Meta Soothes AI Skepticism with its Q2 2024 Results
The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology
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The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology
The central bank of Japan took more decisive action towards tighter monetary setting, as it announced the second rate hike of this cycle and a plan to reduce asset purchases
Risks of a wider conflict in the Middle East are not enough to lift USOil, as demand fears persist following recent poor data from China
The tech heavy index is in precarious position amidst skepticism around the viability of the AI rally and a rotation to small caps and this week’s earnings and other key events that can determine its trajectory
The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses
The stock posted its worst day in more than two years after the Q2 results showed a drop in profits and automotive revenues, as investors appear cautious around the AI push
The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows
XAU/USD regains its footing after the pullback from its record peak on prospects of Fed cuts, ahead of Friday’s PCE inflation report
The barrage of rate cuts in China – a key consumer and producer – did not impress market and prices of the commodity continue their decline
The pair trades with caution against a volatile monetary policy backdrop, following last week’s apprehensive ECB and ahead of US inflation update
The index is cautious and stays in consolidation as today’s inflation update sustains uncertainty around the central bank’s rate path
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