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On June 2nd, Alphabet (GOOG.O), Googles parent company, announced it is raising $80 billion through equity offerings, including an investment agreement with Berkshire Hathaway, to fund its ambitious artificial intelligence spending plans. Alphabet disclosed in its announcement that the financing includes a $30 billion underwritten public offering and a $40 billion "at-market" (ATM) transaction. As part of this financing plan, Berkshire Hathaway will subscribe for $10 billion worth of shares through a private placement, while Alphabet will issue $5 billion worth of Class A common stock to Berkshire at $351.81 per share and an additional $5 billion worth of Class C common stock at $348.20 per share. The company stated, "AI demand has exceeded the companys existing supply capacity. By expanding the scale of this investment, the company aims to scale its infrastructure to powerfully support future massive growth opportunities."Alphabet (GOOG.O): AI demand has exceeded the companys current supply capacity. The company is facing strong demand for artificial intelligence solutions from both enterprises and consumers.Rosneft, the Russian oil company, reported first-quarter revenue of 2.032 trillion rubles, a 4.3% increase from the previous quarter. Net profit for the first quarter of 2026 is projected to increase sevenfold compared to the fourth quarter of 2025, reaching 115 billion rubles.Rosneft, a Russian oil company, reported that its first-quarter oil and gas condensate production was 3.74 million barrels per day, down 0.4% from the previous quarter.The EU is prepared to give member states budgetary flexibility to alleviate energy cost pressures.

AUDJPY continues to struggle around 94.00 despite solid Aussie jobs data

Daniel Rogers

Nov 17, 2022 11:45

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The AUDJPY pair has stayed firm around 94.00 despite the release of bullish Australian employment data. Compared to the projected 15k and the preceding release of 0.9k, the Australian Bureau of Statistics announces that the economy has added 32,200 new jobs to the payroll market. In addition, the unemployment rate has decreased from 3.6% to 3.5% to 3.4%.

 

Australian employment numbers that surpass expectations will impress the Reserve Bank of Australia (RBA). This will allow RBA Governor Philip Lowe to continue steadily hiking rates. In light of this week's release of the RBA's minutes, the central bank will maintain a rate hike structure of 25 basis points (bps) because policymakers believe the Official Cash Rate (OCR) has already been hiked in a short amount of time.

 

Nevertheless, the inflation rate has not yet reached its high, as a historic increase in price growth observed in the third quarter indicates. The Australian inflation rate increased to 7.3%, exceeding the consensus expectation of 7.0%. This prompted the RBA to hike its projected interest rate to 8%. In addition to producing increasing price pressures, a limited market is responsible for the robust purchasing power of households.

 

As Russia-Poland tensions have largely calmed and no further developments are anticipated, the risk profile is expected to diminish.

 

On the Tokyo front, an unexpected decline in Gross Domestic Product is haunting investors. In contrast to expectations of a 0.3% increase, Japan's gross domestic product decreased 0.3% in the third quarter. We were surprised by the q/q decline in the third quarter because we underestimated the impact of higher inflation, the summer wave of COVID-19 infections, and a significant weakening of the yen, which exacerbated the nation's already soaring import costs.

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