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It has been a bad week for US sports retailers Dick’s Sporting Goods & Foot Locker, as their disappointing quarterly results caused their stocks to slump and also weighed on the stock of sneaker giant Nike
The commodity continues the pullback from its 2023 highs on China and Fed woes, but holds crucial technical levels
Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
The pair is subdued today as markets await Friday’s speeches by Fed’s Powell and ECB’s Lagarde at Jackson Hole Symposium, amidst uncertain monetary policy outlook
The chip designer continues to reap the benefits of the Artificial Intelligence boom, as shown by Wednesday’s quarterly report, which revealed record revenues due to AI demand
The pair hit new 2023 lows after poor preliminary PMIs from Europe, but the subsequent UK prints sent it higher, as markets contemplate their impact on monetary policy outlook
HKG33 is having a bad month with new 2023 lows, but finds support today, helped from the strong quarterly results of Chinese tech giant Baidu
The tech heavy index rises as markets brace for Wednesday’s earnings by AI chip-maker Nvidia and the Fed’s gathering at Jackson Hole which kicks off on Thursday
The index made a poor start to the week, after Monday’s timid rate cut by the central bank and overall modest actions to support the failing recovery of the Chinese economy, but rises today
The pair is running a losing month, which puts it in a precarious position, despite prospects for more tightening by the Bank of England given high elevated inflation and wages
Chinese authorities are trying to prop the frail recovery, but are sticking to modest actions so far and today’s timid rate cut by the central bank was another sign of that
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