BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Wall Street ended the shortened Independence Day holiday week lighting fireworks of its own, with the S&P and Nasdaq punching fresh record highs for the third time in as many days. But beneath the celebratory gloss of equity gains, there’s a far more nuanced and tactical dance underway—because while stocks soared, the rate-cut runway just…
S&P 500 did correct a little in price intraday, but it‘s the sectoral perspective that counts to me most in saying whether that‘s been enough for now, or not – I disccuss that at sufficient length in today‘s video. TSLA corrected to client-given low $320s, NVDA is breaking out, that tech outperformance and leadership lasts…
The Indian Rupee jumps higher against the US Dollar as Trump attacks Fed’s independence. Fed’s Powell stated that tariffs-driven inflation could be persistent. The RBI monthly bulletin shows that the Indian economy remained resilient in May. The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair revisits 10-day low…
UPDATE: President Donald Trump made a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. The deal, hammered out at the 11th hour in a late-night call with UK Prime Minister Keir Starmer Wednesday,…
President Donald Trump said he would make a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH…
Stock markets are a bit lost as we move towards Thursday. Concerns that earnings data is weak for Q1 in Europe and the US, a delay in US and China trade negotiations, and delays to a Ukraine and Russia peace deal are also hurting overall sentiment. VIX remains stable, which suggests ‘bumpy recovery’ ahead European…
Call it a reflex rally, call it a dead cat with a heartbeat — either way, Asia’s walking in green this morning, not bleeding. And that alone tells you something. After a U.S. session that looked like a Powell-led dunk into the stagflation abyss, locals are fading the fear and trading the Tokyo “ Art…