ADVFN US – Market Content Editor
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Oil prices hold steady as bargain buying balances improving supply conditions
Oil prices traded little changed on Friday as investors took advantage of recent weakness to cover bearish positions ahead of the U.S. holiday weekend, although expectations of stronger crude supplies continued to limit further gains. Brent crude, the global benchmark, rose 0.2% to $71.96 a barrel at 05:21 ET (09:21 GMT), while U.S. West Texas…
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Alibaba to block Claude Code in workplace amid reported security concerns (BABA)
Alibaba Group Holding Ltd (NYSE:BABA) will reportedly ban employees from using Anthropic’s (NASDAQ:ANTP) Claude Code in its workplace systems from July 10 over alleged security concerns, according to a Reuters report citing a person familiar with the matter. The decision follows a report by Chinese financial publication Yicai, which claimed that Alibaba had identified what…
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Tesla’s strong Q2 deliveries lift Chinese supplier shares
Tesla (NASDAQ:TSLA) suppliers in China traded higher on Friday after the electric vehicle manufacturer reported stronger-than-expected second-quarter delivery figures, boosting investor confidence that the company may be emerging from a prolonged period of declining sales. Auto parts manufacturers Ningbo Xusheng, Ningbo Tuopu and Zhejiang Sanhua gained between 5% and 9% in mainland Chinese trading. In…
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U.S. holiday pause, softer Fed expectations and Asia rebound shape global markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. financial markets will remain closed on Friday for the Independence Day holiday, but futures pointed to a stronger Wall Street open when trading resumes. Asian equities recovered after a volatile week, helped by fading expectations of a near-term Federal Reserve rate increase following weaker-than-expected U.S. employment data. Investors also focused on gains among Tesla’s…
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Dow Hits Record High as Weak Jobs Report Fuels Rally, Nasdaq Slides on Tech Selloff
Wall Street closed out a shortened trading week with a split verdict on Thursday. The Dow Jones Industrial Average powered to a fresh record high, while the Nasdaq Composite and small-cap stocks slid as a weaker-than-expected June jobs report sent investors rotating out of high-flying technology names and into steadier, rate-sensitive sectors. Markets are closed…
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Markets in Motion: Is an Oversold Gold Sector Setting Up for a Summer Rebound?
Oversold Gold Conditions Gold miners have endured a punishing correction. Extreme oversold conditions and improving seasonality could be laying the groundwork for a potential turnaround, according to portfolio manager Bruce Campbell. After a powerful rally earlier this year, gold mining equities have pulled back sharply. The sector registering down approximately 35 per cent from its recent…
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OCBC cuts oil price forecasts as Strait of Hormuz shipments recover (OCBC)
OCBC Group Research has lowered its quarterly Brent crude price forecasts through the second quarter of 2027, citing improving shipping activity through the Strait of Hormuz and renewed expectations of abundant global oil supplies. The revised outlook reflects the bank’s view that easing supply disruptions have shifted market attention back towards the risk of oversupply.…
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Tesla beats delivery forecasts with 480,126 vehicles delivered in second quarter (TSLA)
Deliveries outperform market expectations Tesla (NASDAQ:TSLA) reported second-quarter 2026 vehicle deliveries of 480,126 units, comfortably exceeding analyst expectations of 406,024 vehicles. The electric vehicle maker also produced 451,758 vehicles during the quarter, according to a company statement. Model 3 and Model Y continue to dominate sales The vast majority of Tesla’s deliveries came from its…
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Lucid reports second-quarter production and unveils senior leadership overhaul (LCID)
EV maker publishes Q2 production and delivery figures Lucid Group (NASDAQ:LCID) produced 4,774 vehicles and delivered 3,953 vehicles during the second quarter ended 30 June 2026, according to a company announcement. Alongside its quarterly production update, the electric vehicle manufacturer revealed a broad management restructuring led by Chief Executive Officer Silvio Napoli, designed to simplify…
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U.S. nonfarm payrolls miss forecasts as hiring slows sharply
Job growth weakens more than expected The latest U.S. nonfarm payrolls report showed hiring slowed significantly, raising fresh questions about the strength of the labour market and the broader economy. Nonfarm payrolls increased by 57,000 in the latest month, well below the market expectation of 114,000 new jobs. The reading also marked a sharp decline…