The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The stock markets closed higher, bolstered by a strong quarterly report from Nvidia, whose shares surged by 5%. The company's confident forecast eased concerns about a potential bubble in the AI sector, providing support to the stocks of other AI companies, including Alphabet, whose shares also showed growth. The S&P 500 and Nasdaq 100 indices increased by 0.38% and 0.59%, respectively, with futures showing even more pronounced gains.
Positive dynamics were also reflected in Asian markets, with the Nikkei 225 gaining 2.5% and the South Korean Kospi up by 2.9%. Bitcoin rose to $92,000. Meanwhile, investors are cautiously assessing the prospects for a Federal Reserve interest rate cut and awaiting the upcoming jobs report, which could influence future market directions. Follow the link for more details.
At the October meeting of the Federal Reserve, the leadership's opinions were divided: some feared that lowering rates could exacerbate inflationary pressures, while others considered the possibility of a gradual reduction closer to year-end. An increasing number of members advocate caution and maintaining the current policy until clearer data on the labor market and inflation is available.
After the release of the minutes, the probability of a rate cut in December plummeted from 65% to 30%, according to CME Group's FedWatch data. This indicates that investors view the Fed's stance as restrained and poised to avoid hasty actions. Against this backdrop, the dollar strengthened, and the USDX index started to recover from previous fluctuations. Follow the link for more details.
NVIDIA published an impressive quarterly report, halting the four-day decline in the US stock market and pushing the company's shares up by 6.5%. Despite a recent 12% drop from October highs, NVIDIA is showing strong results: its revenue reached $57 billion, and earnings per share stood at $1.3, all exceeding analysts' forecasts.
This financial success has heated discussions about the role of AI in technological development. Optimists believe that such results strengthen faith in the growth of the S&P 500 and the entire tech sector. However, skeptics point to rising costs and uncertainties regarding the effectiveness of investments in AI. Follow the link for more details.
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