Market watchers were in a frenzy after Japanese Yen surged from 150 to the 147 zone against Dollar overnight , fuelling speculation that Japan’s government may have stealthily intervened to push up the struggling currency. While evidence of a Yen-buying, Dollar-selling maneuver abounds, top officials in Japan remained tight-lipped today. Finance Minister Shunichi Suzuki, when […]
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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…