Japan services growth hits five-month high, PMI shows

The EURUSD is testing a key short-term support area after buyers failed to sustain a break above an important retracement level last week. Last week, the EURUSD moved above the 50% retracement of the decline from the January 28 high to the June low. That midpoint level comes in at 1.1702. Buyers had their shot,…

Japan delivered the inflation and labour data the Bank of Japan needs to move next month and the Japanese Yen is weaker for a fifth consecutive session. Tokyo Consumer Price Index (CPI) inflation excluding food and energy reached 2% in August, the headline rate rose to 1.9%, and unemployment fell to 2.4% against a 2.5%…

With the end of August nearing, there are only four months until the calendar flips to 2027. While that may seem like an odd prospect, it’s the reality. Investors need to start thinking about which stocks will be the best performers in 2027, in order to buy them before the new year arrives. Major funds…

Nvidia’s effective monopoly over the most powerful chips has made U.S. export controls a key tool in Washington’s effort to preserve its advantage over China in the AI race. But despite U.S. restrictions on exporting the company’s most advanced semiconductors, including GB300s, several Chinese firms have reportedly been able to access the chips’ compute power…

Nvidia‘s near-monopoly over the most advanced AI chips is under “threat” as OpenAI’s and other tech giants announce custom-built semiconductors, analysts told CNBC. Follow CNBC’s live coverage of Nvidia’s 2027 second-quarter earnings OpenAI announced that its first AI chip, the Jalapeño, had “industry-leading speed and efficiency,” as it unveiled the semiconductor on Tuesday. Google, AWS…