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Australia Stock Futures Point to Opening Rise — Market Talk

Australian stock futures are pointing to an opening rise ahead of the week's final trading session. ASX futures are up by about 0.6% before Friday's open, suggesting that the S&P/ASX 200 could avoid a second straight weekly decline. The benchmark index is down by almost 0.5% so far this week after…

Dow Jones Newswires en
index
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Samsung's Share Price Pullback May Be Technical Correction — Market Talk

Samsung Electronics' recent share price pullback may reflect a technical correction despite market concerns about excess artificial-intelligence computing capacity, Citigroup's Peter Lee says. The analyst expects the South Korean tech giant's 2Q operating profit to reach 84 trillion won, supported…

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StocksKR
NEWS dow-jones

FX Traders On Edge as MOF Ponders Surprise Intervention Tactics — Market Talk

Reports that Japan's Ministry of Finance is abandoning its custom of telegraphing intervention risks and may instead enter the FX market to surprise market participants, has traders on edge. The idea here is the prospect of surprise intervention may make speculators think twice before adding to bea…

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Forex
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Judge Rules JPMorgan Still Has to Pay for Charlie Javice's Legal Defense — WSJ

By Joseph De AvilaJPMorgan is still on the hook for Charlie Javice's legal fees, which have covered high-profile attorneys as well as expenses for hundreds of dollars of gummy bears and a seafood tower, a Delaware court ruled.Javice, the entrepreneur who was convicted of defrauding the bank in Marc…

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StocksUS
NEWS dow-jones

The Korean Tanker Tycoon Winning Big From the Iran War — WSJ

By Costas Paris and Joe WallaceA hulking tanker known as the Plata Carrier steamed out of the Strait of Hormuz last week carrying 2 million barrels of crude. More than four months after it entered the Persian Gulf, the blue-red ship is now en route to India.The vessel, and more than a dozen others…

Dow Jones Newswires en
Futures
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Con Edison Calls for Power-Saving, Reduces Voltage by 8% in Some Areas — Update

By Josh BeckermanNew York-based utility Con Edison asked customers in parts of Queens, the Bronx, Manhattan, Staten Island and Westchester to avoid using energy-intensive appliances until crews complete repairs during the heat wave.The utility, which is part of Consolidated Edison, reduced voltage…

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StocksUS
NEWS dow-jones

Thin Holiday Market Raises Risk Of Further Tactical Yen Intervention — Market Talk

JPY is the strongest G10 currency, with USD/JPY falling from above 162 to around 161.0, amid reports Japanese authorities may be shifting away from calibrated jawboning toward more surprise-based intervention tactics, says NAB in a note to clients. The issue for JPY remains that fundamentals still…

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Forex