? U.S. stock futures are showing gains: Nasdaq is up 1.1%, S&P 500 +0.5%. Yesterday, the indices closed at historic highs amid soft inflation data. The market estimates a 96% probability of a Fed rate cut in September.
Today, the spotlight is on Cisco (CSCO) earnings. The main sensation of the day — Perplexity AI offered $34.5 billion to buy Google’s Chrome browser. Experts consider the deal unlikely, but the mere announcement has already triggered a strong reaction, and antitrust authorities might use the situation to pressure Google.
The main sensation of the day — Perplexity AI offered $34.5 billion to acquire Google’s Chrome browser. Experts consider the deal unlikely, but the mere announcement has already triggered a strong reaction, and antitrust authorities might use the situation to pressure Google.
The cryptocurrency market is also rising. Ethereum gained 8.5% and approached its all-time high ($4,683). Growing institutional interest in ETH resembles previous years’ massive Bitcoin purchases. Bitcoin is also in the green zone.
Gold continues steady, albeit gradual, strengthening. Prices reached $3,359 per ounce amid expectations of a softer Fed policy.
⚡ Overall, market participants are focused on an imminent rate cut, the tech sector and cryptocurrencies remain in focus, and Google shares are under pressure from speculative sentiment.
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