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European stocks steady ahead of inflation data, yen near 38-year low

      ChatGPT European Stocks Directionless as Traders Await Key Inflation Data European stocks struggled to find direction in early trading on Thursday as traders awaited crucial inflation data and monitored potential intervention by Japanese authorities following further declines in the yen. In Asian trading, shares fell and bond yields spiked after surprise inflation […]

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testDollar consolidates ahead of key inflation release; yen nears intervention

  Dollar Edges Lower While Yen Falls into Intervention Territory The U.S. dollar edged lower in early European trade on Thursday, giving back some of the gains from the previous session, while the Japanese yen fell into a range that suggests potential intervention. As of 04:30 ET (08:30 GMT), the Dollar Index, which measures the

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Tesla’s push to cut vehicle costs may see Model 3 priced under $35k: Goldman

  Tesla Announces Strategic Changes in Vehicle Development In its Q1 2024 report, Tesla (NASDAQ   ) revealed several changes to its vehicle development strategy, aiming to introduce new models, including more affordable options. This strategy involves combining elements from its next-generation vehicle platform, which targets reducing the cost of goods sold (COGS) from around

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Cantor: Nvidia still has quite a bit more room to run

  NVIDIA Stock Has Significant Upside, Says Cantor Fitzgerald Despite already being one of the most valuable public companies globally, NVIDIA Corporation (NASDAQ: NVDA) still has considerable growth potential, according to Cantor Fitzgerald analysts on Wednesday. “We have never seen a faster pace of technological innovation and subsequent reduction in the cost of computing as

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Dollar subdued near 160 yen level as threat of intervention looms

  Dollar Faces Resistance at Key 160 Yen Level; Bitcoin Rebounds On Tuesday, the dollar struggled to break above the significant 160 yen level as concerns about potential currency intervention by Japanese officials kept the yen somewhat buoyed against its counterparts. Bitcoin Recovers After Sharp Decline Bitcoin regained some ground after experiencing its worst day

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Bitcoin price today: down to $61k amid regulatory jitters, inflation angst

    Bitcoin prices fell on Tuesday, continuing their recent decline due to a mix of regulatory concerns, particularly from U.S. actions and German government sales, along with broader risk aversion, putting pressure on cryptocurrency prices. The world’s largest cryptocurrency dropped 2.4% in the past 24 hours to $61,332.0 by 01:22 ET (05:22 GMT), having

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Gold prices rangebound around $2,300 amid rate jitters, inflation watch

  Gold prices declined in Asian trade on Tuesday, remaining within a narrow range in the low $2,300s. This movement was influenced by the recent strength of the dollar and the anticipation of significant inflation data, which kept traders cautious about investing in the yellow metal. Limited Relief from Dollar Movement Metal markets found little

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