Michael O'Brien is a global markets analyst for Wealtoro, specializing in cross-asset analysis of equities, commodities, and digital assets. He reports on major economic trends and their impact on investor strategy.
US stocks showed mixed performance with the Nasdaq Composite rising as Electronic Arts surged 13.8%. The PCE Price Index met estimates, stabilizing the dollar. Oil prices gained on Russian supply risk
Silver hit over $45 per ounce, 10% below its record, as platinum reached 12-year highs. China's green technology push is driving demand, while Fed officials remain cautious on inflation.
U.S. stock markets declined as the AI-driven rally in tech stocks like Nvidia and Oracle cooled, while investors monitored commodities and crypto markets.
U.S. markets show a cautious tone as tech giants like Nvidia and Oracle lead a sector-wide decline. Crude oil prices also fall on demand concerns.
The Australian Dollar advanced after new data showed inflation rising to 3.0% in August, complicating the Reserve Bank of Australia's plans for future rate cuts.
Shares of Lithium Americas surged over 90% following a report that the U.S. government is considering taking an equity stake in the Canadian mining company.
Global markets are in a holding pattern, with US indices steady ahead of PMI data and a Powell speech, while China's economy shows strain.