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According to the Iraqi state news agency, citing official sources, the Federal Reserve has transferred $500 million in cash to the Central Bank of Iraq.ConocoPhillips (COP.N): The potential delay in the start-up of the Qatar LNG project is not expected to have a significant impact on free cash flow.ConocoPhillips (COP.N): Capital expenditures for the Willow project are expected to decline, especially after the project is brought forward to production in early 2029.ConocoPhillips (COP.N): It is expected that if the Qatar LNG project is delayed, the delay could be in the form of months rather than a year.August 7th - According to The Information, Nvidia (NVDA.O) is considering a major measure to address the shortage of high-end, high-bandwidth memory chips. Nvidia is considering using a lower-than-planned memory configuration in its next-generation Rubin Ultra graphics processor. Sources familiar with the matter revealed that Nvidia has tested at least three versions of the Rubin Ultra graphics card in the past few weeks, some with lower memory specifications than initially announced. Part of the reason for this adjustment is that it may not be able to obtain enough high-end memory to meet the supply requirements of the original design. The reduction in memory will impact chip performance, but Nvidia can compensate for this in other ways. However, other AI companies using this chip with reduced memory to run large AI models will need to utilize more chips than originally planned.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


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