OPEC+ oil giants extend oil output cuts amid economic uncertainty
Russia is among the countries announcing cut extension, announcing an additional voluntary reduction of 471,000 barrels per day for the second quarter. ADVERTISEMENTSome members of…
Japan’s benchmark Nikkei index passes 40,000 for first time in history | Financial Markets
Nikkei 225 gains 1 percent to set a new high after last month beating 1989 record. Japan’s benchmark stock market index has smashed the 40,000…
Asia Stocks Eye Early Gains Into China Policy Week: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian stocks are poised for early gains Monday, tracking US shares higher into a week that includes Federal Reserve boss Jerome Powell’s…
Puma stock slides as German sports brand announces €100m share buyback
The buyback programme will launch in March and last for a year, ending in May 2025. ADVERTISEMENTShares in Puma traded down 0.83% on Thursday afternoon…
Stocks mixed as Bitcoin jumps over $60,000 for first time since 2021
World shares were mixed on Thursday after a lacklustre day on Wall Street, where selling of technology stocks pulled benchmarks lower - and as Bitcoin…
Record high European stocks: A time for confidence or caution?
European stocks have soared to record highs, sparking investor debates on whether to seize the momentum or secure gains amid economic uncertainties. ADVERTISEMENTEuropean stocks are…
Iran refuses to recognise national currency’s fall in free markets
The Iranian rial has plunged rapidly against the dollar ever since the Israel-Hamas war led to increased worries of a direct US-Iran confrontation. ADVERTISEMENTIran’s national…
Macron doesn’t rule out sending Western troops to Ukraine – POLITICO
"It is a recognition of the challenge Ukraine faces, and that there is a bit more give, it's a credit to the French. They've had…
Live updates: Bitcoin surges as Wall Street and ASX futures edge lower
ASX 200 futures: -0.03% to 7,607 points Australian dollar: -0.35% at 65.3 US cents S&P 500: -0.26% to 5075.5 points Nasdaq: -0.04% to 15,990 points…
Ukraine vows more self-reliance as war enters third year – POLITICO
Ukrainians have questions On the anniversary of Putin's aggression, however, uncertainty and irritation were undisguised in Kyiv. Ukrainians wanted to know why Western sanctions on…
European markets climb as tech stocks take Wall Street to record high
Euronews Business rounds-up the week's market action as investors digest the week's earnings and economic data. ADVERTISEMENTAt the time of writing, the FTSE 100, France's…
Stocks, Futures Pause After Record-Busting Rally: Markets Wrap
Breadcrumb Trail LinksPMN BusinessStocks are ending the week on a calmer note as investors assess the outlook for equities after markets from the US to…
Nvidia shatters expectations: Revenue up 265% as AI demand continues
Nvidia's earnings report exceeded forecasts, with a 22% quarterly and 265% yearly revenue spike to $22.1 billion (€20.46 billion) on the heels of AI-driven growth,…
Amazon joins the Dow, the ‘elite’ club of the US stock market’s biggest companies
The e-commerce giant will replace drugstore operator Walgreens Boots Alliance on the Dow, before the opening of trading on Monday. ADVERTISEMENTAmazon is joining the likes…
European natural gas prices plummet: Is the energy crisis finally over?
The Dutch TTF benchmark for European gas prices has seen a significant drop in February 2024, falling below €25/megawatt-hour (MWh), reaching levels last seen during…
Markets’ week ahead: European shares downbeat over French predictions
The French government's predictions for lower economic growth in 2024 put an early dampener on the mood of the markets. ADVERTISEMENTEuropean shares were fairly downbeat…
China to Rally on Reopen; Other Stocks Seen Mixed: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian shares are set for a mixed start after Wall Street slumped on Friday amid signs US inflation is stickier than expected.…
Traders Scour Fuel Markets for Profits as Crude Prices Drift Sideways
Breadcrumb Trail LinksPMN BusinessTrading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in…
Lagarde’s Trump Warning Paves Way for EU Capital Markets Drive
Breadcrumb Trail LinksPMN BusinessEngulfed in a prolonged economic slowdown and facing the prospect of Donald Trump returning to the White House, the European Union is…
Lyft shares rocket 62% over a typo in the company’s earnings release
Lyft shares jumped 62% after the closing bell on Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to…