Asian stocks dipped as traders await Nvidia’s earnings to gauge the AI market’s strength. With Japan and Australia’s markets seeing declines and Nvidia accounting for over 6% of S&P 500’s market cap, all eyes are on the giant chipmaker. Recent US consumer confidence data highlighted mixed economic sentiment.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New