Market Update

European stocks edged higher on Thursday following upbeat forecasts from AI giant Nvidia, boosting global chipmakers. Investors awaited the latest business surveys to assess the euro zone economy’s outlook and interest rate trajectory. The pan-European STOXX 600 index rose 0.2%, with the tech index leading sectoral gains with a 1.2% …

Several Asian share benchmarks experienced declines on Thursday as investors grappled with the implications of policymakers adopting a patient approach to monetary easing amidst persistent inflationary pressures. Geopolitical tensions, particularly in the Taiwan Strait, added to market concerns. Market Movements Chinese blue chips and Hong Kong’s Hang Seng Index faced …

On Wednesday, the Fed issued the minutes of its last meeting held on April 30 and May 1, which sheds light on monetary policy trends and overall economic conditions. The minutes also answer important questions related to the challenges facing financial markets in America and the world. Let’s have a …

Nvidia reported Q1 earnings, which were impressive, with net income rising more than sevenfold compared to the previous year. The company’s revenue also experienced remarkable growth, more than tripling from $7.19 billion to $26.04 billion during the same period. Analysts had high expectations, and NVIDIA exceeded them. Earnings per share …

The GBP/USD pair is easing back from Wednesday’s early gains after FOMC showing. UK PM Sunak calls for general election July 4 in a bid to hold power. A rate cut in June 2024 look less likely, the GBP/USD pair is pulling back from Wednesday’s early gains after the FOMC …

Despite expressing disappointment over recent inflation readings, Federal Reserve officials at their last policy meeting indicated they still believed that price pressures would gradually ease. This sentiment was reflected in the minutes of the Fed’s April 30-May 1 session.Although the current policy response would “involve maintaining” the central bank’s benchmark …

US stock indexes are drifting around their records, with the S&P 500 remaining virtually unchanged. Target tumbled 7.4% after reporting profit for the latest quarter that fell short of analysts’ expectations, and forecasted ranges for upcoming profit fell below analysts’ estimates. Nvidia’s headline profit report will come after trading closes …

The US Dollar Index (DXY) is currently trading near 104.80, showing minor gains during Wednesday’s American session. Despite soft inflation data reported last week, the Greenback remains resilient, thanks to cautious statements from Federal Reserve (Fed) officials.The upcoming release of the FOMC Minutes is crucial for investors seeking insights into …

The price of gold declines for the second day in a row due to a dismal interest-rate outlook and higher-than-expected expectations for interest rates. Fed’s Policymakers are hesitant to cut interest rates until they have made greater headway in combating inflation. Their opinions are shared by people all across the …

Inflation in Britain saw a less-than-expected decline in April, with a key core measure showing resilience, prompting investors to reconsider their bets on a rate cut next month. This development could potentially bolster embattled Prime Minister Rishi Sunak ahead of anticipated elections later this year. Consumer prices rose by an …