US futures, Chinese inflation, Arm's AI division - what's moving markets
Investing.com -- Wall Street looks set to start the week on a positive note, but trading ranges are likely to be tight ahead of the release of key inflation data which could determine the market's near-term direction.Holdings is seen setting up a AI chip division, while Chinese consumer inflation rises once more.U.S.
SoftBank Group swung to a quarterly profit on Monday, resulting in a smaller loss in the year to March 31, as the holdings of the Japanese technology giant saw a limited boost in valuation from growing hype over artificial intelligence.Chinese consumer price index inflation grew for a third straight month in April, suggesting an improvement in domestic demand in the second largest economy in the world.grew 0.3% year-on-year, more than expectations of 0.
The full announcement, expected Tuesday, will likely maintain existing tariffs on many Chinese goods set by former President Donald Trump, but will also add new tariffs to semiconductors and solar equipment, as well as hiking electric-vehicle tariffs. Crude prices were nursing mild losses from the prior week after weak readings on U.S. consumer confidence and high inflation projections spurred concerns over an economic cooldown in the world’s biggest fuel consumer.
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