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Nasdaq Futures Up 2% Following Blowout Nvidia Earnings

Futures listed on the tech-heavy Nasdaq 100 advanced by 2% in early trading on Thursday after chipmaking giant Nvidia Corp released a blowout earnings report, raising its sales forecast as a result. With earnings showing that demand for its artificial intelligence is skyrocketing, Nvidia...

China Central Bank Holds Rates Constant

China's central bank has decided to leave a key policy rate for maturing medium-term loans unchanged, as was expected by markets. Interest on the People's Bank of China's one-year medium-term lending facility (MLF) loans will thus remain at 2.5%. This comes as uncertainties rise around...

Slowing Inflation Boosts Interest Rate Cut Hopes

Economic data due this week is expected to show that inflation is cooling further, thereby boosting hopes that the Federal Reserve will consider cutting interest rates in the coming months. The consumer price index (CPI) is expected to show that prices rose by 3.7%...

European Central Bank Pushes Back Interest Rate Cuts

The European Central Bank (ECB) will hold off on introducing interest rate cuts on Thursday, keeping rates at a record high. While the ECB has not implemented rate hikes since September, it remains adamant that a reversal would be premature given that price pressures...

European Stocks End Week on High as U.S. Futures Rise

Stocks in Europe ended a tumultuous week on a high on Friday, with the Stoxx Europe 600 rising by 0.3%. This is the benchmark index's second straight daily rise following a selloff resulting from flailing hopes for an incoming interest rate cut by the...

UK Inflation Rises to 4%, Dashing Hopes of an Interest Rate Cut

UK inflation rose by 4% in December, the Office for National Statistics (ONS) reported, thereby outpacing the 3.8% rise predicted by economists. Higher than the 3.9% rise in November, December's inflation surge was largely driven by a 16% annual rise in tobacco prices, followed...