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Wall Street surged after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, sparking optimism. Treasury yields dropped, and futures traders increased bets on a September rate cut. The S&P 500 rebounded, while the Russell 2000 saw significant gains. The dollar weakened, and risk assets like Bitcoin and gold rose, fueled by expectations of growth-oriented monetary policy.
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News and Media
Global markets brace for a week of key events. Nvidia's earnings report gains importance amid tech stock volatility, with focus on AI demand and U.S. government chip revenue deal. Defence stocks face pressure as Ukraine peace signs emerge, while Japan grapples with political instability impacting bond yields.
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News and Media
Fitch has kept the U.S. credit rating at AA+. The agency is concerned about rising debt. But the large economy and the dollar's global role support the rating. High deficits and debt are problems. Tariff revenues may help this year. Fitch expects deficits to rise long term. The U.S. rating outlook is stable. S&P Global also maintained its AA+ rating.
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News and Media
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