The project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts.
The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.
Insider Brief PRESS RELEASE — Pure Data Centres Group (Pure DC), one of the fastest-growing hyperscale cloud and AI infrastructure platforms across Europe and the Middle East, has announced it has secured $2.7billion in financing, underscoring strong confidence from leading global financial institutions in the company’s leadership, differentiated strategy, premier customer base and accelerating growth trajectory. The […]
The post Forex Today: Markets shrug off escalating tensions in Middle East appeared on BitcoinEthereumNews.com.
Here is what you need to know on Monday, June 1: Major currency pairs struggle to pull away from the previous week’s closing levels as investors largley brush off news pointing to a fresh escalation of tensions in the Middle East. In the second half of the day, the US economic calendar will feature the Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for May. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.04% -0.13% 0.14% 0.05% 0.04% 0.32% 0.24% EUR -0.04% -0.16% 0.07% 0.01% 0.04% 0.29% 0.17% GBP 0.13% 0.16% 0.26% 0.19% 0.13% 0.43% 0.32% JPY -0.14% -0.07% -0.26% -0.06% -0.08% 0.21% 0.08% CAD -0.05% -0.01% -0.19% 0.06% -0.02% 0.26% 0.16% AUD -0.04% -0.04% -0.13%
The post Silver Price Forecast: XAG/USD rises to near $75.70 on US-Iran deal hopes appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon. In the late Asian trade, US President Donald Trump said through a post on Truth Social that Iran wants a deal badly, while warning that the option of military action remains on the table. Over the weekend, US President Trump said in an interview with Fox Business that the terms of the deal with Iran have been revised, adding that destroying Tehran’s nuclear dust and the reopening of the Strait of Hormuz remain key demands. Meanwhile, the oil price has rebounded, following the exchange of attacks between Israel and Lebanon. The Silver and oil prices have carried a negative relationship since the onset of the war, as elevated energy prices have prompted inflat
Tesla's resolution with Syrah Resources underscores the strategic importance of diversifying graphite supply chains away from China.
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The post NZD/USD Price Forecast: Kiwi corrects lower and tests support at 0.5965 appeared on BitcoinEthereumNews.com.
The New Zealand Dollar (NZD) holds marginal losses against the US Dollar (USD) on Monday, retreating to session lows of 0.5965 from highs a few pips below 0.6000. Manufacturing data from China has been supportive, although the skirmishes between the US and Iran are feeding a certain degree of cautiousness at the week’s opening. The US military reported a new wave of airstrikes on Iran’s military sites, and Tehran said that they targeted a US base that was used to launch attacks on the country. US President Donald Trump keeps pondering whether to sign a ceasefire extension or not, and meanwhile, the Strait of Hormuz remains closed, keeping Oil near $100 and straining New Zealand’s Oil-importing economy. Technical Analysis: On a bearish correction, amid a broader bullish trend NZD/USD trades at 0.5971, with price action suggesting that the pair might be on the fourth wave
The rebalancing highlights China's strategic sector focus, potentially increasing volatility and influencing global investment patterns.
The post China index rebalancing to trigger $48B in passive flows by June 12 appeared first on Crypto Briefing.
The post Euro: Moves with yields and energy prices against US Dollar – Danske Bank appeared on BitcoinEthereumNews.com.
Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI), labor data and the Euro area HICP as key drivers. Euro area unemployment and PMI figures are expected to confirm a still-soft but stable recovery. Labor data and oil-driven swings “EUR/USD ended the week around 1.1650 following the big drop in oil prices. US interest rates fell back last week with the 10Y Treasury yield falling to 4.43% down more than 20bp from the top in mid-May. The impact on EUR/USD FX swaps was limited as interest rates in the euro area also fell.” “In the euro area, May flash inflation data from Germany, France, Italy and Spain (around 75% of the aggregate print) showed headline inflation rising mainly o
