Venture capitalist Tim Draper predicted on Tuesday that Bitcoin (CRYPTO: BTC) will reach $250,000 in 18 months, and potentially higher, owin
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Prior +0.9%
HICP +2.0% vs +1.9% y/y prelim
Prior +1.1%
On the month itself, headline inflation rose by 1.0% and that is largely tied to a surge in energy prices (+8.9%). That's no surprise given the impact of the US-Iran conflict, which has seen European gas prices skyrocket last month. Of note, prices for petroleum…
Uber has committed nearly $10B to bolster its Robotaxi strategy, partnering with companies like Lucid, WeRide, Baidu Apollo Go and more.
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Market sentiment improved as investors were optimistic about US-Iran negotiations. Fear & Greed Index moved to 'Neutral' zone at 46.9.
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This is mostly a repeat to what we've heard from earlier in the day, that both sides are eyeing talks on Thursday in Islamabad.
But as the echo chamber gets louder, we're seeing market players pick up on the optimism and running with it. It's a funny thing that even though the latest development is…
Prior +2.3%
HICP +3.4% vs +3.3% y/y prelim
Prior +2.5%
Core annual inflation is seen at 2.9% and that is a step up from the 2.7% reading in February. As higher energy prices bump up headline inflation, it will eventually also spill over to core prices down the road. That even more so the longer…
Goldman Sachs forecasts global data center power demand will surge 220% by 2030. Discover how the accelerating AI boom impacts energy grids.
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EUROPEAN SESSION
In the European session, we don't have much on the agenda other than the final Spanish CPI. Given that it's the final data and that the market focus remains solely on the US-Iran negotiations, the market reaction will likely be muted.
As mentioned, the focus remains on US-Iran negotiations and yesterday's news…
