logo
NYSE Content Advisory: Pre-Market update + Wall Street responds to geopolitical events

NYSE Content Advisory: Pre-Market update + Wall Street responds to geopolitical events

Malaysian Reserve16 hours ago

NEW YORK, June 13, 2025 /CNW/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on June 13th
The major indexes are looking at losses Friday morning after tensions rose in the Middle East overnight.
European stocks fell and oil surged more than 9% at one point.
President Trump posted to Truth Social, urging Iran to make a nuclear deal. The President had been pursuing a U.S. – Iran nuclear deal with negotiations.
Opening BellCatholic Charities NY and the Cardinal's Committee for Charity celebrates its mission of providing help and creating hope for New Yorkers in need.
Closing BellVOYA (NYSE: VOYA) celebrates the 20th anniversary of their Target Date Funds.
Click here to download the NYSE TV App

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Veteran Solo Journalist, Haliza Hashim Links Two Continents
Veteran Solo Journalist, Haliza Hashim Links Two Continents

Barnama

time2 hours ago

  • Barnama

Veteran Solo Journalist, Haliza Hashim Links Two Continents

By Syamsiah Sahat IPOH, June 14 (Bernama) -- "Haliza Hashim, That was the iconic sign off of TV3 news correspondent, Haliza Hashim who was the face connecting Malaysian viewers with major events in Europe for over 30 years. In an era of increasingly advanced technology, this 60-year-old woman takes on the task of a versatile solo journalist who can double as a cameraman, interviewer, voice-over artist, scriptwriter, editor and presenter to make a complete and interesting report. "More than three decades, as if I can't believe it, I'm still standing here, still reporting. As long as the television company needs me, I will be here and retire here," she said when met by Bernama in London, recently. Recounting her career path, the Cardiff University economics graduate said she started at the TV3 News Room, Jalan Liku, Bangsar, Kuala Lumpur in the early 1990s as a broadcast journalist for the news segment and Money Matters programme from February 1991 to January 1993 before making the bold decision to become a correspondent in London. "I started by joining several international media associations, introducing myself to Malaysian government departments and agencies in London and building networks with key ministries here. Chasing deadlines and language barriers in European countries were among the major challenges faced. "In the 90s, I hired a cameraman, rented an editing studio, sent visuals using satellite and sent text reports via fax to the newsroom. If you think about it, journalists are really lucky these days, they can write scripts and record visuals with smartphones." Haliza said that with the development of technology, starting in 2013 she used a broadcast-quality video camera to record visuals and interviews, edit videos using applications on her laptop and send news using the latest system directly to the editor in the newsroom. "As a solo journalist, sometimes I miss the intimacy with my colleagues, crew and the atmosphere of the newsroom. However, the advantages of working solo allow me to move more easily, quickly and save costs,' said the mother of two, aged 30 and 26.

Global Economic Plates Shifting: Investors Urged To Diversify Away From US Asset Concentration
Global Economic Plates Shifting: Investors Urged To Diversify Away From US Asset Concentration

BusinessToday

time3 hours ago

  • BusinessToday

Global Economic Plates Shifting: Investors Urged To Diversify Away From US Asset Concentration

