NAS100 to New Records as Markets Cheered Lower Inflation
CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year
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CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year
The pair rebounds after the pullback from its four-decade highs and the speculated FX intervention, with investors now looking forward to Wednesday’s US CPI inflation
The central bank made another step towards lowering rates on Thursday, sending the stock market to new record highs, while today’s data showed the economy exited its recession
The BoE kept rates at 5.25% again, but one more member voted to cut and inflation forecasts were lowered, while Governor Bailey did not embrace nor rule out a June pivot
The stock dropped nearly 10% on Wednesday, despite strong quarterly results, as markets likely focused on poor linear networks performance and underwhelming near-term guidance
The tech-heavy index consolidates its recent advance as investor await earnings from Amazon and Apple, as well as the Fed’s monetary policy decision
The pair hit the highest levels since late-1986 after Friday’s BoJ policy decision and hot US inflation, but slides from the peak, sparking speculation around possible intervention from Japanese authorities
The tech giant is having a tough period that reflect on its stock, which is close to bear territory, ahead of the May 2 earnings report
Price cuts and an sales decline delivered a blow to Tesla’s top and bottom lines, but Mr Musk offered accelerated timelines for cheaper models and promised robotaxis
Oil prices slip as fears over an Iran-Israel conflict subside, after the latter’s reported strike back
The tech-heavy index is exposed to key tech levels, weighed by risk-off mood and hawkish repricing around the Fed’s rate cut prospects
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