Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars

Israel has stepped up attacks once again overnight on Wednesday and into Thursday, hitting targets in southern Lebanon as well as in the Beqaa Valley in the east. As is often the case, the IDF claimed that they were hitting Hezbollah weapon storage sites, though as is equally often the case, they provided no evidence […]

Goldman And UBS Preview Apple's WWDC: AI Siri Takes Center Stage Apple's annual Worldwide Developers Conference (WWDC) begins this afternoon at 1 p.m. EST at Apple Park in Cupertino, Calif. Ahead of WWDC, Goldman analysts led by Michael Ng provided clients with a preview of what to expect, including the unveiling of a long-delayed AI-enhanced Siri and operating system version "27" across iOS, macOS, watchOS, tvOS, and visionOS. The new AI-enhanced Siri will include many delayed features from WWDC24, such as on-screen awareness, personal context, and deeper integration across apps, including...

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...