🔀 During yesterday’s session, the Dow Jones index recorded its highest level in one month, while the Nasdaq index fell by more than 1%, as investors abandoned shares of companies related to the field of artificial intelligence and headed to others operating in value areas, such as financial sector shares, energy, and utilities.
🔻 Nvidia's stock fell by 6.68% for the third session in a row, as market observers indicated that the company was exposed to profit-taking operations after it became the most valuable company in the world after the noticeable rise it recorded last week. At a time when other chip stocks fell, including US stocks in Taiwan, which operates in the field of semiconductor manufacturing. Shares of Broadcom, Marvell Technology and Qualcomm also fell
💲 The US dollar fell this morning, for the second session in a row, after falling from its highest level in almost eight weeks, which it recorded on Friday. The dollar index was down 0.09% at 105.00.
👀 US Personal Consumption Expenditures (PCE) Price Index - The Fed's preferred measure of inflation is due on Friday, but today the highlight of the US docket is the CB Consumer Confidence Index, followed by the Richmond Manufacturing Index.
🏛 The political conditions in American life occupy a place in the minds of investors, as the first American presidential debate between President Joe Biden and his rival, former President Donald Trump, is scheduled to take place on Thursday.
🍁 Today, Canadian Dollar traders will receive the latest inflation figures from the Consumer Price Index (CPI), which is expected to ease slightly over the year to May.
💱 The US dollar fell against the Japanese yen by 0.14%, with traders remaining on high alert for any intervention by Japanese authorities to support the currency. In fact, fears of another intervention kept traders wary of testing the key 160.00 resistance level, leaving the yen trading in a narrow range.
💶 The euro rose 0.11% to $1.0742, amid political turmoil in France following President Emmanuel Macron's surprise call for early elections earlier this month. However, the single currency was on track to post a monthly loss of around 1%, due to these disruptions. The British pound rose 0.15% to $1.2697.
⤴️ In the cryptocurrency market, Bitcoin rose by 2.73% to $61,050, erasing part of the large losses that occurred in yesterday’s session by 6.65% and recorded its lowest level in more than one month. The queen of cryptocurrencies suffered its worst day in more than two months at the start of the week, partly due to exits from bitcoin exchange-traded funds (ETFs).
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