US Edition
Published • loading... • Updated
Stocks Mixed, Dollar up in Subdued Start to Week
European stocks and the US dollar rose after weak Japanese growth data and subdued Asian trading ahead of Lunar New Year, despite concerns over AI investment and US inflation.
- Yesterday, the FTSE and dollar/yen rose as markets stabilized after last week's declines, with the FTSE up 0.2 percent and the dollar/yen at 153.53 yen.
- After last week's tech sell-off, markets showed signs of stabilising amid AI cost worries, while Asian markets were subdued ahead of the Lunar New Year with several exchanges closed.
- Official US consumer inflation data showed a slight cooling on Friday, and market analysts said the equities response reflected that and broader risk sentiment.
- With US markets closed for Presidents' Day, analysts said focus shifts to company reports, and Thieliant warned `sluggish economic activity increases the chances that Takaichi will not only press ahead with suspending the sales tax on food but enact a supplementary budget.'
- Longer-Term, debate over AI's risks versus rewards continues to shape markets as the summit keeps AI in focus, with Altman and Pichai attending, and analysts expect rate cuts later this year.
Insights by Ground AI
33 Articles
33 Articles
Daily Journal+15 Reposted by 15 other sources
Stocks mixed, dollar up in subdued start to week
European stock markets traded mixed and the dollar advanced in thin holiday trading Monday following a subdued showing for Asian equities ahead of the Lunar New Year holiday and after Japan reported lacklustre economic growth.
·Cherokee County, United States
Read Full Article
The European stock markets are entering the new week on Monday with moderate price gains.
Coverage Details
Total News Sources33
Leaning Left2Leaning Right6Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
13%
C 50%
R 37%
Factuality
To view factuality data please Upgrade to Premium
