Westpac’s call puts it at odds with banks that have already shifted to a September or November hike, framing the July inflation beat as noisy rather than a genuine signal of reacceleration.…
Nvidia’s results underline how sensitive the stock has become to the gap between beating expectations and beating already sky-high ones, with an initial drop reflecting investor disappointment even after a solid quarter.…
UBS is treating dollar weakness as a structural theme rather than a short-term wobble, which points to sustained flows into gold, commodities and selected currencies rather than a quick reversal. Its emphasis…
Markets have been left to parse Warsh’s tone rather than his words, and bond pricing shows the strain of that ambiguity. Short-term yields fell after his last press conference, while the 30-year…
UBS is using the recent tech drawdown to reinforce its bullish AI thesis rather than retreat from it, framing the sell-off as a valuation reset rather than a demand problem. The bank’s…
Both the EURUSD and GBPUSD moved lower today, but the selling was more pronounced in the GBPUSD. The pair is down 0.43%, compared with a decline of about 0.21% for the EURUSD.…
Closing changes: S&P 500 +0.1% Nasdaq Comp -0.1% Russell 2000 -0.1% Let’s see where NVDA takes us at 4:20 pm ET but so far we’ve seen big gains from Salesforce and CrowdStrike…
US stock markets close near flat ahead of Nvidia earnings Bill Gates undermines everything the AI leaders have been saying Crude oil futures settle little changed at $82.23 The $4 trillion question:…
Earnings headlines: Revenue of $96.2 Gross margin 75% but sees 74.0% next quarter EPS $2.22 Q3 seen at $108B Vera Rubin is in full production Huang says “compute is revenue” Nvidia says…
Crude prices traded choppily through the session as traders weighed conflicting signals from the Middle East and Russia against a softer than expected build in US inventories. Sentiment shifted through the day,…
I popped up a preview of the BoK earlier this week: Bank of Korea rate call a coin toss as economists split on August hike From the RBA we get the ‘Bulletin’. The…
Yesterday, I wrote about how AI leaders can’t be trusted to tell us the truth about what’s coming. I lamented that they’ve suddenly switched their stance on AI job losses at exactly…
