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Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, following the company’s announcement that substantial investments in artificial intelligence (AI) technology are expected to weigh on its quarterly profit. This sharp decline could wipe out more than $17 billion of Dell’s market value if …

Euro zone inflation unexpectedly rose in May, signaling a more protracted path towards the European Central Bank’s (ECB) 2% target. While this development is unlikely to derail the anticipated interest rate cut next week, it might prompt a pause in July and a slower pace of easing in the coming …

The U.S. dollar rebounded in early European trading on Friday, recovering from previous losses as traders awaited the release of key inflation data, which could significantly influence future interest rate expectations. At 04:30 ET (08:30 GMT), the Dollar Index, tracking the greenback against a basket of six other currencies, rose …

European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautiously awaited the release of crucial eurozone inflation data, which will provide valuable insights into the future direction of global monetary policy. Early trading saw the DAX index in Germany dip 0.2%, while the CAC 40 in …

Asian stocks experienced slight gains on Friday as investors turned their attention to the upcoming U.S. PCE inflation data, a key indicator that could influence the Federal Reserve’s interest rate decisions. Meanwhile, Chinese markets advanced despite weak economic data, as hopes for further stimulus measures provided a boost. Regional stocks …

The US Dollar experienced a corrective movement on Thursday, which helped the risk complex recover some ground before the release of the US PCE and advanced inflation data for the euro area, which are all scheduled for Friday.CurrenciesThe USD Index (DXY) came under pressure and retreated from weekly highs past …

Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …

Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …

Three monetary policymakers contributed their remarks and statements about the labour market, inflation and interest rate policy in the United States ahead of the PCE data that is expected on Friday.Federal Reserve Bank of Atlanta President Raphael Bostic noted on Thursday during an interview with Fox Business that the Atlanta …

Crude Oil prices have fallen back despite a sharp decline in US crude oil supplies, with West Texas Intermediate crude oil trading at $77.51 per barrel. Investor concerns are growing that a reported extension in OPEC cuts will be enough to prop up barrel bids. OPEC and its extended network …