Market Indicators
USD/ZAR: 17.39 🔼
EUR/ZAR: 20.06 🔼
AUD/ZAR: 11.24 🔽
GBP/ZAR: 22.80 🔼
Brent Crude: USD 64.67 / ZAR 1,124.08 🔼
Gold (Au): USD 3,989.00 / ZAR 69,139.52 🔼
BTC: USD 101,043.80 / ZAR 1,848,161.36 🔽
US markets took a knock, mainly because big TECH and AI shares came under pressure again. There’s growing concern that some of the AI names might be OVERVALUED. There are also signs the JOB market could be weakening. With limited official data out right now, investors are relying on private INDICATORS. These indicators are pointing to a SOFTER economy. Overall sentiment is CAUTIOUS and the major indexes are set to finish the week weaker. MZANSI’s stock exchange BIG picture still strong — it’s UP 27.81% compared to this time last year.
CHINA’S AI chip.
Read it here: https://www.scmp.com/news/china/science/article/3329820/chinas-analogue-ai-chip-could-work-1000-times-faster-nvidia-gpu-study
SLAB = WALES.
CLAW Crisis.
UPS crash.
Read it here: https://edition.cnn.com/us/live-news/ups-plane-crash-louisville-airport
USD1bn a year APPLE GOOGLE deal.
https://www.theverge.com/news/814654/apple-intelligence-google-gemini-ai-siri
INTEREST: Around 1.4 billion years ago, a full DAY on Earth lasted only about 19 hours. Over time, tidal friction from the MOON has slowly reduced Earth’s rotation speed, lengthening our days by roughly 1.7 milliseconds every century.
NOTHING is impossible, the word itself says “I AM POSSIBLE”. Audrey Hepburn
bit.ly/redwoodfs
