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On January 8th, Goldman Sachs predicted that after silver prices achieved a historic surge in 2025, the period of extreme price volatility would continue, advising clients averse to volatility to remain cautious. Goldman Sachs attributed recent price fluctuations to inflows of private investor funds driven by the Federal Reserves easing policies and diversification trends, but also noted that liquidity shortages in London significantly amplified these fluctuations. Goldman Sachs stated that due to declining inventory levels, the market is poised for a "squeeze"—an influx of investor funds into London vaults to absorb excess silver, leading to accelerated price increases; conversely, when the supply shortage eases, prices will fall sharply. Goldman Sachs remains unlikely to impose tariffs on silver in the United States.The UAE Medicines Authority has recalled some Nestlé infant formula products, following a previous recall of some batches due to toxin risks.On January 8th, executives at chip technology company Arm (ARM.O) revealed that the company has completed its restructuring and established a Physical AI division to expand its market share in robotics. Amidst the flurry of news in the humanoid robot field at CES, Arm decided to create a dedicated division focused on robotics. Overall, Arm will now operate three main business lines: cloud and AI, edge computing (including its mobile devices and PCs), and physical AI (covering its automotive business). Arm executives believe the robotics market has enormous growth potential in the long term. Drew Henry, head of the newly formed Physical AI division, stated that physical AI solutions can "fundamentally improve labor productivity and save time," and could therefore have a significant impact on GDP.Google has reached a settlement with Character.AI to resolve a lawsuit alleging that an AI chatbot caused a teenagers suicide.Company executives stated that Arm (ARM.O) restructured the company and established a physical artificial intelligence division to expand its robotics chip technology portfolio.

Before UK Employment And Japan GDP Data, GBP/JPY Recovers Above 158.50

Daniel Rogers

Feb 13, 2023 14:37

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In the early hours of Tokyo, GBP/JPY surpassed 158.50. After Friday's significant swings, it is anticipated that the cross's volatility will decrease. As the likelihood of scholar Kazuo Ueda being appointed the next Governor of the Bank of Japan (BoJ) grew, the Japanese Yen witnessed extreme volatility.

 

According to the Nikkei Asian Review, the Japanese Cabinet is anticipated to appoint Kazuo Ueda as the next Governor of the Bank of Japan (BoJ) when Haruhiko Kuroda steps down in April. According to sources, the Japanese government would appoint former FSA Chief Himino and BoJ Executive Director Shinichi Uchida as Deputy BoJ Governor.

 

The announcement prompted the Japanese Yen to climb perpendicularly, but Kazuo Ueda's assertion that the current monetary policy was appropriate halted the increase. Prime Minister Fumio Kishida of Japan reaffirmed that the administration will consider ending the decade-long expansionary approach under the new leadership of the Bank of Japan. Kazuo Ueda's divergent position on monetary policy diminished the likelihood of a withdrawal from accommodative monetary policy.

 

Investors are awaiting the Japan GDP (Q4) report on Tuesday. The growth of economic data is 2% annually and 0.5% quarterly.

 

British investors await employment data to determine the direction of the Pound. The three-month unemployment rate stays unchanged at 3.7%. Without incentives, average earnings are expected to increase by 6.5%. The Bank of England (BoE), which is battling inflation, may confront additional obstacles.

 

If we achieve our goal of halving inflation this year, we will have some of the best growth prospects in Europe, according to the British minister of finance, Jeremy Hunt.

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