๐ Alphabet shares dropped over 7% following Google's earnings report, driven by declining revenue, increased investments in AI, and heightened US-China trade tensions.
๐ฌ๐ง The Bank of England is expected to resume rate cuts despite ongoing economic challenges, as reported by CNBC. GBP/USD climbs to 1.2500.
๐บ๐ธ US long-term inflation expectations hit record highs amid renewed trade wars. Fed's Goolsbee: Tariffs may be broader and higher than in 2018, with more significant, lasting impacts. USD rises to 107.70.
๐ฅ Gold prices hit a new all-time high yesterday as Citi raised its 2025 average forecast to $2900 from $2800. XAUUSD has been corrected to 2860.
#MarketNews
๐ CALENDAR FOR TODAY - 06.02.2025
๐ Thursday:
๐ฌ๐ง BOE Monetary Policy Report - 14:00 GMT+2
๐ฌ๐ง Monetary Policy Summary - 14:00 GMT+2
๐ฌ๐ง MPC Official Bank Rate Votes - 14:00 GMT+2
๐ฌ๐ง Official Bank Rate - 14:00 GMT+2
๐บ๐ธ Unemployment Claims - 15:30 GMT+2.