Australia CPI, China PMI, India GDP

Reuters reported on Monday that Bank of Japan Governor Kazuo Ueda said the bank would “proceed cautiously with regard to the inflation targeting framework.”

Speaking at a central bank seminar hosted by the Bank of Japan, Ueda said it was difficult to estimate Japan’s neutral interest rate because short-term interest rates had been almost zero for the past 30 years.

“The lack of significant movement in interest rates presents a major obstacle to assessing the economy’s response to interest rate changes,” he said.

— Lim Hui Jie, Reuters

With gold prices hitting all-time highs and silver prices rising to multi-year highs, Bank of America has identified four exchange-traded funds (ETFs) that offer attractive exposure to precious metals.

These funds reflect a basket of physical precious metals with varying allocations to silver, gold, palladium and platinum.

The bank’s research found that since 1945, a portfolio with 40% invested in broad-based products has outperformed a portfolio with 40% invested in U.S. Treasury bonds by 0.8% per year.

CNBC Pro subscribers can find more details here.

Ganesh Rao

Investor favorite Nvidia continued its artificial intelligence boom, reporting better-than-expected profits last week.

“The biggest question that remains is how long this runway is,” said Lucas Kaye, an analyst at research firm Third Bridge.

Wall Street remains largely bullish on Nvidia, but investors concerned about being overinvested in the company or looking to better balance their portfolios may want to consider shifting their allocation to Nvidia or supplementing it with other growth stocks that are less correlated to the chipmaker.

CNBC Pro subscribers can find more details here.

Wei-Jen Tan

Chipmaker Nvidia is up 15% this week, with the company’s shares soaring after a better-than-expected quarterly profit report on Wednesday that showed demand for its artificial intelligence chips remained strong.

Following the earnings report this week, the stock price surpassed $1,000 for the first time.

Ross Mayfield, investment strategy analyst at Baird, said the signs of expansion come even as big technology companies are driving the market and dominating the headlines.

“Last year there was a lot of fear around concentration in big tech stocks, but in recent months the market has expanded significantly,” Mayfield said.

“While concentrated markets have not historically produced poor returns, a wider range in the number of individual stocks or sectors doing well (more legs on the stool, so to speak) is usually a sign of a healthier economy,” he wrote.

— Kim Hagyeong

The U.S. Securities and Exchange Commission approved changes that pave the way for exchange-traded funds that can hold the cryptocurrency Ether. The changes come less than six months after the SEC approved a Bitcoin ETF. Ether prices initially rose on the news but were last down 2% to $3,702.11.