Sunday read for investingLive.com. A reflection on ethics, AI, and what markets might price next. Page 36 of the book ‘MAHATMA, a Golden Treasure of Wisdom’ When Mahatma Gandhi warned about the craze for machinery, he did not reject progress. He rejected a mindset that allowed tools to serve greed rather than humanity. Replace the loom with a large…
The oversupply on the Oil market had put significant pressure on the prices of Brent forward contracts with short-term maturities in recent weeks: the backwardation that was still pronounced just a month ago has decreased noticeably, Commerzbank’s commodity analysts Barbara Lambrecht and Carsten Fritsch report. Gasoil market showing signs of tightness “For a short time, the 6-month contract was…
Prior month 55.0 Michigan consumer sentiment 53.6 versus 55.0 estimate. Current conditions 58.6 versus 61.0 last month Expectations 50.3 versus 51.2 last month. 1 year inflation expectations 4.6% versus 4.6% last month. 5 year inflation expectations 3.9% versus 3.7% last month Lower sentiment data with marginally higher inflation going out to 5 years. This article was written by Greg…
The Pound Sterling (GBP) is also steady and consolidating in a tight range in the lower 1.33s, holding flat vs. the USD as we head into Friday’s NA session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets still expect BoE easing “Fundamental data releases were better than expected, with a notable surprise in retail sales for…
Pres. Trump reacted to the new ads from Canada last night by saying all trade negotiations with Canada have been terminated due to fake news ads out of Canada. While Canada took the tact, that Reagan did not favor tariffs, Pres. Trump Trump characterized Reagan as loving tariffs for our country and national security. The Supreme Court will be…
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming nearly all of the G10 currencies in overall quiet trade, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Focus on new PM’s fiscal plans & inflation with ~3% CPI “The JPY continues to trade defensively in the aftermath of PM Takaichi’s arrival,…
Shares of HUT are up 9.92% or $4.02 at $44.61. This week the East Wing of the White House was demolished to build a new ballroom. The price tag has risen to $300M from $200M. The Pres. notes that the funding will be from private donations. HMMMM. HUT profits and a donation from Binance? This article was written by…
GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US). In the UK, the latest macroeconomic data confirmed stronger-than-expected growth momentum. Retail Sales rose by 0.5% MoM in September, defying expectations of a 0.2%…
Sector Overview The US stock market is witnessing a robust day with the semiconductor sector outperforming markedly. Broadcom (AVGO) leads the pack, enjoying an impressive rise of 2.42%, followed closely by Micron Technology (MU) with gains of 3.92%. Advanced Micro Devices (AMD) also shows significant growth with a 1.52% increase. This showcases a bullish sentiment among investors towards tech…
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day. The Greenback rebounded sharply after a brief dip triggered by softer-than-expected US Consumer Price Index (CPI) data, as upbeat business activity readings from the United States (US) helped the Greenback regain footing. The S&P…
