The office of the Russian Prime Minister has denied reports of a first coronavirus in Moscow
Other events in Russia related:
- Russia has ordered the closure of its land border with China
Other events in Russia related:
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US grid faces record demand & price spikes amid heatwave. Emergency orders issued, watch energy sector volatility.
Equites getting hit. South Korea Kospi dumped 6%. Japan's Nikkei down more than 2.5% Equity index futures in the US and Europe lower
Meta's cloud pivot sinks AI chip stocks MU & SNDK 10%+. Nasdaq slides.
JPMorgan warns a growing split between AI hardware stocks and heavy AI capex spenders echoes market dynamics from 1999, just before the dot-com crash.
PBOC is expected to set the USD/CNY reference rate at 6.7929 – Reuters estimate
Salmonella fears hit snack stocks! FDA's Class I recall sparks consumer caution, impacting chip valuations.
UBS stays bullish on equities after global stocks posted their best quarter in six years, expecting AI capex near USD 1tn and a broadening rally into cyclicals.
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