The first half of 2025 will be remembered as a pivotal period where global economic tectonic plates shifted, setting the stage for a more balanced international order, according to a recent analysis by Standard Chartered Bank. The report suggests that the United States has scaled back its leadership role, compelling Europe and China to assume greater responsibility for driving global growth. For investors, Standard Chartered highlights three crucial takeaways: The 'Trump Put' is Alive: This implies that market discipline effectively constrains the Trump administration's policies. Investors should therefore avoid panic sales triggered by unpredictable political events and instead focus on hard economic data and investor positioning. China's Found US Vulnerability: China's strategic use of rare earth export restrictions has led to a preliminary agreement with the US, significantly reducing the likelihood of an all-out trade war. Germany is Finally Reflating: Europe's largest economy is now poised to contribute more significantly to global growth, driven by increased infrastructure and defense spending. These last two points, according to Standard Chartered, deliver a salient message to investors: avoid over-concentration in US assets. The bank suggests that diversifying into European banking and industrial sector equities, along with increased Japanese Yen (JPY) exposure, could be effective strategies to lower US concentration. The JPY and gold are also expected to benefit from any potential escalation in the Middle East. 'Trump Put' Curbs Market Volatility Standard Chartered's analysis notes that the significant scaling back of Trump's tariffs, following a market downturn in US stocks, bonds, and the dollar, confirms their core thesis: market discipline serves as a crucial check on the administration's policies. Furthermore, efforts by US Treasury Secretary Scott Bessent to re-incentivize US commercial banks to hold government bonds and increased government bond buybacks are expected to cap bond yields, addressing a key investor concern. Given these policy backstops, investors are advised to resist panicking during event-driven volatility stemming from 'unpredictable' US policy. Instead, the focus should remain on economic data, earnings reports, and investor positioning. Recent data, indicating a healthy but slowing US job market and continued disinflation despite tariffs, raises the probability of Federal Reserve rate cuts in the second half of the year. With investor positioning remaining uncrowded, there is still scope for upside in equities. Rare Earths Shift Trade War Dynamics China's dominant position in rare earths, producing approximately 60% and processing around 90% of the world's supply – crucial for defense, electric vehicles, robotics, and high-end electronics – has proven to be a strategic leverage point. In April, China restricted the exports of several rare earths and magnets in retaliation for US tariffs. This move eventually compelled the US back to the negotiating table, culminating in a preliminary agreement in London this week. China agreed to accelerate rare earth exports in exchange for the US easing controls on chip exports and reissuing visas for students, a development that significantly reduces the near-term risk of an all-out trade war. Germany's Reflation Aids Global Rebalancing The analysis points out that the Trump administration's policies have inadvertently pushed Germany, Europe's largest economy, to take on greater defense responsibilities and drive European growth. The current Merz-led coalition's plans for infrastructure and defense spending could potentially boost German growth by 2 percentage points annually over the next decade. With China also easing its fiscal policy, the significant gap in fiscal policy support between the US and the rest of the world, which largely drove the 'US exceptionalism' narrative in recent years, is expected to narrow. Investors are already beginning to factor this into their estimations, leading to a narrowing of earnings estimates between the US and the Euro area for 2026. Standard Chartered concludes by reiterating that while the US will remain a leader in delivering strong investor returns through innovation, productivity, and consumer power, its outsized performance relative to the rest of the world is likely to converge. As this gap narrows, funds that flowed from Europe and other regions to the US over the past decade are anticipated to return, suggesting a further decline in the US dollar. The overarching message for investors remains clear: diversify, diversify, diversify. Related

Trump approves US Steel-Nippon partnership
Trump approves US Steel-Nippon partnership

New Straits Times

time3 hours ago

  • New Straits Times

Trump approves US Steel-Nippon partnership

NEW YORK: President Donald Trump signed an executive order Friday approving a partnership between US Steel and Nippon Steel after the companies reached agreement on US national security guarantees. The deal brings an end to the long-running saga over foreign ownership of a key national asset which began in December 2023, when US Steel and Nippon Steel announced plans for a US$14.9 billion merger. Nippon's acquisition of US Steel was held up by former president Joe Biden, who blocked it in his last weeks in the White House on national security grounds. Trump initially opposed Nippon Steel's takeover plan, calling for US Steel to remain domestically owned, but he threw his support behind a "partnership" in May. "US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh," the US president said in a Truth Social post. In a joint statement, US Steel and Nippon Steel said Trump "has approved the Companies' historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs." "In addition to President Trump's Executive Order approving the partnership, the Companies have entered into a National Security Agreement (NSA) with the US Government," they said, which calls for approximately US$11 billion in new investments to be made by 2028. Trump's executive order did not provide details about the NSA but he reserved the authority to issue further orders "as shall in my judgment be necessary to protect the national security of the United States." Friday's announcement follows a review of the deal by the government's Committee on Foreign Investment in the United States (CFIUS), which is tasked with analysing the national security implications of foreign takeovers of US companies. - AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store