Key points: The market cap of Nvidia surged by $700 billion in May, now valued at $2.7 trillion. Apple faces challenges with a monopoly lawsuit and declining sales in China. AI dominance drives the rapid growth in Nvidia, bringing in …
Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …
Key points: Dollar index (DXY) remains flat just above 104.50 EUR/USD and GBP/USD fail to break key levels U.S. consumer confidence rises unexpectedly in May The dollar showed little direction on Wednesday, despite the rise in the U.S. Conference Board’s …
Key points: Nasdaq composite index closed at a record high of 16,920.79, gaining 1.3% last week. Impressive earnings report from Nvidia drives investor interest in AI-related stocks. Nasdaq achieves nearly 9% gain in May, leading major indices. The Nasdaq composite …
Japanese CPI eased in April; record wage rises haven’t impacted general prices. BoJ’s challenge: Hiking into economic weakness with uncertain inflation path. Nasdaq Composite, S&P 500, Dow Jones all saw dips Nvidia shares surged over 9%, topping $1,000 for the …
Key points: Nikkei declines 1.17%, impacted by U.S. economic data. U.S. 10-year bond yield climbs, influencing global markets. Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent …
Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus …
Key Points: The DXY index declined significantly due to softer-than-expected CPI figures, indicating a potential return to a disinflationary trend. Federal Reserve speculation rises as inflation data suggests possible easing of monetary policy in the fall. The U.S. Dollar Index …
Key Points: Optimism for US stock indexes shortlived since the US inflation data was announced, making record highs and then closing lower. Such pullback was mainly attributed to the rise in bond yields. Hawkish comments from Fed officials weighed on stocks. …
Key points: Nikkei ends lower after a three-day winning streak, influenced by Wall Street and BOJ policy. Broader Topix index posts a weekly gain despite early losses. Japan’s Nikkei share average snapped a three-day winning streak to close lower on …
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