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EWU

UK's industrial production for May fell by 0.6%, more than the estimated 0.4% and previous 0.2%. Manufacturing production also declined by 0.2%, less than the estimated 0.5% but more than the previous 0.1%.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:39 am

EWU

UK's Gross Domestic Product (GDP) MoM has been reported at -0.1%, better than the estimated -0.3% but lower than the prior 0.2%. The 3M/3M change in GDP is 0.0%, also better than the estimated -0.1% and lower than the prior 0.1%.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:36 am

FXI

China's trade balance for June was reported at +$70.62B, lower than the estimated +$74.80B and higher than the prior +$65.81B.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:26 am

FXI

China's year-on-year exports for June fell by 12.4%, more than the estimated 9.5% and the previous 7.5%. Similarly, imports for the same period also declined by 6.8%, compared to the estimated 4% and the previous 4.5%.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:11 am

HALO

RHHBY

Roche's OCREVUS, which uses Halozyme's ENHANZE drug delivery technology, has announced positive results from its Phase 3 OCARINA II trial in patients with Multiple Sclerosis.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:04 am

LCID

RIVN

TSLA

Lucid Group's shares fell over 11% after Q2 deliveries missed expectations and production dropped. The company's year-to-date deliveries were at 2,810 units, risking its 2023 guidance of 10,000 units. Analyst Gary Black stated that without Saudi Arabia's 65% ownership, Lucid's stock would likely be half its current value. He compared Lucid to Rivian Automotive, which is on track to deliver 50,000 units in 2023 and has an enterprise value of $15 billion, while Lucid is likely to deliver 6,000 vehicles and has an enterprise value of $16 billion.

Portfolio Pulse from Shanthi Rexaline

July 13, 2023 | 5:33 am

BTCUSD

ETHUSD

Elon Musk's new AI company, xAI, has caused an unrelated cryptocurrency token, XAI, to surge 750% in value. The low trading volumes of XAI suggest it may be susceptible to market manipulation and extreme price fluctuations. Musk has also expressed support for a 2030 cryptocurrency forecast that could potentially boost Bitcoin and Ethereum.

Portfolio Pulse from Mehab Qureshi

July 13, 2023 | 5:28 am

FXI

Asian shares rose and the US dollar slid after weak US inflation data. Nikkei 225, Hang Seng, Shanghai, and Shanghai Shenzhen CSI 300 indices all saw increases, while the US dollar slid 0.10% during the Asian session.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 4:57 am

BTCUSD

ETHUSD

TSLA

Elon Musk, CEO of Tesla Inc. and Twitter, has expressed his support for a 2030 cryptocurrency forecast that suggests all traditional currencies might become digitalized. This could potentially drive up the price of Bitcoin and Ethereum. At the time of publishing, Bitcoin was trading at $30,318 and Ethereum at $1,868.36.

Portfolio Pulse from Benzinga Newsbot

July 13, 2023 | 3:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded lower despite positive inflation data in the Consumer Price Index (CPI) report for June. The U.S. consumer prices recorded a 0.2% increase in June, lower than the expected 0.3% rise. Analysts foresee a potential downward correction for Bitcoin, with its value possibly falling below the critical $28,000 mark. On-chain analytics firm, Santiment, noted that sharks and whales are closely monitoring the Bitcoin price range of $30,000 to $31,000 and accumulating stablecoins such as USDP and DAI, suggesting a higher probability of significant cryptocurrency purchases in the near future.

Portfolio Pulse from Mehab Qureshi

July 13, 2023 | 2:40 am