MARKET DAILY

Market 08/06: Bank of Japan Held Emergency Meeting Last Night

FED Reassures Investors on Economic Outlook, Lifting USD/JPY Rate and Market Recovery

Key highlights in the session:

  • Bank of Japan emergency meeting - market optimistic

  • FED Daly confident about economic outlook

  • US trade deficit improves in June

  • Atlanta FED raises Q3 GDP forecast to 2.9% from 2.5%

  • Treasury will inject $8.5 billion into the market in August

  • $108 billion bonds sold successfully

  • Energy Information Administration (EIA) lowers oil price forecast

  • Crypto: Bitcoin ETF unusually calm

  • Palantir Q2: Deserves tech unicorn status

  • UBER Q2: Record profits with 2.8 billion trips

  • Market: Shorts-cover rally continues

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