Markets European markets took a different, more pessimistic view on yesterday’s Fed policy meeting compared to the US. They appear to have more attention to the (stagflationary) risks in the new forecasts instead of Powell’s reassuring message. European stocks dropped more than 1% with Wall Street suffering from spillover effects. But contrasting with the previous…
A widely followed crypto analyst is predicting higher prices for crypto assets as he expects the Federal Reserve to end its anti-inflation monetary policies. In a new thread, the pseudonymous crypto analyst Pentoshi tells his 861,300 followers on the social media platform X that we are close to seeing the end of quantitative tightening (QT),…
The past week in the currency markets was marked more by consolidation than decisive moves, even as risk aversion deepened in US stock markets. Dollar’s selloff slowed and turned into a modest recovery, but there was no clear momentum for bullish trend reversal. Sentiment remained fragile, weighed down by constantly escalating trade tensions and the…
TLDR Alibaba released a new AI model called R1-Omni that can read emotions from visual cues The company also upgraded its Quark AI assistant with advanced reasoning capabilities Alibaba is partnering with Apple to bring AI features to iPhones in China, pending regulatory approval Alibaba plans to invest $52.4 billion in cloud computing and AI…
Markets EUR/USD’s stellar rally over the last couple of days ran into resistance recently. After hitting 1.09 for the first time since October of last year, it is trading around 1.085 currently on a combination of both euro weakness and dollar strength. We spotted a few drivers, including a special session in the outgoing German…
Risk sentiment showed signs of stabilization in the US overnight, with S&P 500 and NASDAQ posting gains. However, stocks are merely digesting recent steep losses rather than having a decisive turnaround. The reaction to lower-than-expected US consumer inflation data was relatively muted. The market’s cautious interpretation of the data is justified, as the latest CPI…
The Indian market ended lower on Wednesday, paring early gains, as a decline in information technology stocks—spurred by concerns over U.S. economic growth—weighed on the broader market. Additionally, concerns about U.S. tariffs and their potential impact on the global economy continued to dampen sentiment. The benchmark BSE Sensex lost 72.56 points or 0.10% to close…
Trade war gathers pace as Trump slaps tariffs on Canada, Mexico and China. But US dollar starts to wobble as cracks appear in US economy. Growing concerns about Trump’s policies also weigh on US outlook. Not a bluff, as Trump proceeds with tariffs US President Donald Trump went ahead this week with his pledge to…
Markets “Whatever it takes.” These words by former ECB president Draghi in July 2012 are widely considered the turnaround in the sovereign debt crisis that had the euro (area) staring into the abyss. Germany’s upcoming chancellor Merz used them again to announce a similar seismic shift on a fiscal level. With a €500bn infrastructure investment…
Markets Higher-than-expected European inflation numbers and more rumours on fast and huge fiscal spending in Europe weighed on European bonds with curves bear steepening. February inflation rose by 0.5% M/M (vs 0.4% consensus) with the annual number moderating from 2.5% to 2.4% instead of the hoped-for 2.3%. Core CPI picked up to 0.6% M/M and…