Equity benchmarks across Asia and the US saw new highs this week, driven by optimism around the resonant AI trade despite growing concerns of potential disruptions to the labor market. The Opening Trade spoke with industry experts and leading market voices on how companies and regions are preparing for a latent transformation to jobs. (Source: Bloomberg)
Equity benchmarks across Asia and the US saw new highs this week, driven by optimism around the resonant AI trade despite growing concerns of potential disruptions to the labor market. The Opening Trade spoke with industry experts and leading market voices on how companies and regions are preparing for a latent transformation to jobs. (Source: Bloomberg)
(RTTNews) - European stocks are seen opening broadly higher on Friday after reports suggested that the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz, and begin negotiations over Tehran's nuclear program. Commenting on the final status of an interim deal, U.S. Treasury Secretary Scott Bessent said, "...
(RTTNews) - European stocks are seen opening broadly higher on Friday after reports suggested that the U.S. and Iran have reached a temporary agreement to extend their ceasefire by 60 days, resume unrestricted shipments through the Strait of Hormuz, and begin negotiations over Tehran's nuclear program. Commenting on the final status of an interim deal, U.S. Treasury Secretary Scott Bessent said, "the teams have been going back and forth" and President Trump had set out three "red lines" for negotiations. The three conditions are that Iran must hand over its highly enriched uranium, abandon its nuclear weapons development, and guarantee free passage through the Strait of Hormuz. Bessent stressed that there can be no deal without these conditions and Trump will not sign a deal that is disadvantageous to the United States. Vice President JD Vance cautioned that it remains uncertain whether or when an agreement with Iran could be finalized. Investors may also cheer better-than-expected financial results from Dell. After the U.S. closing bell, the computer hardware maker raised its annual revenue and profit expectations amid surging AI server demand, sending its shares up nearly 40 percent in extended trading. Asian markets were broadly higher amid investor optimism that the Middle East conflict is inching toward an end and that the reopening of the Strait of Hormuz may ease disruptions to energy flows. Renewed optimism toward artificial-intelligence stocks lifted Japan's Nikkei and South Korea's Kospi towards a new record. The dollar headed for a weekly loss and gold steadied above $4,500 an ounce as U.S.-Iran ceasefire talks progress. Brent crude futures fell below $92 a barrel and remained on track for a sharp monthly loss. Overnight, U.S. stocks reversed early losses to reach new record closing highs as geopolitical tensions eased, core price index rose less than expected in April, and Snowflake's strong earnings outlook revived investor enthusiasm around the AI trad...
Japan’s economy delivered a sweeping batch of better-than-expected data for April, characterized by a sharp acceleration in retail demand, a recovery in industrial output, and a historic drop in the jobless rate. However, a concurrent cooling of core inflation in Tokyo back down to a four-year low of 1.3%. Japan’s retail sales jumped 2.1% year-on-year in April. The reading easily cleared the 1.3% ...
Japan’s economy delivered a sweeping batch of better-than-expected data for April, characterized by a sharp acceleration in retail demand, a recovery in industrial output, and a historic drop in the jobless rate. However, a concurrent cooling of core inflation in Tokyo back down to a four-year low of 1.3%. Japan’s retail sales jumped 2.1% year-on-year in April. The reading easily cleared the 1.3% market forecast and marked the fastest pace of consumption growth since April 2025. Mirroring this domestic resilience, industrial production rebounded by 0.8% month-on-month, defying consensus estimates of a 0.9% contraction, as a recovery in domestic manufacturing and steady overseas orders offset ongoing supply-chain vulnerabilities stemming from Middle East geopolitical tensions. The economic momentum was further confirmed by an exceptionally tight labor market, with Japan's unemployment rate dropping to 2.5% against expectations that it would hold steady at March’s 2.7% clip. The number of unemployed individuals shrank by 70,000 to an eight-month low of 1.79 million. Simultaneously, total employment surged by 610,000 to hit a historic high of 68.76 million, supported by a labor force that expanded to a record 70.55 million participants. Despite robust labor and consumer fundamentals, forward-looking price metrics showed notable cooling. Core consumer prices in Tokyo’s central wards, a key leading indicator for national inflation trends, rose 1.3% year-on-year in May, slowing from April’s 1.5% print and coming in softer than the expected 1.5%. Representing the slowest pace of core inflation since March 2022 The Nikkei 225 Index surged 1.6% to above 65,700 while the broader Topix Index climbed 1% to 3,942, and the Japanese yen held firm around 159.3 per dollar after Finance Minister Satsuki Katayama warned that authorities could intervene in the foreign exchange market in the event of excessive volatility or speculative trading activity. More on Japan economy DXJ: Japane...
$NVIDIA (NVDA.US)$ I bought Nvidia as per ChatGPT’s recommendation. Eventhough the number of share i am holding is very little , but I still hope Nvidia can fly high. Moomoo
$NVIDIA (NVDA.US)$ I bought Nvidia as per ChatGPT’s recommendation. Eventhough the number of share i am holding is very little , but I still hope Nvidia can fly high. Moomoo
Hong Kong police have arrested a 14-year-old boy in connection with a razor blade found between two seats on a Citybus double-decker earlier this week, the South China Morning Post has learned. A source confirmed the teenager’s arrest. A box cutter measuring about 13cm (5.11 inches), with a 1cm extendable blade, was found between two seats on a route 37A bus, which travels from Pok Fu Lam’s Chi Fu...
Hong Kong police have arrested a 14-year-old boy in connection with a razor blade found between two seats on a Citybus double-decker earlier this week, the South China Morning Post has learned. A source confirmed the teenager’s arrest. A box cutter measuring about 13cm (5.11 inches), with a 1cm extendable blade, was found between two seats on a route 37A bus, which travels from Pok Fu Lam’s Chi Fu Fa Yuen to Central, at around 5.20pm on Wednesday. Advertisement Police are expected to share more details on the case at 2pm.