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The dollar started the week steadily on Monday as investors turned their attention to upcoming inflation data from the United States, Europe, and Japan to gauge the global interest rate outlook. In recent months, foreign exchange trading has been primarily driven by the pursuit of “carry,” penalizing low-rate currencies and bolstering the dollar. This […]
Dollar firm ahead of global inflation data Read More »
Elon Musk’s AI startup, xAI, has secured $6 billion in Series B funding, elevating its post-money valuation to $24 billion. This significant investment highlights investor confidence in emerging AI challengers to established companies like OpenAI amidst the competitive AI landscape. The funding round saw participation from notable investors, including Andreessen Horowitz and Sequoia Capital,
Elon Musk’s xAI valued at $24 billion after fresh funding Read More »
A rally in Japanese stocks significantly slowed after the first quarter of 2024, with the Nikkei 225 index struggling to stay below record highs. However, analysts at Goldman Sachs remain optimistic about the market’s prospects. The Nikkei 225 surged to a record high of 41,087.75 points in the first quarter. Since then, the index has
Japan stock rally cools, but Goldman Sachs sees no need for pessimism Read More »
Gold prices edged up slightly in Asian trading on Monday, recovering some of the losses from the previous week as traders remained cautious ahead of a crucial U.S. inflation reading expected later this week. Trading volumes were generally subdued due to market holidays in the UK and the U.S., and anticipation surrounding U.S. interest rate
Gold prices rise slightly after weekly losses; inflation in focus Read More »
#Japan’s #stock market rally has stalled over the past two months, with the benchmark Nikkei 225 index remaining largely rangebound below record highs since March. Analysts at Bank of America (BoFA) attribute this stalling to two main factors: significant weakness in the Japanese yen and somewhat disappointing earnings guidance from companies. The Nikkei 225 experienced
Why did a Japanese stock rally run dry? BoFA weighs in Read More »
Most #Asian_stocks advanced on Monday, recovering some ground from last week’s losses, though investors remained cautious ahead of upcoming U.S. inflation and interest rate cues later this week. Regional #markets took positive signals from Wall Street’s strong close on Friday, where gains in technology stocks helped the NASDAQ Composite achieve a record-high close. U.S. stock
Asian stocks edge higher from weekly losses, more rate cues awaited Read More »
During a rally in #New #York City’s South Bronx, Republican presidential candidate #Donald #Trump made unsubstantiated claims on Thursday, alleging that immigrants from Africa, the #Middle_East, and other regions were forming an army to attack Americans from within. Trump’s remarks, delivered to a crowd of several thousand supporters in Crotona Park, sought to portray migrants
#OPEC+ #oil producers are set to convene on June 2 to discuss their next steps regarding output policies, including the potential extension of voluntary production cuts totaling around 2.2 million barrels per day (#bpd), which are set to expire in the first half of 2024. These voluntary cuts, led by the Organization of the Petroleum
Explainer-What OPEC+ oil output cuts are currently in place? Read More »
Analysts at Barclays suggest that the recent uptrend in the pan-European STOXX 600 index might be losing momentum, partly due to a decline in volatility in both equity and bond markets across the region. Since late 2023, optimism surrounding advancements in artificial intelligence and the potential easing of interest rates by the European Central Bank
Rally in European stocks “looks tired” – Barclays Read More »
#usa_stock index futures rose on Friday, rebounding after Wall Street closed lower in the previous session due to signs of persistent inflation that reignited concerns about monetary policy ahead of a long weekend. On Thursday, all three main indexes initially surged following Nvidia’s (NASDAQ:#NVDA) impressive revenue forecast and a 10-for-one stock split. However, they later
Futures recover after inflation jitters dent Wall Street Read More »