outlined a future scenario in which AI\u2019s dominance<\/a> caused the \u201chuman-centric consumer economy,\u201d to wither away with dire consequences for employment, was the latest hit to confidence for companies that might be displaced by fast expanding use of the technology.<\/p>\n\u201cPolicy response has always lagged economic reality, but lack of a comprehensive plan is now threatening to accelerate a deflationary spiral,\u201d the report says.<\/p>\n
A profit report from Nvidia is due on Wednesday. Worries are rising that companies like Alphabet and Amazon may be spending so much on Nvidia\u2019s chips that they\u2019ll never be able to recoup their investments through higher productivity and future profits.<\/p>\n
In other equities trading, Home Depot gained 3.4 per cent after it topped Wall Street\u2019s fourth-quarter projections despite ongoing caution from American consumers amid a housing slump.<\/p>\n
In Europe at midday, Germany\u2019s DAX edged 0.1 per cent lower, the CAC 40 in Paris ticked up 0.1 per cent. Britain\u2019s FTSE 100 was unchanged.<\/p>\n
In Asian trading, Tokyo\u2019s Nikkei 225 index surged 0.9 per cent to 57,321.09. Chip testing equipment maker Advantest rose 4.5 per cent, while machinery maker Disco Corp. added 2.1 per cent.<\/p>\n
Markets in mainland China advanced as they reopened following a weeklong holiday, but Hong Kong\u2019s Hang Seng fell as traders locked in profits from recent gains, slipping 1.8 per cent to 26,590.32.<\/p>\n
The Shanghai Composite index rose 0.9 per cent to 4,117.41.<\/p>\n
In South Korea, the Kospi picked up 2.1 per cent to 5,969.64, setting fresh records on gains for memory chipmaker Samsung Electronics, which jumped 3.6 per cent. SK Hynix, another chipmaker, closed 5.7 per cent higher.<\/p>\n
In Australia, the S&P\/ASX 200 edged less than 0.1 per cent lower, ending at 9,022.30, while Taiwan\u2019s Taiex gained 2.8 per cent.<\/p>\n
India\u2019s Sensex fell 1.3 per cent.<\/p>\n
Tuesday will bring President Donald Trump\u2019s State of the Union address, where investors hope the president will clarify U.S. tariff policy going forward after the Supreme Court struck down his sweeping import taxes last week.<\/p>\n
In energy trading early Tuesday, U.S. benchmark crude oil gained 11 cents to $66.42 per barrel. Brent crude, the international standard, was up 7 cents at $71.18 per barrel.<\/p>\n
Crude prices have been gaining on worries that President Donald Trump might take military action against Iran.<\/p>\n
The U.S. dollar rose to 155.86 Japanese yen from 154.66 yen. The euro fell to $1.1777 from $1.1786.<\/p>\n
The price of bitcoin fell 4.3 per cent to $63,180.<\/p>\n
The Associated Press and Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"\u200bCanada\u2019s \u200cmain stock index \u2060opened lower \u200bon Tuesday, dragged down \u200bby \u200cmining shares as \u200cgold \u200bprices retreated \u200con…\n","protected":false},"author":2,"featured_media":496545,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,4498,49,48,3237,3240,16664,1412,3241,14503,176,61,3238,6495],"class_list":["post-496544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-banks","tag-ca","tag-canada","tag-dow-jones","tag-equities","tag-marketupdate","tag-newsletter","tag-oil","tag-sp","tag-stocks","tag-technology","tag-tsx","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/496544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=496544"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/496544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/496545"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=496544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=496544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=496544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}