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1. Chipmakers like Micron Technology surged after Q4 revenue forecasts exceeded expectations, with Micron even surpassing Meta Platforms in market capitalization.
2. Bitcoin experienced a 4.8% flash crash, triggering $560 million in network-wide liquidations, but has since rebounded above $60,000.
3. US May PCE inflation rose to 4.1% YoY, influencing market expectations for a potential Fed rate hike, despite core PCE meeting forecasts.
#MarketNews #StockMarket #CryptoTrading #BitcoinNews #ChipStocks #PCEInflation #FedWatch #TradingInsights #GlobalEconomy #Micron

1. The Japanese government and the Bank of Japan confirmed intervention in the foreign exchange market to support the yen, causing the currency to sharply strengthen against the dollar.
2. Key US economic data was released, showing the Core PCE Price Index inflation met expectations at 3.2% year-over-year, but Q1 GDP growth was slower than forecast at 2.0%.
3. WTI and Brent crude oil prices plunged after the US announced plans to release strategic petroleum reserves and consider boosting domestic production amidst tensions over the blockade of Iranian exports.
#TradingNews #FinancialMarkets #YenIntervention #USEconomy #OilPrices #PCEInflation #USDollar #Stocks #Forex #Commodities

1. U.S. indexes reversed higher following reports that Donald Trump urged Israel to scale back strikes on Lebanon, paving the way for direct negotiations.
2. U.S. Core PCE inflation data met expectations at 3.0% year-over-year, while initial jobless claims rose more than anticipated to 219,000.
3. IMF Managing Director Georgieva stated that the fund has downgraded global economic growth expectations due to the war in Iran.
#MarketNews #FinancialUpdate #TradingNews #Geopolitics #USEconomy #PCEInflation #EconomicData #IMFOutlook #StockMarket #NewsAnalysis