NAS100 Weighed as Hawkish Fed Stifles the AI Blaze
The tech heavy index runs a negative week and month, as the Fed pointed to tighter policy path ahead than previously thought, counter-weighing the AI optimism which has subsided
The tech heavy index runs a negative week and month, as the Fed pointed to tighter policy path ahead than previously thought, counter-weighing the AI optimism which has subsided
Take a look at some major corporations that will be in the spotlight over the coming months, as the fourth quarter gets underway against diminishing AI frenzy and uncertain monetary outlook
Watch today’s US Open for insights on the rate holds by the US Fed and the Bank of England, as well as the upcoming policy decision by their Japanese counterpart
Weakness is starting to seep into the NAS100, with the index charting a lower peak.
The US Fed kept rates unchanged on Wednesday but toughened its policy outlook, while upgrading its GDP forecast and lowered the unemployment projections, pointing to a soft landing
Watch today’s US Open for insights on the upcoming pivotal policy decisions by the central banks of the US and the UK, the rise in oil prices and more
The effects of the strike are starting to be felt, with FXCM’s US Automobiles basket starting to show signs of pressure.
The tech-heavy index treads water as Arm slides after its strong IPO and market participants turn their attention to Wednesday’s policy decision by the Fed
Since the end of July, the US 10-year real yield has been moving upwards. US data has been strong, and inflation is proving to be sticky. The thinking has shifted that rates may be higher-for-longer.
Almost 13,000 United Auto Workers (UAW) members went on strike at three American assembly facilities belonging to General Motors, Ford Motor, and Stellantis. This after the union and the automotive companies failed to come to an agreement regarding a fresh labour contract on Thursday evening.
The British chip designer made its debut on the Nasdaq on Thursday with gains of almost 25%, in the biggest IPO of the year, which also helped the banking sector higher
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