we start in the us, where the british tech tycoon mike lynch has been cleared of fraud charges in a san francisco court. once hailed as a uk bill gates, mr lynch was facing fraud charges over the $11 billion sale of his software firm, autonomy, to hewlett packard back in 2011. mr lynch had been accused of inflating the value of his firm ahead of the sale a jury has found him not guilty on all counts. our north america business correspondent erin delmore has the details. when autonomy was sold to hewlett packard 13 years ago for $11.1 billion, it was one of the top 100 public companies in the uk. the sale marked the la rgest ever takeover of a british technology business. but hewlett packard later wrote down the company s value by more than $8 billion, leading to criminal charges that mike lynch had defrauded hewlett packard by inflating the value of autonomy. the businessman was extradited from britain to the united states to stand trial on the charges, which could have put
Gold prices rose on hopes of a Fed rate cut and political uncertainty; some analysts have become more optimistic about the outlook for gold mining stocks.
thatis still rate cuts on the horizon, that is pushing up the risk taking side of things. the risk-taking side of things. the ecb and canada risk taking side of things. the ecb and canada turning the tide on rate cuts, this mantra of keeping them higherfor on rate cuts, this mantra of keeping them higher for longer may be waning, do you think, and that may be playing on the mind of the fed. pare and that may be playing on the mind of the fed. mind of the fed. are not necessarily. mind of the fed. are not necessarily. if mind of the fed. are not necessarily. if anything l mind of the fed. are not. necessarily. if anything they were probably more dependent on what the fed is doing then the fed is trying to take from other central banks. if anything, they needed to proceed given that they were navigating their economy, their economies were navigating different terms which is why they forgot to get ahead in terms of rate cuts but i don t think that will have a play or a stake in what
rates. they meet next week and are widely expected to keep the cost of borrowing on hold. currently sitting at a 23 year high of 5.25% to 5.5%. but it s all about when and by how much that may change. for more i m joined by quasar elizundia, research strategist at brokers pepperstone. i wanted to start by getting your take on what you think might happen a little later on with payroll forecasts.- with payroll forecasts. thank ou for with payroll forecasts. thank you for having with payroll forecasts. thank you for having me with payroll forecasts. thank you for having me on. - with payroll forecasts. thank you for having me on. my . you for having me on. my expectations are in line with what the market expects, which is we will get to have another friend that is not too hot but not too weak. more likely than not too weak. more likely than not we will get one for the jobs creation around the month of may, 185,000 jobs. this jobs creation around the month of may, 185,000 jobs. of