Rabobank’s Senior Macro Strategist Stefan Koopman notes UK headline CPI fell to 2.6% in June, below the MPC’s forecast, with broad-based downside surprises and easing domestic pressures. However, Koopman argues that renewed energy price increases and recurring shocks mean inflation is likely to move back above 3%, implying that 3% may effectively replace 2% as…
Software companies have not performed well recently. One reason is that many investors believe artificial intelligence (AI) will replace their products and services, leaving their businesses struggling. However, many software stocks, rather than being replaced by AI, are actively adapting to the technology. Some will do so successfully and rebound from their recent declines. It…
The EUR/USD pair gains ground to near 1.1655 during the early European trading hours on Thursday. The Euro (EUR) strengthens against the Greenback on the hawkish stance of the European Central Bank (ECB). The US Initial Jobless Claims data is due on Thursday. Markets will shift their attention to the Jackson Hole symposium later on…
CANADA – 2026/06/23: In this photo illustration, the Grab logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Grab, Southeast Asia’s leading ride-hailing and delivery firm, raised its full-year outlook on Tuesday as it reported record second-quarter results, with resilient…