Reuters Nvidia added 277 billion in stock market value on Thursday, Wall Street39;s largest oneday gain in history after the heavyweight chipmaker39;s quarterly report beat expectations and reignited a rally fueled by optimism about artificial intelligence. The company39;s stock soared 16.4 to close at 785.38, a recordhigh close, lifting its market capitalization to 1.96 trillion after its Januaryquarter […]

Feb 23 Reuters The U.S. dollar was on track to record its first weekly fall in 2024 on Friday, as investors took a breather after almost two months of rises built on subsiding expectations for future Federal Reserve rate cuts. The greenback has bounced this year as strong economic data and warnings from Fed officials the inflation […]

Feb 23 Reuters Sterling was on track for its first weekly rise versus the dollar since midJanuary on increasing risk appetite and some solid British economic data. Traders see the pound as a risk currency that moves in line with similar assets, most typically equities, and global shares capped a recordbreaking week after U.S. chipmaker Nvidia39;s blockbuster […]

LONDON, Feb 23 Reuters Red Sea shipping delays and OPEC supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices, according to traders, LSEG data and analysts. A sustained rise in crude prices would lift energy, transportation and manufacturing […]

Previous Trading Days Events 22 Feb 2024 According to the reports yesterday, Canadas December retail sales slightly beat expectations as people spent more during the holidays but likely declined at the start of the year. Retail sales grew by 0.9 in December from November, more than a forecast for a 0.8 gain, from a flat […]

NEW YORK, Feb 23 Reuters The U.S. dollar index was on track for its first weekly fall in 2024 on Friday as investors took a breather from buying the currency following an almost twomonth rally built on expectations the Federal Reserve will begin cutting rates later than previously expected. Investors have pushed back expectations for […]

JOHANNESBURG, Feb 23 Reuters The South African rand weakened in early trade on Friday, extending the previous day39;s losses to hit its lowest level since late October, with analysts citing the impact of this week39;s 2024 budget on investor sentiment. At 0800 GMT the rand traded at 19.2350 against the U.S. dollar , about 0.3 […]