MarketNews
Stay updated with the latest trading market news, insights, and trends. Discover key market movements, economic events, and expert analysis to make informed trading decisions.Get the latest updates on trading market news and trends. Explore comprehensive insights on market movements, economic events, and expert analyses to enhance your trading strategies. Stay informed and ahead in the trading world with our real-time news updates.
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MarketNews
Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's look at our end-of-week news:
All of Tesla's investors' attention is on robotaxi and artificial intelligence initiatives, which could drive the next leg of the company's stock rise. Tesla shares soared to 246.52.
???????? Philip R. Lane (ECB) expressed ongoing concerns about the inflation trajectory, so EURUSD rose to 1.0825.
According to The Information, SoftBank is exploring ways to access a significant number of Nvidia GPUs. Also, despite US export restrictions, Nvidia plans to sell $12 billion of chips in China in 2024. Nvidia shares rose to 128.16.
Saudi Arabia has reduced its July oil prices for Asia, as reported by BBG, indicating a potential slowdown in oil demand. Meanwhile, XBRUSD is trading at 86.78.
Morgan Stanley strategists suggest investors buy French stocks ahead of Sunday’s second round of snap parliamentary elections, anticipating a market rebound regardless of the election outcome. FR40 rose to 7735.
Next week, strong selling in Japanese stocks is expected from ETFs needing funds for client dividend payouts, reports Nikkei. JP225 consolidates at 40870.
China is preparing bond market sales to cool down recent rallies, as authorities have repeatedly warned bulls against increasing prices. HK50 trades at 17840.
The Conservative Party is losing ground in the British parliamentary elections, conceding positions to the Labour Party. For the first time in 14 years, it will move into opposition.
How was your trading week? Share your opinion in the comments.????
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