Beat the street: NVIDIA; ECB inflation outlook; gold gains ahead of NFP
NVIDIA continues to climb after toppling Apple as the world's second most valuable company. The European Central Bank cuts rates even as the inflation fight goes on.
Gold hits a two-week high ahead of Friday’s US jobs report, amid growing signs the US labour market is cooling.
(AI Video Summary)
NVIDIA surpasses Apple in market value
In the latest episode of "Beat the street," Angeline Ong discussed notable financial updates including NVIDIA's ascension over Apple in market valuation and the European Central Bank's (ECB) rate cut to 3.75%. Despite this expected cut, ECB projections adjusted annual inflation expectations upwards, signaling persistent inflation issues. The focus remains on upcoming economic data, which will dictate future policy shifts.
Meta faces AI scrutiny
Additionally, Meta faces scrutiny over using personal data for AI training without consent, potentially impacting its stock. Additionally, oil prices and jobs data are key focal points, influencing Fed's potential rate decisions.
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