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RBA Rate Cut Expected as Banks Reverse Hike Forecasts, June 11
CBA and NAB forecast RBA rate cuts in 2027 after economic weakness prompts reversal of hike predictions. Cash rate expected at 3.35% through 2026.
Agrola Closes All Swiss Hydrogen Stations by Year-End, June 10
Agrola closes three Swiss hydrogen stations by end of 2026 due to low demand, reflecting EV dominance in Europe’s clean transport strategy.
Ola Electric Surges 6.5% on Heavy Volume, June 11
Ola Electric stock rose 6.5% to ₹47.32 on June 10 with exceptional trading volume and 43% surge in delivery volume, despite weak fundamentals.
Dow Falls 1.4% as Iran Tensions Push Oil Above $91, June 11
Dow Jones, S&P 500, and Nasdaq fell as Trump Iran threats boosted oil to $91 and inflation hit 4.2%. Chip stocks led losses.
Shanghai Vice Mayor Chen Yujian Under Investigation for Corruption, June 11
Chen Yujian, Shanghai vice mayor, under investigation by China’s central discipline commission for serious violations since 2022.
Solana USD Drops 1.88% Daily: SOLUSD at $64.63 Support
Solana USD falls 1.88% to $64.63 with oversold RSI at 26.59. Technical analysis shows strong downtrend and recovery potential ahead.
S&P 500 Falls 0.26% as Chip Rally Fizzles, June 11
S&P 500 drops 0.26% to 7,386.65 as chip stocks fade amid AI valuation concerns. Nasdaq falls 0.97%.
BNB USD Drops 0.84% Daily: BNBUSD at $594.28 Support
BNB USD falls 0.84% to $594.28 with $591.40 support level. Technical analysis shows oversold conditions and forecast targets $727.92 monthly.
Japan Cycling Association Chief Arrested for 30M Yen Fraud, June 11
Japan Cycling Association director arrested for defrauding investors of 30 million yen through a fake electric vehicle patent investment scheme.