Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Stocks bask in Nvidia glow, dollar steady



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>GLOBAL MARKETS-Stocks bask in Nvidia glow, dollar steady</title></head><body>

Updates prices at 1512 GMT

By Amanda Cooper

LONDON, June 19 (Reuters) -Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia NVDA.O the world's most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year.

MSCI's All-World index .MIWD00000PUS was up 0.15% at 805.12, having traded at an all-time high of 805.43.

A burst higher in U.S. tech stocks on Tuesday allowed Nvidia to dethrone Microsoft MSFT.O, which boosted shares in chipmakers in Asia overnight.

U.S. stock index futures also rose, with those on the tech-heavy Nasdaq 100 NQc1 up 0.23% and those on the S&P 500 ESc1 up 0.1%. In Europe, the STOXX 600 .STOXX fell 0.1%.

The pound GBP=D3 rose after data earlier showed British inflation returned to the Bank of England's 2% target in May for the first time since 2021.

The fall in inflation will be welcomed by both Prime Minister Rishi Sunak and the BoE - but likely has come too late either to turn around Sunak's fortunes at next month's election or to prompt a rate cut from the central bank on Thursday.

"With UK inflation at 2% and inflation in the U.S. - if you take PCE - at 2.7%, this is hardly disruptive," Lombard Odier economist Samy Chaar said, referring to the Federal Reserve's preferred inflation measure the Personal Consumption Expenditures index.

"It gives credibility to the idea that the Bank of England act in August at the latest and then that should be followed by the Fed in September," he said.

Sterling GBP=D3, which is down around 0.2% so far this month, last traded at $1.2728, up 0.15%, while the euro EUR=EBS rose 0.1% to $1.0747, but was still down 1% in June.

The single currency has been under pressure since French President Emmanuel Macron called a snap election last week after his ruling centrist party was trounced by the far right in the European Parliament elections.

U.S. markets were closed on Wednesday, which kept overall market volatility subdued.

RATE CUT HOPES

Data on Tuesday showed U.S. retail sales barely rose in May and figures for the prior month were revised considerably lower, suggesting economic activity remained lacklustre in the second quarter.

The numbers led to a small boost in rate-cut expectations for September, with traders pricing in a 67% chance of easing compared with a 61% chance a day earlier, the CME FedWatch tool showed. Markets are pricing in 48 basis points of cuts this year.

"(The) Fed will need more data to support its case for a rate cut and investors should not overact to one or two data points," said Vasu Menon, managing director of investment strategy at OCBC.

Last week, mild U.S. inflation readings contrasted with an overall hawkish stance by Fed officials, who trimmed their previous median projection for three quarter-point rate cuts this year to one.

"Rate cuts are a stronger story for 2025 but that's fine because there is hope that it will happen in a bigger way over the next two years even if 2024 remains uncertain, and that will keep markets supported," Menon said.

Fed officials are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labour market as they steer cautiously toward what most expect to be a rate cut or two by the end of this year.

The dollar index =USD, which measures the performance of the U.S. currency against six others, held steady at 105.19.

The Japanese yen JPY=EBS drifted, leaving the dollar mostly unchanged at 157.92, near last week's six-week highs.

The yen has lost a third of its value against the dollar in the last 4-1/2 years JPYUSD=R, mostly due to the wide gap between interest rates in Japan and those in the United States.

Minutes of Bank of Japan's April policy meeting showed policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if inflation overshoots.

In commodities, oil prices rose, with Brent LCOc1 crude futures up 0.6% at $85.80 a barrel, while U.S. crude futures CLc1 gained 0.48% to trade at $81.96.


World FX rates YTD http://tmsnrt.rs/2egbfVh

Asian stock markets https://tmsnrt.rs/2zpUAr4


Additional reporting by Ankur Banerjee in Singapore; Editing by Jamie Freed, Jacqueline Wong, Alex Richardson, Angus MacSwan and Rod Nickel

To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/markets For the state of play of Asian stock markets please click on: 0#.INDEXA
</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.