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AI Stocks (ChatGPT): Best Artificial Intelligence Stocks To Watch in 2024

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In the midst of growing investor enthusiasm for artificial intelligence, numerous companies are now highlighting their AI product plans. However, identifying legitimate AI stocks with existing revenue streams from generative AI, such as Microsoft (MSFT) and Nvidia (NVDA), poses a significant challenge for investors. Even tech giants like Google-parent Alphabet (GOOGL) face both risks and …

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Hong Kong

Hong Kong Stocks Plummet Over 2%, Leading Losses in Asia-Pacific After China Data Release

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Hong Kong, October 13, 2023 — Hong Kong stocks nosedived by more than 2% today, marking a significant decline and leading losses across the Asia-Pacific region. This sharp drop in the stock market came in the wake of the release of economic data from China, Hong Kong’s main trading partner, raising concerns among investors about …

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GBP/USD

GBP/USD, GBP/AUD attempt tepid recovery ahead of inflation data

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The BoE may have an even more difficult time if UK inflation figures come in strongly. GBP/USD stays muted ahead of UK inflation data; GBP/AUD continues its downward movement following China and Australia data that strengthen the Australian currency.   BOE expectations and UK inflation  GBP/AUD The Bank of England (BoE) faces a greater difficulty …

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Rupee

Intra-day update: rupee strengthens further against US dollar

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September 20, 2023 1:20 pm In advance of the Federal Reserve meeting on Wednesday, the Indian Rupee began the day strongly versus the greenback. On Wednesday, the local currency gained five pence to start at Rs 83.22 versus the US dollar. In response to rising crude oil prices, it had Monday’s closing rate versus the …

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Oil Prices

Oil prices tick up as markets zoom in on supply tightness

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Following a brief decline, oil prices increased on Thursday, propelled by fresh worries over a potential shortage of petroleum in 2023. WTI rose by 19 cents to $88.71, while Brent futures climbed 17 cents to $92.05 a barrel. According to the IEA, the prolonged output cutbacks by Saudi Arabia and Russia indicated a market deficit …

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SEC

SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity

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According to agency filings on Thursday, the U.S. Securities and Exchange Commission (SEC) has postponed making a decision on all spot bitcoin exchange-traded fund (ETF) applications until October. The applicants include BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets.   Bitcoin (BTC), which had already dropped significantly for the day, lost …

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PMIs

Services PMIs set to confirm contraction, RBA leaves rates unchanged

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In the absence of US markets yesterday, European markets failed to make gains as the early lift from a rally in Asia spurred by the China stimulus faded, despite basic resources outperforming. It appears that the European day’s late weakness will persist this morning.    China’s market influence and Expectation on Fed to hold rates  …

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Asian Markets

Asian Markets Lower After Japan Factory Activity, China Services Weaken

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A whirlwind of bewilderment swept through Asian markets as Japan’s factory activity plummeted unexpectedly and China’s services sector displayed signs of vulnerability. Amidst the complex symphony of global economic dynamics, traders found themselves grappling with perplexing indicators that cast a shadow of uncertainty.  Japan’s Manufacturing Conundrum: A Sudden Plunge  At the heart of Asia’s industrial …

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