- Prior -0.3%
- GDP +0.3% vs +0.2% y/y prelim
- Prior -0.2%
Looking at the breakdown, household consumption contributed 0.25% to Q1 GDP with the bigger contributor being from net trade (0.56%). That is offset a little by gross capital formation (-0.11%)
Looking at the breakdown, household consumption contributed 0.25% to Q1 GDP with the bigger contributor being from net trade (0.56%). That is offset a little by gross capital formation (-0.11%)
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Nasdaq tumbles 1.8% on AI fears & Oracle's 11% drop. S&P 500 sees 4-day losing streak. Oil pops!
Short-term bond ETFs (SHY, IEI) offer ~3.3% yield & potential price gains if rates fall. Lower risk than stocks.
The Bank of England is expected to cut rates to 3.75% today after UK inflation fell to 3.2% in November. Policymakers are likely to stress a gradual approach, with limited scope for further easing as services inflation remains sticky.
The U.S. approved more than $10bn in arms sales to Taiwan, including HIMARS, ATACMS missiles, howitzers and drones. The move lifted China defence stocks and is expected to further strain U.S.–China relations.
Vanguard favors value & non-US stocks (7-6% return) over AI tech, citing better valuations & AI diffusion. Risks rise in tech.
Wheat futures mixed; HRW up 2.75c, SRW down 3.25c. China cancels export sale, but SK buys 20.8K MT.
Live cattle futures shed $1.15, spec funds trim net long. Cattle on Feed report eyed for placement clues.
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