The Pound Sterling (GBP) strengthens against most currencies but edges lower against the US Dollar (USD), trading near 1.2660. Bank of England’s Dhingra predicts more than four interest rate cuts this year, adding to market uncertainty. The USD rebounds as US Treasury yields rise, with 10-year yields recovering to 4.33% after hitting a two-month low […]
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Markets The rally in US Treasuries was briefly interrupted yesterday after the US House passed a budget resolution in a first important step towards extending tax cuts, stemming stagflation fears. The US-Ukraine mineral deal and Read more…
Nvidia continues to do an amazing job. The revenue grew 78% in Q4 compared to a year earlier and came in at $39.3bn, higher than the $38.5bn pencilled in by analysts. Net income hit $22.1bn, Read more…
In focus today In the US, 2nd estimate of Q4 GDP will be released in the afternoon. The flash release showed GDP growth cooling to 2.3%, but with private consumption growth remaining solid. Several Fed Read more…