Reported 2 days ago
Global stocks, particularly in Asia, advanced on Thursday, buoyed by enthusiasm surrounding artificial intelligence and expectations of interest rate cuts, despite U.S. President Trump's proposed tariffs on copper and Brazil. While Trump's tariff announcements initially stirred concern, investors remained largely unfazed, as market reactions were milder compared to previous instances. Strong quarterly results from TSMC, alongside Nvidia becoming the first public company to reach a $4 trillion market value, contributed to the optimism, leading analysts to predict potential rate cuts by the Federal Reserve later this year.
Source: YAHOO