ETFs

(Reuters) - U.S. stock index futures rose marginally on Tuesday as some growth and chip stocks gained, while market participants geared up for a busy week of quarterly earnings that could help gauge the health of America's corporates.

Most megacap growth stocks, including Meta Platforms, Microsoft and Tesla, edged up between 0.4% and 1.1% in premarket trading. The tech majors are scheduled to report their quarterly numbers this week, with Tesla... (continue reading...)

(Reuters) - The yen weakened on Monday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen.

The decline in the yen comes after a string of strong U.S. inflation data pushed the dollar to five-month highs and reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.

The yen's slide... (continue reading...)

EUR/USD could stay on a holding pattern until key US data begins to role in starting on Thursday, according to analysts at ING.

"Abating concerns on Middle East tensions are positive for the pro-cyclical euro, although that also lowers the chances that higher oil prices will force a delay of the European Central Bank's cutting cycle. Market pricing for total 2024 easing is firming up at 75bp, which is also our call," said Francesco Pesole, FX Strategist at... (continue reading...)

The Bank of England could cut rates before the Fed as officials turn dovish, and this is likely to impact the outlook for sterling, said analysts at ING.

"The Bank of England is right to draw a distinction between the UK and US inflation outlook, and we expect the first rate cut to be in August or maybe even June. Sterling could come under greater pressure, but we think this is less of a concern for the BoE now than it was in 2022 or 2023," said James Smith, ING... (continue reading...)

KeyBanc raised its oil price forecast for 2024 and 2025.

Analyst Tim Rezvan explained, "The rally in the front end of the oil futures strips seems warranted, pricing in heightened geopolitical risk, but we do not envision a super-spike scenario. We see declining inventories for U.S. refined products, but also ample supply potential from OPEC (Saudi Arabia producing 1.5 mmb/d below 2022), and we expect U.S. oil production to remain over 13 mmb/d. Positive sentiment on... (continue reading...)