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Nvidia Shares Plummet Amidst AI Stock Sell-Off

As of 2023, Nvidia's stock price has grown by approximately 146% year-to-date, driven by its dominant position in AI chip technology and strong demand for its GPUs. Nvidia shares experienced their most significant single-day decline, dropping over 9% on Tuesday amid a broader sell-off in artificial intelligence (AI) stocks. The market's retreat from AI stocks…

ByPexecoSeptember 4, 20240Comments

Finance News

European Stocks Surge as Cooling Inflation Fuels Hopes for ECB Rate Cuts

European stock markets continued their upward trajectory as cooling inflation fueled optimism for deeper rate cuts by the European Central Bank (ECB). Germany's DAX reached a new high after a surprising drop in consumer prices for August, further driving the rally. Expectations for significant rate cuts by central banks, particularly in Europe, continued to bolster…

ByPexecoAugust 30, 20240Comments

News

Euro and Pound Strengthen as Lower US Inflation

Favorable market conditions in the eurozone and the UK and lower US inflation could prompt the US Federal Reserve to consider rate cuts. As the euro and pound strengthen, the Fed might feel pressured to adjust rates to maintain the competitiveness of the dollar. Both the euro and stock markets across Europe climbed following the…

ByPexecoAugust 15, 20240Comments

Commodities News

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Crude oil prices saw a sharp rebound after hitting a six-month low on Wednesday. Rising demand and ongoing conflict in the Middle East are driving the price increase. The oil markets rebounded sharply on Wednesday, with the Brent futures at the Intercontinental Exchange rising 2.42% to $78.33 per barrel, and WTI futures at the New…

ByPexecoAugust 8, 20240Comments

Learning

Mastering Commodities Trading with CFDs

Commodities refer to materials and primary products that make the global economy. Commodities like gold and silver, energy such as crude oil and natural gas, are indispensable to numerous industries globally. CFD trading has recently emerged as a favoured approach for investors who want to gain access to the commodities markets without actually owning the…

ByPexecoJune 5, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Nvidia Shares Plummet Amidst AI Stock Sell-Off

European Stocks Surge as Cooling Inflation Fuels Hopes for ECB Rate Cuts

Euro and Pound Strengthen as Lower US Inflation

Crude Oil Prices Rebound as Demand Rises Amid Middle East Tensions

Mastering Commodities Trading with CFDs