Category: Tread
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US stocks tread water with Nvidia, rate cuts in focus
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Consumer confidence rose more than expected in August, although consumers’ assessment of the labor market remained weak. the Last indicator reading The U.S. manufacturing purchasing managers’ index came in at 103.3, up from 101.9 in July and above the 100.7 forecast by economists surveyed by Bloomberg. “Consumer confidence rose overall…
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Currencies tread water as Middle East risks temper rate cut optimism By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The dollar edged up on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partly overshadowed investor optimism about an imminent U.S. interest rate cut. Geopolitical risks kept early currency moves subdued, although fears of an escalation…
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Asian stocks tread water amid mixed Chinese, Japanese inflation By Investing.com
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Investing.com — Most Asian stocks were rangebound on Wednesday as markets digested mixed inflation data from China and Japan, while the focus remained on when the Federal Reserve will start cutting interest rates. Regional stocks received moderate signals from Wall Street, with technology stocks seeing sharp gains and nearing new…
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Will Tesla Stock (NASDAQ:TSLA) Tread Water Until the Robotaxi Unveiling?
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I’m pessimistic about Tesla (Nasdaq: Tesla), and I can’t help but think that Elon Musk’s announcement regarding Detecting a robotaxi On August 8 it is something of a distraction. So why is Musk distracting us? Well, car sales are slowing, margins are falling, and Tesla’s dominance in the EV sector…
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…