EUR/USD 1.15670
0.336%
Gold 4376.21
0.580%
Oil 81.347
1.148%
USD/JPY 159.365
-0.085%
GBP/USD 1.35347
0.365%
GBP/JPY 215.701
0.277%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 15th, local time, the Yemeni government forces stated that the Houthi rebels launched six ballistic missiles at the southwestern Yemeni port of Mocha, targeting local civilian and government facilities in an attempt to impose a blockade and exacerbate the plight of the people. On the same day, the Yemeni Ministry of Health issued a statement strongly condemning the Houthi attack on Mocha and warning of serious health and humanitarian consequences. The Ministry of Health called on the United Nations, international organizations, humanitarian agencies, and the international community to condemn the Houthi attacks on civilian and critical infrastructure, protect infrastructure essential to peoples basic needs, ensure the continued delivery of supplies and humanitarian aid, and strengthen emergency health and nutrition assistance to the western coastal regions of Yemen and other affected areas.Yemens health ministry: A missile attack launched by Houthi rebels against Mocha, Yemen, tonight killed one civilian and injured eight others.On August 15th, Broadcoms stock price fell nearly 7% intraday on Friday as the market focused on the financing model behind its AI infrastructure expansion. Bank of America analysts estimate that Broadcoms financing platform for its AI chip customers could accumulate up to $370 billion in senior debt by mid-2029, with new issuances in 2027 alone potentially reaching approximately $150 billion. This estimate is based on a 20-gigawatt data center. The debt is assumed by the financing platform, not directly by Broadcom, but Broadcom has already guaranteed some customer lease payments, with the first guarantee amounting to approximately $29 billion. This financing model began in June of this year, led by Apollo Global Management and Blackstone Group, providing $35 billion in funding for Broadcoms AIXPV platform. The first tranche will support Anthropic in building over 1 gigawatt of computing power, with the platform planned to provide over 20 gigawatts of computing power by 2028. As the AI infrastructure expands, the future scale of Broadcoms guarantees will be a key focus for the market.On August 15th, Tiger Global Management conducted a large-scale portfolio adjustment in the second quarter. Regarding reductions: Broadcom (AVGO.O) was reduced by 51.1% to 1.8 million shares; Google A (GOOGL.O) was reduced by 45.4% to 5.8 million Class A shares; TSMC (TSM.N) was reduced by 12.3% to 4.9 million ADSs; Microsoft (MSFT.O) was reduced by 9.3% to 2.3 million shares; Meta Platforms (META.O) was reduced by 8.5% to 2.8 million Class A shares; Nvidia (NVDA.O) was reduced by 6.8% to 11.2 million shares; and JD.com (JD.O) was reduced by 41.5% to 201,500 ADSs. Regarding increases: Intel (INTC.O) holdings were increased to 4.3 million shares. New positions were established in AMD (AMD.O) with 674,000 shares and SpaceX (SPCX.O) with 375,000 shares. All holdings in Netflix (NFLX.O) were liquidated.According to the Wall Street Journal, JPMorgan Chase (JPM.N) has terminated its banking relationship with Polymarket due to regulatory issues.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

 EUR:GBP.png

 

The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


Suggestion