Monthly Archives: July 2024
41654156156Wall Street Dip on AI Jitters
Written on July 25, 2024 at 5:34 am, by jonywang
Market Summary The U.S. equity market experienced one of its worst trading days this year, with the Nasdaq leading the decline, plunging more than 700 points in the last session. Investor concerns over the AI sector surged following Tesla’s earnings miss and Google’s higher-than-expected spending, both of which saw sharp declines. Meanwhile, the dollar remainedContinue Reading
Japanese Yen Soars Following Hawkish BoJ
Written on July 25, 2024 at 1:59 am, by jonywang
Fundamental Analysis * Yen Frenzy: The Japanese Yen (JPY) continues to strengthen against the dollar, driven by expectations that the Bank of Japan (BoJ) will raise interest rates at next week’s policy meeting. Toshimitsu Motegi, a senior official in the ruling party, has urged the BoJ to more transparently communicate its plans to normalize monetaryContinue Reading
