Some trading into ‘risk off’ positions combined with profit taking and oil price jitters to muddy the market waters this week.
Nvidia’s record result largely shrugged off by market looking for bigger things from AI and tech mega-cap stocks, while Qantas and Air NZ fly into earnings turbulence.
UPDATE: Trade and Investment Minister says US Supreme Court decision overnight has potential to be important for NZ exporters.
Market remains jittery about high levels of AI investment, but tariffs seem to be navigable for Kiwi exporters.
Recent advances in AI spurred fears that it could disrupt the business models of established software companies.
Meanwhile, Trump taps Federal Reserve critic Kevin Warsh to be Jerome Powell’s successor.
The video creation platform has secured its future in the US by carving off its operations.
Fiscal and political priorities overwhelming monetary policy imperatives is no longer a surprise to markets.
Markets' initial reaction to the attack and arrest of the country's president indicates they don't mind US imperialism.
The Federal Reserve dual mandates were in conflict this week, as the softening labour market trumped concerns about stubborn inflation.