the 1.09 mark and Cable tests the 1.30 offers after a set of stronger-than-expected inflation data eased the Bank of England (BoE) rate cut bets for August.
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