European markets opened slightly lower on Friday after stocks soared to an all-time high in the previous session.
The market moves come after a flurry of interest rate decisions in recent days.on Thursday by lowering its main policy rate by 0.25 percentage points to 1.5%. The decision made Switzerland the first major economy to cut interest rates in a sign of policymakers' growing confidence in the battle to tame inflation.on Thursday, but hinted cuts could be on the horizon as inflation falls faster than anticipated.
RBC noted that major cloud providers like Amazon, Microsoft and Google are packing data centers — facilities that host computer servers — with tens of thousands of power-hungry AI chips, driving a surge in demand for infrastructure like cooling systems and electrical equipment.Top hedge fund manager David Neuhauser is predicting the price of gold to reach $2,500 by the end of 2025, and $3,000 by 2030.
Even in this environment, not all gold stocks are equal – with some big miners underperforming despite the record gold price, according to Neuhauser.Earnings are set to come from the U.K.'s JD Wetherspoon. Data releases include German business sentiment for March, and Russia's central bank will decide on interest rates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The European Fashion Alliance Hosts the Status of European Fashion in BrusselsPart of the European Fashion Alliance's goal is to involve young talents and voices in the fashion conversation.
Read more »
Flooding likely, damaging wind possible in southern Alabama Friday and Friday nightStormy weather is forecast late Friday afternoon through early Saturday morning across southern Alabama. Hail and damaging wind could occur in spots and widespread heavy rain is expected to cause flooding. Get all the details in our weather update.
Read more »
European markets mixed after hotter-than-expected U.S. inflation data; Vonovia shares down 6%European markets were mixed on Friday morning as investors digested hotter-than-expected U.S. inflation data.
Read more »
EUR/GBP rebounds from 0.8530 despite hopes that BoE to reduce rate cuts later than ECBThe EUR/GBP pair bounces back strongly from 0.8530 in the European session on Friday.
Read more »
European markets slightly higher after U.S. inflation data; HelloFresh up 9%, Vonovia down 7%European markets were slightly higher on Friday as investors digested hotter-than-expected U.S. inflation data.
Read more »
Two systems each bring widespread rain and some thunderstorms this weekMonday night into Tuesday and Friday into Friday night will likely be wet and stormy.
Read more »