Klaas Knot hints at ECB rate cut in June and calls for capital markets union
Klaas Knot, President of De Nederlandsche Bank, anticipates a June ECB rate cut and has advocated for deeper financial integration through the capital markets union…
‘Meme Rally’ sparks 70% share price leap for GameStop on Roaring Kitty’s single X post
US video game shop GameStop's share price more than doubled as the result of a a 'meme rally'. But what is it and how can…
Eye on the Markets: Eurozone GDP and US CPI in the Spotlight
This week, investors await the eurozone's flash Q1 GDP and final April CPI figures, alongside crucial US April inflation data, pivotal for central banks' interest…
A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
Breadcrumb Trail LinksPMN BusinessUS small-cap stocks are as cheap as they’ve been in decades, but with a more than half-trillion dollar mountain of debt looming…
Weekly markets round-up: Optimism high on interest rate cut hopes
Major European indices have notched up all-time highs, with the FTSE 100 reaching a fresh record following signals from the Bank of England (BoE) indicating…
Munich Re stock rises as company cheers investors with latest earnings
A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results. ADVERTISEMENTShares in German reinsurance giant Munich Re…
Live updates: ASX set for modest start after ‘underwhelming’ session on Wall Street, European markets hit record highs
Good morning and welcome to Wednesday, May 8 — you're on the ABC's business and markets blog, and it's great to have your company. Let's kick…
Weekly market recap: Mixed trends amid macro signals and earnings season
Global markets this week have shown a mixed trend as investors delved into a diverse array of macroeconomic developments and company quarterly earnings. ADVERTISEMENTEuropean stocks…
Balancing Act: Navigating South Asia’s Path to Sustainable and Secure Petroleum Markets
With a population exceeding 1.9 billion, India, Pakistan, and Bangladesh heavily depend on oil imports for their energy needs. The region’s petroleum market is complex,…
Why is Japan’s yen so weak against the US dollar? | Financial Markets
The weakness of the Japanese yen is in the spotlight again after its latest tumble in value. On Monday, the currency sank to 160.17 against…
Markets this week: Focus will be on Eurozone CPI and Fed Rate Decision
This week, the financial market will centre on the Eurozone's flash CPI data for insights into the ECB's rate path, while attention will also be…
Markets rebound: Easing geopolitical tension and strong earnings bring recovery
European stock markets have bounced back after a three-week losing streak, bolstered by eased geopolitical tensions and robust corporate earnings. Meanwhile, Wall Street is also…
Tesla’s stock surges on optimism for Musk’s affordable car line-up
Tesla's shares surged by more than 10% despite a miss on the first-quarter earnings estimates as CEO Elon Musk signalled that the cheaper version of…
Dollar’s Extended Reign Delivers Stark Wake-Up Call for Markets
Breadcrumb Trail LinksPMN BusinessThe world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set…
Asian Traders Await Key Data; US Futures Climb: Markets Wrap
Breadcrumb Trail LinksPMN BusinessAsian markets were set for a muted open Monday as focus shifts to a slew of company earnings and economic data this…
Markets round-up: Escalating Middle East tensions deepen weekly slump
Global markets are poised for a third consecutive weekly decline as tensions rise in the Middle East. Investors are flocking to safe-haven assets, especially gold…
Markets spooked as gold and oil prices rise following Israel attack on Iran
Oil prices rose on Friday morning with both Brent and US crude trading higher after Israel carried out a military attack on Iran. ADVERTISEMENTBoth oil…
LVMH stock falls as consumers rein in spending on luxury goods
LVMH shares fell at market close on Tuesday after the company failed to cheer investors with its latest financial results. ADVERTISEMENTThe world’s largest luxury group, which…
European markets slump as investors weigh Middle East developments
European markets were all in the red on Tuesday afternoon as traders continued to monitor developments in the Middle East - and digest fresh economic…
Markets lookahead: risk-aversion expected to take centre stage
Geopolitical tensions and central banks’ rhetoric on monetary policy will remain the focus of market participants, also Netflix is scheduled to release its Q1 earnings…