U.S. stocks extended their rally with the Dow closing above 46,000 for the first time, while the 10-year Treasury yield fell below 4% for the first time in five months as investors positioned for a Federal Reserve rate cut. A softer inflation backdrop and rising jobless claims have reinforced easing expectations, driving a broad risk-on tone across equities.
Source: Seeking Alpha
Gold breaks inflation-adjusted record; UBS lifts target to $3,800
Gold surged past its inflation-adjusted peak as investors flocked to safe havens amid policy uncertainty and geopolitical risks. UBS raised its gold forecast to $3,800 by 2025, citing strong demand and expectations for lower U.S. rates to weaken real yields and support prices.
Source: Seeking Alpha
ECB holds rates and hints the cutting cycle may be over
The European Central Bank left interest rates unchanged and signaled the easing cycle could be complete, even as the Federal Reserve prepares to resume cuts. The diverging paths underscore a shifting global policy mix that may pressure the euro and complicate portfolio hedging for global investors.
Source: MarketWatch
Adobe’s AI bet pays off: beats, raises FY25 as AI-influenced ARR tops $5B
Adobe lifted full-year revenue and EPS guidance after a stronger-than-expected quarter driven by AI-enabled products across Creative Cloud and Document Cloud. Management said AI-first products have already surpassed their ARR targets, helping ease fears about competitive threats and monetization.
Source: Seeking Alpha
Boeing flags possible 777X certification delay; shares slide
Boeing warned its 777X widebody jet could face a certification delay, pushing the stock to a one-month low and adding to the company’s program risk. Any further slippage would ripple through airline delivery schedules and cash flow timing at a pivotal moment for Boeing’s recovery.
Source: Seeking Alpha
IPO window reopens: Figure Technology pops; fintech and crypto listings gain traction
Figure Technology surged in its market debut, adding to signs that the IPO market is thawing as profitable and high-demand stories return. The rebound comes alongside high-profile offerings like Klarna’s strong debut and Gemini’s upsized pricing, signaling risk appetite is recovering across fintech and crypto-adjacent names.
Source: Seeking Alpha
BlackRock weighs tokenizing ETFs after success with digital money market fund
BlackRock is exploring tokenized versions of ETFs following momentum from its tokenized money market product, a potential inflection point for bringing traditional assets on-chain. Wider tokenization could enhance settlement speed, transparency, and access—if regulators and market plumbing keep pace.
Source: FinanceFeeds
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