US Open – 14 December 2023 (Video)
Watch today’s US Open for insights on the outcomes of the policy meetings by the Fed, the BoE and the ECB, as the Bank of Japan picks up the baton next week
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Watch today’s US Open for insights on the outcomes of the policy meetings by the Fed, the BoE and the ECB, as the Bank of Japan picks up the baton next week
The Fed maintained rates at 5.5% and kept more hikes on the table, but the updated projection imply at least three cuts in 2024, sending NAS100 close to new record highs
The Fed, yesterday, held the policy rate steady at 5.25-5.5%, which was largely expected. However, it did surprise with a dovish tone maintaining that growth “has slowed” and “inflation has eased.” The dot plot showed an extra cut for 2024, now numbering 75bps as opposed to 50bps as signalled in the September update. Moreover, the final hike as per September was omitted so the Fed funds rate is now 4.6%…
The Red Devils are having a terrible season and were eliminated from the top European competition on Tuesday, depriving the club of prize money, while the stake sale saga is ongoing
Watch today’s US Open for insights on the US inflation update and the upcoming pivotal decisions by the US Fed, the Bank of England and the European Central Bank
Google has lost its antitrust court battle filed by Epic Games three years ago. A California federal jury decided in favour of Epic Games, maintaining that Google has a monopoly in its app store’s distribution and payments market. Epic suggested that Google used its monopolistic position to squeeze out profit from app developers.
Companies are set to ramp up their investment in AI projects. This is according to Piper Sandler, who yesterday published it latest enterprise spending report, which asked chief information officers where they are planning to spend money. According to the report, “Enterprise AI spending intentions doubled from last year,” with AI ranking as the top category for investment.
The US oil and gas company announced an agreement to buy CrownRock following the recent M&A activity of giants Exxon and Chevron, cementing the consolidation trend of the energy market
AAPL.us is currently trading around $195, just shy of its all-time high, set in July, of $198.23.
The FOMC statement is due to be released on Wednesday at 7:00pm GMT. The CME FedWatch Tool suggests an unchanged target rate at 5.25%-5.50%. Inflation is moderating and, although the NFP was higher than anticipated, the labour market does seem to be cooling. These all point at monetary policy being in restrictive territory, aiding in achieving the Fed’s 2% inflation target over the coming months. However, the market will be…
The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024
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