What's moving markets today
Every time it looks like it all could fall apart, another wave of risk on flow comes out of nowhere to prop stocks back up to record highs and knock the US dollar right back down.
Every time it looks like it all could fall apart, another wave of risk on flow comes out of nowhere to prop stocks back up to record highs and knock the US dollar right back down.
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Japan will release an additional 20 days of oil reserves from May, on top of 50 days already tapped, while shifting imports away from Hormuz routes. The move highlights energy security concerns as Middle East disruptions persist.
Gold steadies near $4760, up 2% weekly. Diplomatic hopes vs. inflation risks. Central banks buying.
Alibaba backs AI video startup ShengShu with $293M. Valuation undisclosed, but growth is tenfold. Cloud division leads.
WDAY drops 6.5% on AI disruption fears. Down 45.7% YTD, it's 59% off its high.
China's PPI jumps 0.5% on oil costs, ending 41-month slide. CPI slows to 1%. Growth vs. inflation dilemma looms.
China’s PPI rose 0.5% y/y in March, ending a multi-year deflation streak as oil prices surged, while CPI slowed to 1.0%. The data highlights rising input costs and weak demand, signalling a shift to “bad inflation” and a more complex policy outlook.
TEAM drops 8.1% on AI disruption fears; down 62% YTD, trading 74% below its 52-week high.
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