Dip buyers go rushing in

Chris Beauchamp IG

It looks like back to normal for markets as tech stocks rebound, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.

Stocks rebound after brief Iran-Israel clash

Markets find themselves right back where they were a few days ago, as stocks rebound from Friday’s wave of selling and the brief Israel-Iran clash subsides into quiet once again. The rally in stocks continues to impress in its resilience, particularly of course in those indices that have been such standout winners of late, namely the Nasdaq 100 and the Nikkei 225, both of which seem poised to shrug off the recent slump and carry on right where they left off.

Vix reverses course

This latest spike in the Vix seems to be going exactly the same way as May’s, being viewed as an opportunity to boost exposure to stocks rather than cut back. Investors seem happy to believe Trump’s protestations that a deal is close, even when missiles are actually in the air. It’s a very strange world, but there’s no point trying to argue with such a resilient tape.

Author

Chris Beauchamp

Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the financial press and TV, with appearances on all the major financial channels as well as the BBC and Sky News.

AUD/USD advances modestly, hovers around 0.7050

AUD/USD reverses part of Friday’s sharp decline and gyrates around the 0.7050 region ahead of the opening bell in Asia. The pair’s modest recovery comes amid humble losses in the Greenback, always amid the steady uncertainty on the geopolitical front. Moving forward, Westpac’s Consumer Confidence measure will be the salient release on Tuesday.

USD/JPY holds higher ground toward 160.50 despite 'Yentervention' fears

USD/JPY holds higher ground toward 160.50 in Monday's Asian trading, despite intervention fears. Japan’s revised GDP print, which confirmed that the economy lost momentum in the first quarter, weighs on the Japanese Yen. Meanwhile, Friday's upbeat US NFP report and fresh Israel-Iran attacks favor the US Dollar bulls, underpinning the currency pair.

Gold faces initial resistance near $4,350

Gold manages to reclaim the $4,300 mark per troy ounce and above on Monday. The yellow metal’s small uptick comes on the back of modest losses in the US Dollar, while traders continue to follow geopolitical events in the Middle East and the likelihood of a tighter-for-longer Fed.

Why institutions prefer Solana over newer rivals for stablecoin adoption – Solstice CEO

The cryptocurrency industry has entered a new era spearheaded by stablecoins, real-world asset (RWA) tokenization, decentralized finance (DeFi), and Artificial Intelligence (AI) applications.

$1.75 trillion: Is SpaceX the most popular IPO in history, or the most engineered?

On June 12, the largest initial public offering (IPO) in history is set to hit the tape, and almost nobody is asking whether the price is right, because almost everybody already wants in.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.