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On Tuesday, the head of the central bank stated at the meeting that interest rates will remain high for a longer period of time.
Nvidia's Q2 earnings exceeded expectations, driving a 6% after-hours stock rise. The chipmaker plays a central role in the AI computing industry.
US equity options traders anticipate significant Nvidia stock movement after quarterly earnings release, per options market data.
Jackson Hole's annual symposium by Kansas City Fed will captivate investors as global central bankers speak.
Hong Kong stocks plunged, entering bear territory after the largest weekly loss in 5 months, attributed to China's property market turmoil.
The earnings letdown in Q2 raises concerns among institutional investors about the European stock market outlook.
The Fed expressed concerns at their last meeting on ‘significant upside risks’ to inflation though some urged caution for larger impact of tightening on economy.
If one-notch downgrade from AA- to A+ is implemented, more than 70 banks would be affected including some industrial behemoths. JP Morgan and BOA could be among them.
Japan’s economy posted its third straight quarterly expansion of an annualized 6% helped by a robust export growth, handily beating market expectations of 3.1% gain.
UBS said in March the currency would be benefited from the end of interest rate hikes by the Fed. But that will hardly play out with the expectation that the RBA is also nearly finished.
European natural gas prices surged almost 40% on Wednesday as the potential for disrupted global LNG supply from Australia spooked traders betting on further price declines.
Moody’s cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants on review for potential downgrades on Tuesday.The rating agency warned that the sector’s credit strength would likely be tested by funding risks and weaker profitability.
Japan’s current account balance logged the fifth straight month of surplus in June as the trade balance swung to a surplus, government data showed on Tuesday.
Investor looking to ride crest of Asia boom are not deterred by Japan’s stock market hitting a 33-year high and signs of slowing global growth. Japan’s Nikkei 225 has gained over 23% year-to-date, well ahead of the S&P 500 despite U.S. economic resilience.
