Summary: NVIDIA 's earnings report exceeded analyst expectations, leading to a 13.2% surge in stock price in extended trading. Other chip stocks , including AMD and Intel , also experienced significant gains as a result of NVIDIA 's success. ST Microelectronics , a French chip manufacturer, saw a positive stock price response due to the market's enthusiasm following NVIDIA 's earnings . ...

Summary: The Jackson Hole symposium begins, raising expectations about its impact on markets, interest rates , and the US dollar. Central banks grapple with the challenge of balancing inflation control and fostering economic growth . Fluctuations in the US dollar are not solely tied to the symposium but have multiple influencing factors. The euro's performance is analyzed in relation to recent dollar movements and support levels. Federal Reserve Chairman Jerome Powell's upcoming speech holds key insights for future market trends. ...

Summary: German PMI services plunge from 52.3 to 47.3, while manufacturing PMI improves slightly from 38.8 to 39.1. Economists warn about the possibility of stagflation in Germany 's services sector, requiring ECB to consider rate hikes. Eurodollar chart shows Euro weakening against the US dollar, with implications tied to the upcoming Jackson Hole symposium . Germany 's position as the Eurozone's largest economy intensifies the impact of these economic developments. ...

Summary: Watches of Switzerland shares are experiencing a significant decline in the London markets following the news of Rolex 's acquisition of Bucherer . The acquisition marks the latest chapter in the century-old relationship between Rolex and Bucherer . Swiss competition regulators are examining the takeover's potential impact on Bucherer 's global supplier relationships . Watches of Switzerland emphasizes that there will be no disruption to Bucherer 's regular business operations due to the acquisition . Despite the historic...

Summary: FTSE 100 reaches 10-day highs despite mining company struggles. Mining stocks, including Anglo-American , Rio Tinto , Glencore , and Antepagasta , perform poorly due to concerns about global growth and Chinese economy . Wilco faces business-saving uncertainty leading to potential store closures and job layoffs. Virgin Media 's broadband contracts draw attention, potential for unlimited price rises under scrutiny. Positive news from PureGym as half-year revenue increase s alongside growing membership. Nvidia shares surge as chipmaker...

Summary: Japan's inflation rate defies predictions, staying at 3.3% compared to the anticipated 2.5%. Core inflation, excluding food and energy, matches expectations at 3.1%, while 'core, core inflation ' reaches a 42-year high of 4.3%. Japanese yen weakens as the dollar gains strength, prompting discussions about potential Bank of Japan policy changes. ...

Summary: The UK economy faces concerns as initial data shows an unexpected rise in June's inflation rate to 4.2%. Job numbers indicate potential hesitance by the Bank of England in raising interest rates . Unemployment reaches levels not seen since October 2021 amid recent events like Wilco's administration. Average hourly earnings grew by 8.2% in June, aligning with expectations of further interest rate increases. The uncertain monetary policy outlook hinges on upcoming consumer price inflation figures. Sterling reacts positively to data release, impacting currency performance. Future economic trajectory depends on up...

Summary: Bitcoin 's value decline has negatively impacted Coinbase , causing substantial losses for the exchange. Elon Musk 's SpaceX venture reported a significant write-down of Bitcoin holdings and participated in a selloff, contributing to the cryptocurrency's decline. Elon Musk 's influence on the cryptocurrency market has made him a central figure for digital asset traders and investors. Bitcoin 's recent price chart reflects a worrisome trend, with potential for further declines indicated by the current red candle. The possibility of a complete retracement raises concerns, with Bitcoin 's price pot...

Summary: Twitter, now known as X, is discontinuing its web-based Tweetdeck service , raising concerns about its future. Elon Musk aims to make X financially self-sustaining and had previously mentioned potential payment models . The decision to end the free Tweetdeck version forces users to choose between the paid service and alternatives. Potential Threads , introduced as a threat to X, faces decreasing adoption rates. Speculation abounds that Musk might introduce a premium X model catering to high-value online sectors . Musk's success with Tesla inspires expectations for X's transformative journey. ...

Summary: Chinese Yuan falls as economic indicators reveal further slowdown. Industrial output growth slower than June and below expectations. Mobile sales also underperform expectations. Unemployment rate rises to 5.3%, posing challenges for Chinese economy. People's Bank of China cuts one year loan rate and considers stamp duty reduction. US dollar strengthens against offshore Chinese yuan. Technical analysis suggests potential trends in the foreign exchange market . ...

Summary: Marks & Spencer's stock reaches 18-month highs due to strong performance in physical stores and across various brands. The company raises financial guidance and predicts higher profits for the fiscal year. Marks & Spencer expands its market share in clothing, home, and food business es over a 19-week period. Share price experiences a significant increase of 128.75% from the previous year's low. Despite economic challenges, Marks & Spencer's resilience and trusted brand image contribute to its success. ...

Summary: FTSE 100 index hits four-week lows around 7,500 points, attributed to underperforming mining companies . Fintech Group plus 500 introduces $60 million share buyback program despite declining revenue and profit . Ugov considers potential listing in the US, leading to a rise in the company's opening performance. Real estate investor Sharps Recapital secures £200 million loan for bond repayment, resulting in early value slide. UK government extends rules allowing takeaway pint sales without a license until March next year. Small caps RC 365 gains exclusive rights to use US-based Unique AI 's AI-driven plat...

Summary: Deliveroo surpasses profit expectations in the UK, with a 7% increase in gross transaction value . Proposed return of £250 million surplus cash to investors and potential introduction of regular dividend s. Stock price surges by 3.75% in response to improved profit outlook. Deliveroo 's performance shows progress compared to initial challenges since its 2021 stock listing. ...

Summary: UK house builders experience stock price declines following figures and comments from Halifax. Volatility in the housing market presents opportunities for investors. Halifax reports a fourth consecutive monthly decline in British house prices . Resilience observed in the market among first-time buyers seeking smaller properties . ...

Summary: WeWork raises doubts about its ability to continue as a going concern and sees three board members stepping down. Company's shares experience a significant decline amidst criticism for handling post-lockdown transitions and layoffs . Comparison drawn to Zoom 's office return policy and its impact on the demand for office spaces and remote work solutions . ...

Summary: Investors await the US inflation data for July as a significant market driver. After a notable drop in June, expectations rise for an acceleration in July's inflation figures. The Fed eral Reserve's stance on interest rates is poised to be influenced by the inflation trend. Core inflation remains a key concern and could impact the Fed 's decision on rate hikes. US dollar strength and Euro 's performance hold implications for trading dynamics. Crude oil's price surge contributes to inflation, adding to the cautious market sentiment. ...

Summary: HSBC 's first-half profit surges more than twofold. HSBC announces a new share buyback program worth $2 billion. Market cap reaches $162 billion, with a pre-tax profit of $21.7 billion in the first six months. Investors are excited about the confidence shown through share buyback s. HSBC shares are soaring after reporting strong earnings and announcing a fresh share buyback of up to $2 billion. ...