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Elon Musk’s remarks during the SpaceX earnings call may alleviate some of the concerns about the sustainability of AI capex and the distant threat of oversupply for semiconductor stocks.
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United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as muted, with the pair confined to 157.15–157.95 and momentum turning flat.
Gold (XAU/USD) has accelerated its recovery on Wednesday, favoured by a softer US Dollar as lower Oil prices and downbeat US macroeconomic data cooled market expectations of Federal Reserve (Fed) rate…
Data: FactSet; Chart: Matt Phillips/Axios Who cares about war, oil prices, interest rates or an AI bubble? Investors apparently do not — for now at least — sending stocks back to record highs.
The historically low water levels in the Rhine could lead to delivery shortages. This could also cause the inflation rate to rise, warn economists.
Spot gold gained 2.1% to $4 164.21 an ounce at 8:31 a.m. in London.