had said in Portugal that U.S. interest rates are likely to rise further and did not rule out a July hike. Notably, he said he did not see inflation abating to the 2% target until 2025.In contrast to Spain's data, news that Nordrhein-Westfalen's inflation rate had ticked up again bolstered expectations for something similar from the German-wide figure later given that NW is the country's most populous state.
Two-year U.S. Treasury yields were up at 4.759% too although still below the 4.778% that had touched on Wednesday after Powell comments. European Central Bank President Christine Lagarde, on the other hand, further cemented expectations for a ninth consecutive rise in euro zone rates in July. Markets have all but priced in two more rate hikes from the ECB this year.reiterated that "there's still some distance to go" in sustainably achieving 2% inflation, the conditions the BOJ has set for considering an exit from ultra-easy stimulus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia, AMD stocks hit by reported China chip ban, and other stocks on the moveNvidia and AMD were among chip stocks falling on Wednesday, while Overstock, Blue Apron and AeroVironment were also active.
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. stocks open lower as chip stocks fall, investors await comments from Fed Chair PowellU.S. stock indexes opened lower on Wednesday as chip stocks tumbled after a report that Washington lawmakers are considering new curbs on export of chips for AI to China. The Dow Jones Industrial Average shed 0.2%:
Source: MarketWatch - 🏆 3. / 97 Read more »
Nvidia, AMD stocks fall on report of new U.S. ban on AI chip exports to ChinaShares of Nvidia and Advanced Micro Devices slumped in the extended session Tuesday following a report that the Biden administration is considering a new ban on sales of AI chips to China.
Source: MarketWatch - 🏆 3. / 97 Read more »
Nvidia, AMD stocks hit on report of China AI chip restrictions By Investing.com⚠️BREAKING: *NVIDIA, AMD FALL ON REPORT OF CHINA AI CHIP RESTRICTIONS $NVDA $AMD
Source: Investingcom - 🏆 450. / 53 Read more »
Chip stocks smacked as U.S. mulls fresh curbs on AI access to ChinaShares of U.S. chipmakers fell in premarket trading on Wednesday following a report that the Biden administration is planning new curbs on export of computing chips for artificial intelligence to China as early as July.
Source: Reuters - 🏆 2. / 97 Read more »
Leading semiconductor chip stocks drop on reports of escalation in China tech warLeading semiconductor chip providers saw their stock prices drop after a report alleged that the Biden administration was considering restrictions on the export of chips used to power artificial intelligence.
Source: dcexaminer - 🏆 6. / 94 Read more »