Oil prices rise as tight supply outlook offsets slowing demand (2 min read)

Oil prices continued to climb on expectations of a supply deficit due to Saudi Arabia and Russia's extended output cuts and declining US shale production. The oil production in Q4 is estimated to be reduced by 2 million barrels per day, raising concerns about future price spikes. The price of oil has risen for three consecutive weeks and could surpass $100 per barrel despite weaker demand from China and global central banks’ potential further rate hikes.

China Equity Benchmark Hits 2023 Low as Foreigners Sell (3 min read)

The Chinese equity markets continued to face losses at the start of this week due to ongoing concerns about the property sector, despite signs of stabilization in other parts of the economy. The CSI 300 Index, a major broad-based benchmark in China, fell to a new yearly low as foreign investors have been redeeming assets back to back for six weeks. However, some local investors are cautiously optimistic that the bearishness may have peaked.

These 7 US Stocks Are Outperforming Nvidia In 2023 (4 min read)

While Nvidia has performed exceptionally well this year, rising over 200%, there are other stocks that have significantly outpaced it. The better-performing stocks so far this year include Carvana, MoonLake Immunotherapeutics, IonQ, AppLovin, Riot Platforms, ImmunoGen, and Arlo Technologies. Although some of them gained several times more than Nvidia, they’re considered highly speculative. More on each stock is available in the article.

Morgan Stanley kicks off AI era on Wall Street with assistant for financial advisors (3 min read)

Morgan Stanley has introduced its AI Morgan Stanley Assistant, powered by OpenAI's GPT-4, for financial advisors and support staff. This generative AI tool offers quick access to the bank's research database, streamlining responses to queries about markets, recommendations, and internal processes, freeing up advisors to engage more with clients. The bank's move reflects the growing importance of AI in financial services and kicked off a new era on Wall Street.

Best ETFs for Beginners: The Complete Guide (8 min read)

For investors looking to invest in ETFs or create a portfolio with them, this article will help you get started. It covers the different types of ETFs and how to pick the best ones for your investment objective. It also highlighted the top 10 ETFs that beginners often use as the foundation of their portfolio when they are new to investing.

Brazilian Crypto Firm Files for Combined Spot, Futures Ether ETF (2 min read)

Brazilian investment firm Hashdex is planning to launch an ether ETF in collaboration with Nasdaq. This ETF, named the Hashdex Nasdaq Ethereum ETF, will invest in both ether futures contracts and spot ether, reducing its reliance on only the spot exchanges. While many other firms have applied for ether ETFs in the US, Hashdex’s unique fund structure is the first to be proposed.

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