Market sentiment remained tilted toward the upside across the US and European markets yesterday. In Europe, UK growth and eurozone industrial production surprised to the upside, while in the US, the data pointed at economic slowdown but sharp decline in producer prices tempered stagflation worries... but Walmart killed joy saying that they will increase the prices of their products according to tariffs. As such, uncertainties persist, the US dollar index remains under pressure, and the dollar’s weakness and majors recover early-week losses.
In China, Alibaba’s profit missed estimates and led to a 7.5% selloff in the company’s shares yesterday but growth in cloud revenue remained strong and company said that AI-related products see triple-digit growth. Watch the full episode to find out more! 0:00 Intro 0:40 Sentiment update 6:06 US dollar retreats 8:11 Alibaba falls on profit miss, but cloud growth looks promising Ipek Ozkardeskaya has begun her financial career...
