💵 Dollar under pressure: weak US employment data cut expectations for a September Fed rate hike to around 30%, down from 55% previously.
🟠 Copper shortage: LME copper inventories have declined for 42 consecutive trading sessions, the longest streak since 2014.
📱 Google bets on AI: the new Pixel 11 features the Tensor G6 processor and deeper AI integration. Google says AI performance is up 50%, while local AI processing is 3.5 times faster.
💻 Memory costs rise: Google raised smartphone prices by around $100, citing higher DRAM memory costs among the factors.
🔵 AMD raises a record $4.75bn: the company completed its largest-ever bond offering, attracting strong investor demand. AMD shares gained around 6.5% after the news, reaching $514.39.
🔎 Trade takeaway: watch USD/JPY and Asian currencies, copper and commodity-related stocks, Google and the broader tech sector, plus AMD and companies tied to AI infrastructure and semiconductors.
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