News

Norwegian Finance Minister: Norway's oil and gas production will naturally decline.

Bank of England Governor Bailey: We cannot wait for conclusive evidence of a second-round effect (before taking action).

Norwegian Finance Minister: Compromises are needed to strengthen defense.

The S&P 500 turned positive.

Bank of England Governor Bailey: There are questions surrounding the two growth drivers, trade and technology.

Dutch Finance Minister: We have told the EU not to relax budget rules.

The Nasdaq Biotechnology Index fell 2.6% as Fulcrum Therapeutics shares and Abivax American Depositary Receipts (ADRs) plummeted following the release of trial results.

Bank of England Governor Bailey: The outlook is for slower growth, not a recession.

Bank of England Governor Bailey: Future events will become highly unpredictable.

Bank of England Governor Bailey: Excessive inflation is entirely attributable to the situation in the Gulf region.

Bank of England Governor Bailey: Policymakers face a trade-off between growth and inflation.

Norwegian Finance Minister: NATO is at its most prepared state in decades.

Market news: The U.S. Department of Commerce has awarded XLight $150 million in chip-related incentive funds.

Norwegian Finance Minister: Managing tensions between the United States and Europe has become more difficult today.

The Nasdaq 100 turned positive, with Marvell Technology (MRVL.O) up 22%, Broadcom (AVGO.O) up 5.3% and Nvidia (NVDA.O) up 3.1%.

Nvidia (NVDA.O) rose 2.6%, with its total market value back above $5.5 trillion.

Bank of England Governor Bailey will appear before the House of Lords in ten minutes; the US JOLTs job vacancies for April will be announced in ten minutes.

According to Sky News, the SpaceX stake sold through intermediary platforms such as Hargreaves Lansdown could be worth as much as $2 billion.

Japanese Finance Minister Katayama Satsuki: The Japanese government and some financial institutions will gain access to the Anthropic Mythos model.

Ned Davis Research raised its target for the S&P 500 Index by the end of 2026 to 7,950 points.