A wave of selling in the technology sector that emerged earlier this week has weighed on European equities. The trigger was investor concern over the profitability of large-scale debt-funded investments by major US tech companies Read more…
The euro remains under pressure following weak macroeconomic data from the euro area and fresh signals that the European Central Bank is prepared to maintain a more accommodative monetary policy stance. Data released yesterday pointed Read more…
In focus today In Sweden, today’s main focus will be on the Riksbank minutes. Last week, the Riksbank left the policy rate unchanged at 1.75% and raised the rate path. In May, the board was Read more…
Every technology boom eventually gets a villain the public can picture. For the railroads, it was land grabs. For artificial intelligence (AI), it became a data center quietly drinking a town’s water while a chatbot Read more…
Key takeaways The correction in AI and semiconductor stocks has broadened beyond isolated names into a wider valuation reset. Investors are increasingly questioning whether the pace of AI-related capital expenditure can continue to justify current Read more…
Dollar’s rally gathered further momentum this week as a combination of technology-sector liquidation, quarter-end positioning, and growing expectations of additional Federal Reserve tightening pushed Dollar Index through a critical long-term technical barrier. The move marks Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Keeping your home organized can be Read more…
The May CPI fell –0.7%mth to be up 4.0%yr. Trimmed mean rose 0.4%mth/3.6%yr. The May CPI fell –0.7%mth to be up 4.0%yr. This was below our estimate of 4.4%yr and market expectations of 4.3%yr. May Read more…
Key Highlights USD/CAD extended its rally and climbed above 1.4120. A major bullish trend line is forming with support at 1.4080 on the 4-hour chart. Gold prices could continue to move down if there is Read more…
The Bank of Japan’s Summary of Opinions from its June meeting revealed a notably hawkish tone beneath last week’s widely expected rate hike to 1.00%. Several members argued that inflation risks remain skewed to the Read more…