#MarketNews

☀️ Happy Wednesday, dear traders! Today, June 12, we're bringing you the day's most thrilling news highlights:

☄️ Businesses and consumers, expecting rate cuts, are delaying purchases because the Fed is keeping rates at a 23-year high. Capital investments are dropping from 6.7% to 3.9%, and bankruptcy cases are up 40%.

🥇 China's central bank is expected to resume gold purchases if prices drop to $2,200 per ounce from the current $2,300, following 18 months of consecutive buying.

🍎 Apple's (#APPLE) stock surged 7.3% Tuesday, adding $215 billion to its market cap, bringing it closer to surpassing Microsoft as the largest US company.

🪙 KKR raised an A$500 million private credit loan from Blackstone and Goldman Sachs Asset Management to fund its acquisition of Perpetual Ltd.'s corporate trust unit. KKR (#KKR) shares are up 1.16%.

📈 Oracle's (#ORACLE) stock surged over 9% after strong results and new deals with Microsoft and OpenAI, with cloud unit sales expected to grow by 50%.

🇨🇳 China's falling export prices are helping many countries fight inflation, but the US isn't benefiting due to weakening trade ties and higher tariffs.

🚗 This week, Tesla shareholders will vote on restoring Elon Musk's $56 billion pay package, which could significantly impact the company's stock price. Tesla (#TESLA) stock is down 1.80%.

🇩🇪 German inflation was confirmed at 2.8% in May, up from 2.4% in April, driven by higher service prices.

That's it for today, guys! Click on 👍if you liked our review, and see you soon!

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