Interstellar Capital

2025/01/31

Financial conditions undercut Fed's 'restrictive' view

Jan 30 - U.S. interest rate cycles are driven largely by how restrictive or accommodative the Federal Reserve thinks monetary policy is. And right now, the picture is confusing.

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2025/01/30

Stocks cheer megacap earnings; euro dips after ECB rate cut

Jan 30 - Wall Street shares looked set for more gains on Thursday, as investors cheered earnings from Meta (META.O), , but shunned Microsoft (MSFT.O), , while the dollar was steady against most other currencies after the Federal Reserve left rates unchanged.

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2025/01/30

Microsoft's cloud outlook knocks shares, Meta rises on AI payoff signs

Jan 30 - Investors punished Microsoft with a 4% share drop on Thursday as hefty AI bets failed to drive a big increase in its cloud revenue, while Meta rose 2% after CEO Mark Zuckerberg assured Wall Street about growth with promises of a "really big year".

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2025/01/29

Tech reboot lifts European stocks to record high ahead of Fed meeting

Jan 29 - World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets morphed into wait-and-see ahead of the Federal Reserve’s first rate meeting of the year and results from Microsoft(MSFT.O), , Meta(META.O), and Tesla (TSLA.O), .

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2025/01/29

Chip stocks set to extend recovery after DeepSeek reckoning

Jan 29 - Semiconductor stocks in the U.S. and Europe climbed on Wednesday for a second day after China's low-cost DeepSeek AI tool triggered a punishing selloff in artificial intelligence-linked shares earlier this week.

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2025/01/28

S&P, Nasdaq futures steady after tech rout, earnings in focus

Jan 28 - S&P 500 and Nasdaq futures steadied on Tuesday after steep losses in the previous session driven by the popularity of a low-cost Chinese artificial intelligence model that rattled stocks of U.S. companies invested in the technology.

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2025/01/27

Hedge funds were pausing US AI bets as DeepSeek emerged, says Goldman

LONDON, Jan 27 - Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said.

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2025/01/24

Morning Bid: Dollar swoons as BOJ hikes, euro zone grows, yuan relieved

The dollar (.DXY), fell to its lowest of the year as the Bank of Japan delivered a long-awaited interest rate rise on Friday, euro business unexpectedly returned to growth and President Donald Trump's latest comments gave China a lift.

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2025/01/23

Stocks steady, dollar dips as investors await Trump's next move

LONDON, Jan 23 - Global stocks steadied on Thursday, as a rally fuelled by Donald Trump's spending plans for artificial intelligence infrastructure fizzled out and caution set in over what the new U.S. president's next moves on trade might be.

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2025/01/22

'Golden age' here already, Trump just needs to protect it

LONDON, Jan 22 - In many respects, Donald Trump inherited the "golden age" he claims to be ushering in. All he really needs to do is not screw it up.

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2025/01/22

Oracle surges, chip stocks rise as Trump unveils $500 bln AI plan

Jan 22 - Oracle's (ORCL.N), shares jumped nearly 9% before the bell on Wednesday after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank (9984.T), .

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2025/01/21

Brokerages see uncertain 2025 on worries over potential Trump tariffs

Jan 21 - Uncertainties around U.S. policies could slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President Donald Trump's likely plan to raise tariffs to fuel volatility in global markets, raising inflationary pressures, which could limit major central from easing their monetary policy.

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2025/01/21

Hedge fund industry asks for 'Day One' reprieve on SEC rules

LONDON, Jan 21 - Hedge fund industry lobbyists have sent a wish list to the U.S. Securities and Exchange Commission (SEC) asking for repeals and delays to much of the regulator's hard-hitting agenda on industry transparency.

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2025/01/20

Markets optimistic as Trump returns to the White House

NEW YORK, Jan 20 - Investors welcomed Donald Trump's second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs.

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2025/01/20

European shares steady as Trump inauguration centre stage

Jan 20 - European stocks closed flat on Monday, having earlier hit a three-month high on expectation Donald Trump would refrain from increasing tariffs on U.S. trading partners as soon as he is inaugurated as president.

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2025/01/17

Morning Bid: Waller and Bessent help peg back Treasury yields

A look at the day ahead in U.S. and global markets from Mike Dolan Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump's inauguration as president on Monday.

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2025/01/17

Wall St set for higher open in countdown to Trump presidency

Jan 17 - Wall Street's main indexes were on track to open higher on Friday, with the S&P 500 and the Dow looking set to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming Trump administration.

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2025/01/16

Global stocks rally on lower bond yields

SINGAPORE/LONDON, Jan 16 - Stocks surged on Thursday, extending momentum from the previous session when data showed an easing in core U.S. inflation that raised expectations for Federal Reserve cuts and sent global bond yields lower.

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2025/01/16

Trump faces a powerful check on his power: bond vigilantes

NEW YORK/LONDON, Jan 16--- When Bill Clinton began his first term as president in 1993, he faced a challenge to his authority from an unexpected adversary: bond traders. Low taxes and high defense spending over the prior decade had contributed to U.S. debt doubling as a share of economic output.

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2025/01/15

Stocks surge after softer US inflation, upbeat fourth quarter earnings

Jan 15 Global shares jumped and the dollar fell on Wednesday, after data showed core U.S. inflation rose less than expected in December, raising the chances of a second rate cut this year, while investors cheered the first wave of quarterly earnings.

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