EUR/USD
1.15079
-0.199%
Gold
4054.76
0.096%
Oil
78.776
-5.248%
USD/JPY
157.173
-1.258%
GBP/USD
1.34297
-0.344%
GBP/JPY
211.090
-1.594%
Real-time News
On Semiconductor (ON.O) reported Q2 2026 revenue of $1.6 billion, compared to market expectations of $1.59 billion; it expects Q3 revenue to be between $1.65 billion and $1.75 billion, compared to market estimates of $1.67 billion.Palantir (PLTR.O) reported revenue of $1.93 billion in Q2 2026, compared to market expectations of $1.805 billion and $1.003 billion in the same period last year.The Dow Jones Industrial Average rose 693.38 points, or 1.32%, to close at 53,178.41 on Monday, August 3; the S&P 500 rose 110.78 points, or 1.48%, to close at 7,600.50 on Monday, August 3; and the Nasdaq Composite rose 540.04 points, or 2.13%, to close at 25,913.90 on Monday, August 3.On August 4th, U.S. stocks closed higher. The Dow Jones Industrial Average initially rose 1.3%, hitting a new closing high; the S&P 500 rose 1.48%, and the Nasdaq Composite rose 2.1%. Microsoft (MSFT.O) and Google (GOOG.O) rose nearly 5%, Tesla (TSLA.O) and Nvidia (NVDA.O) rose around 3%, and Meta (META.O) rose 6%. SanDisk (SNDK.O) rose 6%, while SK Hynix (SKHY.O) fell 0.7%. The Nasdaq China Golden Dragon Index closed up 0.75%, and Alibaba (BABA.N) rose 4%.On August 4th, Evercore ISI stated that prolonged use of the Federal Reserves foreign and international monetary authorities repurchase facility could prompt the market to test the resolve of the US and Japan to maintain the yens exchange rate. This facility allows overseas institutions to obtain dollars using their holdings of US Treasury bonds as collateral, without having to raise cash by selling bonds in the open market. However, each counterparty has a daily limit of $60 billion. Evercore strategists noted that this limit is only slightly higher than the estimated amount Japan used to intervene in the foreign exchange market last Thursday. "We believe there is a counterproductive risk in the market focusing on the capped repurchase facility; if strengthening the yen requires large-scale sales of US Treasury bonds, this could prompt the market to test the resolve of the US and Japan," they said. They added that the facility is designed to provide short-term liquidity support, not as a persistent source of funding, so any borrowing must be rolled over for continued use. Furthermore, the facility is "relatively expensive," and the Federal Reserve intends to set these rates above the cost of private repurchase financing, indicating that the facility is not intended for daily financing or sustained foreign exchange intervention.
