Strong jobs, services data dampens Fed rate cut hopes

Strong jobs, services data dampens Fed rate cut hopes

A strengthening services and jobs scenario Stateside again dampens expectations of further Fed rate cuts this year with tech stocks pushing U.S. indices down, with Nvidia hit by profit-taking. In the UK, long-term borrowing costs soar to a 27-year high potentially wiping out under-fire Chancellor Rachel Reeves’ fiscal headroom. Samsung admits it will miss expectations in Q4 but share are in the green on the back of positive comments from Nvidia CEO Jensen Huang about the company’s ability to deliver A.I.-suitable chips. Facebook owner Meta scraps its fact-checking programme in what CEO Mark Zuckerberg describes as a return “back to our roots” regarding free speech. And in Los Angeles County, wildfires force 30,000 people to flee the Pacific Palisades region. A state of emergency has been declared.

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Jaksot(1823)

Brent surpasses $70bbl as Iran tensions heighten

Brent surpasses $70bbl as Iran tensions heighten

Crude prices move higher with Brent now surpassing $70 a barrel after President Trump warns of potential consequences should Iran fail to reach a deal over its nuclear programme. U.S.-based private cr...

20 Helmi 26min

Stoxx 600 notches new high on  ECB top job conjecture

Stoxx 600 notches new high on ECB top job conjecture

News of a potential choreographed change at the top of the ECB has pushed Europe’s Stoxx 600 to another record close. Wall Street also closed in the green even though FOMC minutes signal a rate cut pa...

19 Helmi 27min

Mistral CEO warns AI will disrupt more than half of SaaS sales

Mistral CEO warns AI will disrupt more than half of SaaS sales

We are live at the A.I. Impact summit in New Delhi where Mistral CEO Arthur Mensch tells CNBC that a large proportion of enterprise software could end up heavily disrupted by artificial intelligence. ...

18 Helmi 26min

A.I. fears continue to loom over Wall Street

A.I. fears continue to loom over Wall Street

European equities futures point south as Wall Street is set to return to trading following the President’s Day holiday. A.I. concerns remain with the Nasdaq stuck deep in the red. Eurogroup ministers ...

17 Helmi 24min

Rubio assures trans-Atlantic ties during keynote speech at MSC

Rubio assures trans-Atlantic ties during keynote speech at MSC

U.S. Secretary of State Marco Rubio insists that Washington wants to reform rather than abandon the trans-Atlantic alliance. We speak exclusively to German foreign minister Johann Wadephul at the Muni...

16 Helmi 24min

 'AI Scare Trade' engulfs new sectors, geopolitics centre stage in Munich

'AI Scare Trade' engulfs new sectors, geopolitics centre stage in Munich

AI disruption fears hit equity markets once again, sending the S&P 500 and Nasdaq lower with transport, commercial real estate and software stocks all under pressure. Meanwhile, global leaders gather ...

13 Helmi 26min

NFP, global earnings in focus

NFP, global earnings in focus

U.S. stocks give up an initial bounce as investors digest a mixed jobs report - the headline figure more than double expectations but growth for last year revised lower. German industrial giant Siemen...

12 Helmi 27min

U.S. nonfarm payroll data in focus

U.S. nonfarm payroll data in focus

Futures stretch into the green on both sides of the Atlantic as investors await a crucial U.S. non-farm payrolls print with the White House aiming to temper expectations. Dutch brewing giant Heineken ...

11 Helmi 27min

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