Nvidia's post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S. Treasury markets appear to be absorbing ...
Nvidia 's post-bell earnings update on Wednesday is keeping stock markets everywhere in a holding pattern, while U.S. Treasury markets appear to be absorbing the latest torrent of debt sales quite comfortably.
The stakes are higher than ever, given the recent creeping doubts about AI overspend and the lack of end product so far for the new tech. Apple's planned announcement on Sept. 9 of a new iPhone with new AI functionality, however, may ease some of those concerns. Another $70 billion of 5-year paper hits the street later today, with the total of bills and coupons up for grabs this week alone surpassing half a trillion dollars.Treasury is frontloading the new debt in short maturities and almost three quarters of that huge total this week is in bills with tenors of less than 12 months - a move that will see some benefit to debt servicing costs as Fed rates tumble.
And despite multiple supply anxieties from the Middle East to Libya, oil prices were on the wane again on Wednesday - and still clocking year-on-year losses of more than 5%. In Europe, British Prime Minister Keir Starmer warned on Tuesday of a 'painful' budget ahead and travelled to Berlin on Wednesday to meet German Chancellor Olaf Scholz.
This uncrowded corner of France proved the perfect holiday destination for a much-needed mums-only trip SIGNY, Switzerland, August 28, 2024--Global Blue Group Holding AG today announces its financial results for the first quarter ended June 30, 2024.Dawid Malan announces retirement from international cricket at age of 36
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