#MarketNews
Happy Wednesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:
Powell says monetary policy may remain restrictive longer than expected. The Fed is most likely to hold the rate at current levels. UsDollar dropped to 104.961
Goldman Sachs President warns of unsustainable US borrowing pace, urges caution on debt appetite. Foreign private investors may soon hold more US debt than the Fed.
Bullish sentiment among international funds toward stocks has reached its highest level since November 2021, and allocation to stocks is at its highest level since January 2022, according to BofA's April survey.
China is considering government purchases of unsold homes to reduce market oversupply, with the real estate sector accounting for over 25% of China's GDP.
Google unveiled its most powerful AI models amid heightened competition from OpenAI. The presentation came the day after OpenAI announced its latest AI model, GPT-4o. Google shares rose to 170.80.
The US Justice Department announced that Boeing violated the 2021 agreement that shielded it from criminal charges related to the 737 Max crashes. #BA consolidates at 180.72.
Several OPEC+ countries request an increase in oil production quotas for 2025. The UAE, Kazakhstan, Iraq, Kuwait, and Algeria are particularly under scrutiny. XBRUSD rose to 82.67.
Record dividends and buybacks support Japanese stocks, according to BBG. JP225 consolidates at 38395.
That's it for today, guys! Click on if you liked our review, and see you soon!
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