Weekly recap: Markets remain mixed as dip-buying gains momentum
Global markets presented a mixed picture after a broad rebound on Thursday, with major indices recovering from their recent lows. Investors likely sought dip-buying opportunities…
Euro surges to eight-month high as safe haven currency
The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate…
‘Carry trades’: How did they contribute to the market mayhem?
The mayhem that swept across world markets this week was partly caused by a market strategy known as the "carry trade". ADVERTISEMENTJapan's benchmark Nikkei 225…
Global markets jittery after sharp share price falls
Stock markets in Europe remained unsettled on Tuesday despite a rebound in Japan that almost reversed record falls at the start of the week. London's…
European markets set to open higher as global sell-off eases
European markets are set to open in the green on Tuesday morning as Japan's share benchmark soared nearly 11% overnight - after a massive sell-off.…
U.S. recession fears roil Asian, European stock markets
A passing pedestrian is reflected in the windows of the Australian Securities Exchange in Sydney on Monday. The bourse's ASX 200 index fell by 3.7%,…
Week ahead for markets: Sell-off raises fears of continuing slide
Risk-off sentiment may continue to shape market trends following a turbulent week. Novo Nordisk's earnings will be in the spotlight as investors gauge the growth…
Japan’s stock market plunges over US economy fears | Financial Markets
Benchmark Nikkei 225 index closes 5.81 percent lower after tumble in Wall Street shares.Japanese stocks have taken a dramatic plunge after Wall Street shares tumbled…
Nvidia records biggest daily gain in market value in history | Financial Markets
Californian-based chip maker adds $330bn to market value in a single day, blasting past previous record.Nvidia has recorded the biggest daily jump in market value…
Meta shares surge after tech giant reports $13.5bn profit | Financial Markets
CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end.Meta, the parent company of…
Oil prices rise as Middle East tensions weigh on investors
The price of US crude and Brent climbed on Wednesday as tensions in the Middle East weighed on the minds of investors. ADVERTISEMENTAt the time…
Weekly markets recap: Losses deepen as risk-off sentiment prevails
Global markets may continue a weekly decline due to the intense selloff in blue chips, particularly in technology shares. However, the European markets showed more…
China’s BYD Races Ahead With New Plants In Emerging Markets
BYD, the Chinese manufacturer of batteries and electric vehicles, is rapidly becoming the dominant force in the global EV space, despite the US and Europe…
China cuts 1-year benchmark rate to boost economy as world markets lag
China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits. ADVERTISEMENTThe move…
Big tech shares set to waver as Tesla and Alphabet disappoint markets
The two major tech earnings are pressuring Wall Street, with futures pointing to a lower opening on Wednesday. The souring sentiment may ripple through the…
Asian Stocks Pressured After Big Tech Disappoints: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian stocks were poised to open flat to lower, following an unimpressive start to the earnings reports from the “Magnificent Seven” megacap…
Biden’s decision to leave US election race: Implications for the markets
The financial markets, including currencies, shares, cryptocurrencies, and commodities, are set to react to US President Joe Biden's withdrawal from the 2024 presidential race. While…
Biden Exit Leaves Markets Asking What’s Next for ‘Trump Trade’
Breadcrumb Trail LinksPMN BusinessInvestors are set to start the week scrambling to decide if President Joe Biden’s decision to end his reelection campaign and endorse…
US stocks tumble as tech share rebound falters | Financial Markets
Fears of new trade tensions with China drive main indexes lower.Wall Street’s top indices fell as a rebound in tech shares tumbled, adding to losses…
Silicon Preponderance: Policy, Politics, and the Future of Global Semiconductor Markets
The global semiconductor market has transformed into a battlefield, which intersect technological proficiency and geopolitical maneuvering. Semiconductors, the tiny chip are source of powering the…