Goldman Sachs forecasts three interest rate cuts this year, citing increased recession risks and tariff uncertainties linked to Trump's upcoming announcement. The firm predicts a 35% chance of recession within a year.
Copper prices hit a new record of $5.2255 per lb as traders brace for potential tariffs from President Trump. With a 29% increase this year, the market is experiencing unprecedented changes driven by supply shifts and strong demand.
Oil prices opened 1% higher as the U.S. vowed to continue military action against Yemen’s Houthis, disrupting global commerce. Analysts predict slower growth in oil demand amid economic concerns.
Nvidia's revenue soars in 2024, surpassing expectations with the help of the Blackwell AI chip. Economic concerns rise as S&P and Nasdaq break losing streaks. China's Two Sessions to impact markets. India pushes for Tesla's manufacturing presence.
Goldman Sachs predicts a significant surge in Chinese equities fueled by optimism around technological advancements and market performance, with the MSCI China Index expected to rise by 16% in the next 12 months.
Wall Street's top banks left puzzled after meeting with US Treasury on compliance with new rules for investing in Chinese companies, facing uncertainty over deal qualifications and reporting requirements.
