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Nearly 60 Labour MPs call for UK to immediately recognise Palestinian state
Nearly 60 Labour MPs have demanded the UK immediately recognises Palestine as a state, after Israel’s defence minister announced plans to force all residents of Gaza into a camp on the ruins of Rafah. The MPs, who include centrist and leftwing backbenchers, sent a letter to David Lammy on Thursday warning they believed Gaza was…
Sunset Market Commentary – Action Forex
Markets The Bank of England stuck to its quarterly cutting pace in place since August of last year. They lowered the key policy rate by 25 bps to 4.25% in a 3-way vote. Five out of nine members supported the decision with two in favour of a larger, 50 bps, rate cut and two in…
Broadcom (AVGO) Shares Hit a Record Ahead of Earnings
Broadcom (AVGO) shares reached an all-time high ahead of the company’s quarterly results, due this Thursday, supported by strong fundamental drivers: → Partnership with Microsoft: Media reports suggest Broadcom is in talks with Microsoft to develop custom AI chips.→ Analyst optimism: UBS called Broadcom a “top investment” in the AI sector, citing explosive demand for…
Daily Broad Market Recap – June 24, 2025
The market spotlight remained on the Israel-Iran conflict and concerns about the ceasefire agreement being already violated. Still, some improvements in sentiment propped U.S. equity indices higher while crude oil continued to return its recent gains. Here are headlines you may have missed in the last trading sessions! Headlines: New Zealand Credit Card Spending YoY…
