Artificial intelligence (AI) news

Artificial intelligence is transforming finance. AI algorithms analyse data, predict trends, and automate trading. Companies involved in the development of artificial intelligence are impacting market efficiency and potentially increasing volatility in the global economy.

Asia midday: Asia stock markets pull back as USD rebounds, Hang Seng Index (Chart of the day)

Global equities paused after a seven-day rally as Asia markets retreated from recent highs. The Dow Jones Industrial Average and Russell 2000 fell, while the S&P 500 and Nasdaq 100 hit fresh records, led by tech giants. Asia's Hang Seng and Nikkei dropped 0.9%, while Singapore's STI saw profit-taking. A firmer US dollar and overbought conditions weighed on sentiment. Gold slid for a third session, nearing key support, as the USD rebound pressured commodities and risk assets.

25-07-2025 07:20 GMT by Kelvin Wong

Asia midday: Asian stocks rise on AI optimism, US-EU trade hopes, EUR/GBP (Chart of the day) bullish trend intact as ECB looms

US futures edged higher in Asia on Thursday, lifted by AI optimism and improving US-EU trade talks. Tesla fell 4.4% post-earnings miss, while Alphabet rose 1.7% on strong AI-driven results. Wall Street hit new highs, with the Dow nearing its record. Asian markets followed suit—Japan's Nikkei surged 1.7%, STI extended its record streak. Meanwhile, the yen strengthened and gold slid further toward key support as traders await the ECB's policy signals.

24-07-2025 07:09 GMT by Kelvin Wong