Latest news with #IpekOzkardeskaya
Khaleej Times
15-07-2025
- Business
- Khaleej Times
Dubai gold prices edge higher as global tensions boost safe-haven demand
Gold continued to trend higher in Dubai due to global prices staying higher, supported by tariff row tension. On Tuesday morning, 24K was trading slightly higher at Dh405 per gram, while 22K, 21K and 18K opened at Dh375.0, Dh359.5 and Dh308.25 per gram, respectively. Spot gold was trading at $3,364.57 per ounce, up 0.43 per cent. Jewellers in Dubai said shoppers are in a catch-22 situation due to volatility in prices. 'Only those shoppers are currently buying jewellery who have events or celebrations. Others are still waiting for the prices to drop, especially investors who want to buy gold bars and coins,' said a jeweller. Over the past week, gold has continued to trade in a narrow range, struggling to establish a clear directional trend. Strong economic data and the Federal Reserve's watchful approach have weakened gold's short-term appeal. However, tariff uncertainties, rising debt pressures, and escalating geopolitical tensions continue to drive demand for gold as a risk hedge. 'This week, market focus will shift to US CPI and retail sales figures, where stronger-than-expected results could cause price swings. Gold fluctuated mostly between $3,300 and $3,360 last week,' said Dilin Wu, research strategist at Pepperstone. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said the market reaction to the weekend's tariff threats — this time targeting a 50 per cent tariff on Mexican and European exports to the US — was mostly hopeful that they won't materialise. 'That's how markets traded the news — on the assumption that negotiations will water things down to a 15 per cent rate, at least for the Europeans.'
The Hindu
11-07-2025
- Business
- The Hindu
Nvidia's market value tops $4 trillion
Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology. Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies. Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK. Nvidia's high-end processors are at the centre of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centres and dominate the emerging technology. Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips. "Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note. Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other U.S. firms with market values above $3 trillion. Microsoft is the second most valuable U.S. company, with a market capitalisation of $3.73 trillion. Its shares dipped 0.4% on Thursday. Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services. Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.
New Straits Times
11-07-2025
- Business
- New Straits Times
Nvidia's market value tops US$4 trillion
NEW YORK: Nvidia's stock market value ended the trading session above US$4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology. Shares of Nvidia ended up zero point seven five per cent at US$164.10, giving it a market value of US$4.00 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial intelligence technologies. Nvidia's stock market value briefly peaked above US$4 trillion on Wednesday before closing at about US$3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK. Nvidia's high-end processors are at the centre of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centres and dominate the emerging technology. Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips. "Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note. Nvidia achieved a US$1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above US$3 trillion. Microsoft is the second most valuable US company, with a market capitalisation of US$3.73 trillion. Its shares dipped zero point four per cent on Thursday. Apple's stock has tumbled 15 per cent so far in 2025, leaving its market value at US$3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services. Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.
Bloomberg
10-07-2025
- Business
- Bloomberg
Why Nvidia Will Still Lead AI for the Next Decade
Ipek Ozkardeskaya, Swissquote senior market analyst, says Nvidia still has a lot to offer and will be the heart of AI for at least the next decade. She joins Caroline Hyde on 'Bloomberg Tech' to discuss. (Source: Bloomberg)
The National
04-07-2025
- Business
- The National
Oil prices fall on Opec+ output hike expectations and possible Iran talks
Oil prices fell on Friday on the expectation that Opec agreeing to another increase in crude output over the weekend and the possible resumption of US-Iran nuclear talks in Oslo will reduce risks to global supplies. Brent, the benchmark for two thirds of the world's oil, was down 1.16 per cent to $68 a barrel at 1.54pm UAE time, while West Texas Intermediate, the gauge that tracks US crude, was trading 1.13 per cent lower at $66.24 a barrel. 'Bears are back in control this morning following reports that US-Iran nuclear talks are resuming and that Opec is expected to announce a production increase of 411,000 barrels per day this weekend,' Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said. 'While rising supply and softening demand suggest a move back below $65 per barrel, the strong support seen this week near that level hints that any downside might take longer to materialise.' US news website Axios reported on Thursday that the US is planning to hold nuclear talks with Iran next week, with both White House envoy Steve Witkoff and Iranian foreign minister Abbas Araghchi will be in attendance in Oslo during the negotiations. This came after Iran reaffirmed its commitment to the nuclear non-proliferation treaty on Thursday, a day after President Masoud Pezeshkian put into effect a law suspending co-operation with the UN nuclear watchdog, the International Atomic Energy Agency. 'Our co-operation with the IAEA will be channelled through Iran's Supreme National Security Council for obvious safety and security reasons,' Abbas Araghchi said in a post on X. Opec is also expected to agree to raise output by 411,000 barrels per day for August on Sunday, when the member countries meet virtually. This will be the fourth consecutive monthly increase after similar agreements led by Saudi Arabia and Russia for May, June and July. Janiv Shah, vice president of oil markets at Rystad Energy told The National that the Opec+ hike has been largely priced in, "as the market trades in a narrow band amid reduced risk premiums and geopolitical forces." Investors are also keeping a close eye on trade negotiations between the US and its trading partners. 'While geopolitical tensions in the Middle East have eased, broader concerns about weakening global demand and uncertainty around trade negotiations continue to weigh on sentiment,' Soojin Kim, research analyst at Japan's MUFG Bank, said. 'On the supply side, upcoming nuclear talks with Iran and newly announced sanctions on entities involved in oil trade are adding complexity.' New US sanctions on Iran oil On Thursday, the US Treasury imposed sanctions on networks that have collectively transported and purchased billions of dollars' worth of Iranian oil as the US continues to pursue its maximum pressure campaign on Tehran to curtail its oil revenue. Among the entities sanctioned were a network of companies run by Iraqi businessman Salim Ahmed Said that has 'profited from smuggling Iranian oil disguised as, or blended with, Iraqi oil,' a statement posted on the department's website said. The US treasury also imposed sanctions on several vessels engaged in the covert delivery of Iranian oil to global markets. Oil prices have remained volatile this year amid geopolitical tensions and tariffs announced by US President Donald Trump. The tariffs unveiled in April had a bearish impact on oil prices because of concerns about demand and a slowdown in the global economy. Geo-political tension between Iran and Israel and ensuing 12-day war pushed prices higher on supply disruption concerns, especially for crude transported through the Strait of Hormuz in the Arabian Gulf. Fading geopolitical premium Brent and WTI surged as much as 13 per cent after the conflict broke out between Iran and Israel on June 13. However, they fell in subsequent days as geopolitical premium faded and markets focused on fundamentals. Iran is an important oil producing nation and is the third-biggest producer of oil among the Opec group. It producers about 3.3 million barrels a day. 'The Israel-Iran war sparked a sharp spike in geopolitical premiums for oil prices but as it became clear that there was no change to supply or shipments from the region and both parties observe a ceasefire, oil markets have quickly refocused their attention to fundamentals,' Edward Bell, acting group head of research and chief economist at Emirates NBD, said. 'At $66 per barrel as of the start of July, prices for Brent futures are now lower than they were ahead of the first attack on June 12.' China demand concerns Demand concerns in China, the world's second largest economy, are also weighing on oil prices. Apparent demand has been running nearly 3 per cent lower year on year for the first five months of 2025, despite economic momentum stabilising in the country, Mr Bell added. The International Energy Agency last month said oil demand will grow by just 720,000 barrels per day in 2025, slower than in 2024, with only a marginal pickup next year.
