U.S. Q2 CURRENT DEFICIT 3.0% OF GDP VS 2.7% (Q1 INITIALLY REPORTED AS 2.9%)
U.S. Q2 CURRENT DEFICIT 3.0% OF GDP VS 2.7% (Q1 INITIALLY REPORTED AS 2.9%)
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com Asia Market Update: Training wheels are being removed in terms of monetary and FX intervention policies; Q3 chip-maker volatility contin
***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
com Asia Market Update: Training wheels are being removed in terms of monetary and FX intervention policies; Q3 chip-maker volatility contin
***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
com Asia Market Update: Training wheels are being removed in terms of monetary and FX intervention policies; Q3 chip-maker volatility contin
***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
US Trading Hours Summary: May JOLTS openings rise; First half comes to a close
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarters end. May JOLTS jobs data jumped up towards 7.6M openings pushing up Treasury yields marginally. EU CPI readings were broadly cool
US Trading Hours Summary: May JOLTS openings rise; First half comes to a close
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarters end. May JOLTS jobs data jumped up towards 7.6M openings pushing up Treasury yields marginally. EU CPI readings were broadly cool
com EU Mid-Market Update: Soft UK growth, hawkish ECB & an incoming UK Defence Plan that is expected to be short of funding; Focus on USD/JPY move
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%