Forex
Dollar Dives as US Retail Sales Decline
US retail sales have unexpectedly declined month-on-month, leading to a decrease in consumer confidence. This has resulted in a bearish outlook for the US dollar and a bullish one for gold.
The US consumer confidence index has fallen for the first time in three months, which is a negative sign for the economy. According to SEC filings, SoftBank Group has reduced its stake in TSMC by 71.5% to 565,000 depositary receipts, which is bad news for wafer foundry and semiconductor equipment companies.
Nvidia's stock holdings have been revealed, making it the sixth-largest shareholder of SpaceX, which is a positive development for Nvidia.