Rolling coverage of the latest economic and financial news, as the AI trade bounces back
The oil price is dropping this morning, after Donald Trump declared that negotiations towards an Iran peace deal are in their ‘final throes’.
The US president made the comments to reporters at JFK airport after attending the NBA Finals at Madison Square Garden (where he was roundly booed by the crowd)
The KOSPI (+7.35%) is sharply higher after its 9th worst day in 45 plus years of history yesterday (-8.29%). The Nikkei (+2.19%) is also benefiting from a recovery in technology stocks after a decline of over -3.5% yesterday.
Chinese stocks are up just over half a percent and other markets are broadly flat. S&P 500 (+0.26%) and NASDAQ 100 (+0.54%) futures are also continuing to recover after a decent session yesterday.
Continue reading…Rolling coverage of the latest economic and financial news, as the AI trade bounces backOpenAI confidentially files for initial public offering on US stock marketThe oil price is dropping this morning, after Donald Trump declared that negotiations towards an Iran peace deal are in their ‘final throes’.The US president made the comments to reporters at JFK airport after attending the NBA Finals at Madison Square Garden (where he was roundly booed by the crowd)The KOSPI (+7.35%) is sharply higher after its 9th worst day in 45 plus years of history yesterday (-8.29%). The Nikkei (+2.19%) is also benefiting from a recovery in technology stocks after a decline of over -3.5% yesterday.Chinese stocks are up just over half a percent and other markets are broadly flat. S&P 500 (+0.26%) and NASDAQ 100 (+0.54%) futures are also continuing to recover after a decent session yesterday. Continue reading…