Minutes from the U.S. Federal Reserve’s January 16–17 policy meeting, due for release at 2:00 p.m. EST on Wednesday, are expected to shed further light on why policymakers opted to keep interest rates unchanged last month and what conditions may be required to justify future rate cuts. At its January …
Read More »Bitcoin Extends Losses as U.S. Data, Fed Minutes Keep Risk Appetite Muted
Bitcoin slipped further on Wednesday, extending recent losses as investors remained cautious ahead of key U.S. economic data and comments from the Federal Reserve, dampening appetite for speculative assets such as cryptocurrencies. The world’s largest cryptocurrency fell nearly 1% to $67,746.6 by 01:19 ET (06:19 GMT), offering little reaction to …
Read More »Nvidia and Meta Rally on Strategic AI Infrastructure Partnership as AMD
Shares of Nvidia and Meta Platforms moved higher in premarket trading on Wednesday after the companies announced a multiyear strategic partnership aimed at significantly expanding Meta’s artificial intelligence infrastructure using Nvidia’s advanced technologies. Nvidia (NASDAQ: NVDA) stock rose 1.6% in premarket trade, while Meta Platforms (NASDAQ: META) gained around 1%, …
Read More »European Stocks Advance as Earnings Impress and U.K. Inflation Cools
European equity markets edged higher on Wednesday, supported by a steady stream of encouraging corporate earnings and fresh data showing a sharp slowdown in U.K. inflation, which reinforced expectations of an interest rate cut by the Bank of England. By 03:15 ET (08:15 GMT), Germany’s DAX rose 0.7%, France’s CAC …
Read More »U.K. Inflation Drops Sharply in January, Strengthening Case for BoE Rate Cut
U.K. inflation cooled more than expected in January, reinforcing expectations that the Bank of England could move to cut interest rates as early as its next policy meeting in March. Annual consumer price inflation slowed to 3.0% in January, down sharply from 3.4% in December. The December reading had marked …
Read More »Oil Prices Steady in Asia as Progress in U.S.–Iran Talks Eases Supply Fears
Oil prices were largely unchanged in Asian trading on Wednesday, stabilizing after sharp losses in the previous session, as signs of progress in U.S.–Iran nuclear negotiations reduced concerns over potential supply disruptions and weighed on geopolitical risk premiums. As of 21:18 ET (01:18 GMT), Brent crude futures for April delivery …
Read More »U.S. Stock Futures Slide After Holiday as AI Fears and Iran Talks Weigh on Sentiment
U.S. stock index futures pointed to a weaker open on Tuesday following the long holiday weekend, as renewed concerns over artificial intelligence–driven disruptions unsettled market confidence and investors closely monitored developments in nuclear talks between the United States and Iran. At 08:36 a.m. ET, Dow Jones E-mini futures fell 95 …
Read More »Canada Inflation Softens Slightly in January, Keeping Policy Outlook in Focus
Canada’s inflation rate eased marginally in January, offering fresh evidence that price pressures continue to cool, although core inflation remains elevated, data released Tuesday showed. The consumer price index (CPI) rose 2.3% year on year in January, coming in just below market expectations and down from a 2.4% increase recorded …
Read More »U.S. Stock Futures Slip as Investors Weigh Fed Signals, Earnings, and Geopolitical Risks
U.S. stock index futures traded lower on Tuesday as markets reopened after a public holiday, with investors assessing a mix of economic data, corporate earnings, and geopolitical developments. At 05:55 ET (10:55 GMT), Dow Jones futures declined by 85 points, or 0.2%, S&P 500 futures fell 26 points, or 0.4%, …
Read More »German Investor Sentiment Slips Unexpectedly, Signaling Fragile Economic Recovery
German investor confidence weakened unexpectedly in February, highlighting ongoing uncertainty around the strength and sustainability of Europe’s largest economy, according to data released Tuesday by the ZEW economic research institute. The ZEW economic sentiment index fell to 58.3 points in February, down from 59.6 in January. The reading came in …
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