Dip buying resumes after last week's tariff worry
|Indices are clawing back losses after Friday's excitement, with a Broadcom/OpenAI deal providing a basis for optimism, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
Dip buyers go shopping as trade war fears ease
Both the US and China spent the weekend walking back from the brink of another trade war, with US policymakers doing most of the talking and helping to undo the damage done on Friday. Not all the losses have been recovered as yet, since sentiment will take a little time to recover after Friday’s shock, but at present it looks like Trade War 2.0 is off the cards for now.
Broadcom joins the OpenAI family
Broadcom has been talked about as a worthy member of the club of tech mega caps, and today’s deal with OpenAI cements its position as one of the real movers in the sector. The news comes at just the right time after the knock to sentiment on Friday, reminding investors that the race for computing power is still on, and if anything is intensifying.
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