Currencies
Berenberg downgrades Rio Tinto to 'sell', expects downside surprise in 1H results
Analysts at Berenberg downgraded their rating on shares of Rio Tinto from 'hold' to 'sell', telling clients that they believed there was more downside in the shares.
US trade deficit narrows a tad less than expected in May despite jump in exports
America's shortfall on trade with the rest of the world narrowed a tad less than expected last month despite a jump in exports.
US secondary weekly jobless claims rise slightly
US unemployment claims moved slightly higher during the preceding week.
Bitcoin consolidates at $20,000, but institutional investors remain bearish on cryptos
The cryptocurrency market is in for another day of trying to consolidate recent moves in major tokens, with their total capitalization nearing $920 billion, according to data from CoinMarketCap. Bitcoin clings to $20,000, while Ethereum advances above $1,150, but experts warn that crypto assets are not remotely far from danger yet, as more selling and further downward pressure is expected.
German May industrial production rises less than expected
German industrial production rose less than expected in May as supply chains constraints worsened due to the war in Ukraine and Covid lockdowns in China, according to official data released on Thursday.