PBOC is expected to set the USD/CNY reference rate at 7.1131 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
Tech stocks tumble 1.9%, futures hint at rebound. Tesla's $1T pay package approved, NVDA, AMD, MSFT dip. Job cuts surge.
J.P. Morgan said the BoE was right to hold rates as inflation remains nearly double its target and household expectations rise. She warned that tax hikes and persistent price pressures mean rate cuts must be approached cautiously.
US pauses $3.2B China port fees for 1yr, eyes shipbuilding talks. COSCO faces $1.5B potential impact.
Nvidia CEO warns China leads AI race due to lower energy costs & less regulation; US prices surge 22% on demand.
JPM sees S&P 500 hitting 7000+ on strong growth & earnings. Buy dips through year-end!
AI stocks dive on valuation fears, sparking volatility. Dow slips 300 pts as traders eye earnings.
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