Rutte is visiting China with the country’s Foreign Trade minister, Geoffrey van Leeuwen. The trip comes after a year in which the Netherlands decided, under pressure from the United States, to restrict some of the export of advanced chip printing machines by Dutch chips champion ASML to China. ASML estimates that the impact of the … Read more
Tech giants led gains in stocks at the start of a week that will bring a raft of central-bank decisions from the US to England and Japan. Equities rebounded from a recent pullback, with megacaps outpacing the broader market. Alphabet Inc. jumped as Bloomberg News reported Apple Inc. is in talks to build Google’s Gemini … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. Tuesday’s core CPI print for February came in hotter than expected, yet the stock market wasn’t bothered. For much of 2023, the S&P 500 moved inversely to expected fed funds rates, with the index selling off while the Federal Reserve was expected … Read more
Good morning. China sets its growth target, JPMorgan’s top market strategist warns about a US stock market bubble, and AMD runs into a roadblock in selling AI chips to China. Here’s what people are talking about. China set its annual growth target at around 5%, raising expectations for the nation’s top leaders to unleash more … Read more
China’s Li Qiang will become the first premier in three decades to not hold a press briefing at the annual parliamentary meetings, removing a rare platform for investors to learn more about the nation’s policy direction as President Xi Jinping consolidates control over the world’s second-largest economy. The country’s No. 2 official won’t take questions … Read more
Berlin’s endorsement follows an intense 24-hour diplomatic campaign to shore up support for the Dutchman, amid ongoing hesitation from a group of around 10 countries including in Eastern Europe as well as Hungary and Turkey. POLITICO first reported on Wednesday that two-thirds of NATO’s allies now support Rutte. The U.S. declared its backing for the … Read more
Stock Market Today: Dow, S&P Live Updates for February 14 Bloomberg Source link
Stocks moved decidedly higher as Nvidia Corp. led a rally in chipmakers, with traders awaiting key inflation data and a slew of Federal Reserve speakers. After struggling for direction in the first hour of Wall Street trading, the S&P 500 extended its advance above 5,000. Defying concerns about an overstretched market, equities kept climbing on … Read more
The US economy is showing “remarkable strength” compared with Europe, where countries are struggling more with tighter monetary policy and the shocks of the energy price surge in recent years, OECD Chief Economist Clare Lombardelli said. The Paris-based organization revised up its forecasts for US growth next year while it cut expectations for most of … Read more
If the US stock market goes down a little from here, it “could go down a lot.” That’s the view of Goldman Sachs Group Inc. tactical specialist Scott Rubner, who warned in a note to clients on Thursday that the “pain trade is now lower, not higher from here.” Source link