Nvidia has confirmed its AI product roadmap remains on track and that demand is expanding beyond cloud giants to enterprises and sovereign clients, according to a note from Citi analysts.
The asset manager remains constructive on global stocks, citing resilient economic growth and strong corporate earnings as key supports against potential Federal Reserve hawkishness and a stronger U.S. dollar.
European natural gas prices retreated on Friday after shipping data confirmed that LNG tankers are still navigating the Strait of Hormuz, easing fears of an immediate supply disruption despite heightened regional tensions.
Gold prices are coiling in a tight range below the key $4,150 resistance level, forming a bearish pennant chart pattern that suggests a potential continuation of the recent downtrend.
A Qatari delegation arrived in Iran on Friday to mediate escalating regional hostilities, according to Iranian media, with talks reportedly being held in coordination with the United States.
According to Citi, the Japanese yen's depreciation is being driven by hedging and rebalancing activities from investors as the nation's stock market rallies to historic highs.
Foreign exchange markets are bracing for potential volatility as several billion dollars' worth of options contracts across major pairs like EUR/USD and USD/JPY are set to expire, potentially influencing spot prices around key levels.
The U.S. dollar gained as investors sought safety following attacks on oil tankers in the Middle East, a development that overshadowed monetary policy as the key market driver. The geopolitical flare-up sent oil prices soaring and weakened other major currencies like the euro and yen.
The British pound traded near its strongest level since mid-June on Tuesday, as a lack of major U.S. economic data kept the dollar in a tight range ahead of the release of Federal Reserve meeting minutes.
