Quick reading Energy reserves are being depleted due to the blockage of the Strait of Hormuz with WTI crude oil at $112.25 a barrel (98.4th percentile of the 12-month range). The ECB and the Bank of Japan are set to raise rates in June, creating synchronized G7 rate-hike pressure that could compress financial conditions through…
By Kanchana Chakravarty Jan 23 (Reuters) – Intel shares plunged 14% on Friday after the company struggled to meet strong AI-driven demand for data center chips due to supply constraints, disappointing investors betting on its recovery. After years of sitting on the sidelines of the AI ​​boom that made Nvidia the most valuable company in…
Safe-haven precious metals trading is showing few signs of cooling, with gold, silver and platinum extending their gains into Friday’s session. Gold futures rose ~1.6% to trade above the $4,500 level, while silver jumped over 3% amid tight physical markets and strong industrial demand. Platinum also traded near the upper end of its recent range…
