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Nvidia, MediaTek Partner on Connected Car Technology

DETROIT, May 29 Reuters Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet […]
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Debt Deal may Provide only ShortTerm Market Relief

Reuters Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government39;s 31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially […]
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European Shares Lack Momentum after Debt Ceiling Deal

European stock indexes up, U.S. futures up Dollar hits 6month high versus yen U.S., UK markets closed for public holidays Markets price in Fed rate increase next month LONDON, May 29 Reuters European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal […]
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INR may Struggle on Rising Likelihood of Fed Rate Hike

MUMBAI, May 29 Reuters The Indian rupee may come under pressure on Monday, after a tentative deal to raise the U.S. debt ceiling made it likely that the U.S. Federal Reserve will raise rates next month. Nondeliverable forwards indicate the rupee will slightly lower from the previous session39;s level of 82.575 per U.S. dollar. Odds […]
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Turkish Lira Teeters near Record Low as Erdogan Secures Victory

LONDON, May 29 Reuters Turkey39;s lira wobbled near record lows against the dollar as President Tayyip Erdogan secured victory in the country39;s presidential election on Sunday, extending his increasingly authoritarian rule into a third decade. The currency was at 20.05 to the dollar during Asian hours, just shy of the 20.06 record low hit on Friday. The […]
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Yellen Extends Default Deadline to 5th June, High PCE Prices, Metals Lower as USD Strengthens, U.S. Stocks Jump

PREVIOUS TRADING DAY EVENTS 26 May 2023 Announcements   The Personal Consumption Expenditures PCE data were released on Friday at 1530 having an impact on the USD. U.S. consumer spending was higher than the previous one and more than expected in April according to the reported figures.  This inflationrelated data could prompt the Federal Reserve to […]
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