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U.S. Indexes closed higher on Monday, owing a large part of the gains to a strategic partnership announced between NVIDIA and OpenAI. The deal is to see NVDA invest up to USD 100 billion in OpenAI, deploying 10GW of AI centres, first to deploy in 2026. NVDA (+3.9%)...
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U.S. Indexes closed higher on Friday led by the S&P 500 hitting fresh record highs while the majority of sectors were green. Upside was led in Tech with the heavy cap stocks outperforming, leading to the NASDAQ 100 outperforming, while the Russell 2000 pared from...
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Two-way action was seen following the FOMC, SEPs and Chair Powell’s press conference. A dovish reaction was seen after the Fed cut rates by 25bps, as expected, which was accompanied by dovish SEPs, as 50bps of further rate reduction is now seen in 2025, against...
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U.S. Indices were rangebound on Tuesday, as traders await the pivotal FOMC meeting on Wednesday, with them widely expected to cut by 25bps, but there remains an outside risk of a larger cut, and attention will be accompanying commentary and updated SEPs. US data came...
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U.S. Indices closed positive on Monday with outperformance in the NASDAQ 100 thanks to notable gains in Alphabet (GOOGL) and Tesla (TSLA), with Google joining the USD 3 trillion market cap club while Tesla shares rallied on the Musk share purchases. Other mega-cap...
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U.S. Indices closed mixed again on Friday in what was ultimately quiet trade with tech gains buoying the NASDAQ 100. The majority of sectors closed red, led by Materials and Health Care but Utilities and Technology outperformed. T-Notes were sold across the curve in...
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