The Nikkei 225 Index pulled back from its record highs as crude oil prices jumped amid new hostilities between the US and Iran. It dropped to ¥62,452 on Friday, a few points below the year-to-date high of ¥63,000. Still, technicals suggest that the blue-chip index has more gains to go…
Asian stock markets eased slightly on Friday after a week of strong gains driven by chipmakers and artificial intelligence-linked stocks, while oil prices surged following renewed military exchanges between the United States and Iran.MSCI’s broadest index of Asian shares outside Japan fell 0.8%, though the regional benchmark still remained near…
The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings. This article looks at some of the top FTSE 100 and…
The South African rand continued its strong momentum today, reaching its lowest level since April 22nd as a carry trade opportunity emerged. The USD/ZAR pair dropped to 16.4, down sharply from the year-to-date high of 16.90.Carry trade opportunity strengthensThe USD/ZAR exchange rate continued its recent downward trend this week as…
They operate in different worlds — one in conservative political media, the other in Bitcoin infrastructure — but Ben Shapiro and Jack Mallers share a common thread: both have turned unconventional bets into substantial personal fortunes by building platforms that challenge how money and information flow in America.Estimates of the…
Wall Street rallied strongly on Wednesday, with the Dow Jones Industrial Average surging more than 600 points as optimism over a potential US-Iran agreement combined with robust earnings and continued enthusiasm for artificial intelligence-driven growth.The Dow rose 612 points, or 1.24%, while the S&P 500 climbed 1.46% to a record…
Arm Holdings Inc (ARM) is pushing higher in extended hours after reporting a market-beating Q4 and offering upbeat guidance for its current financial quarter.In Q4, the chip designer earned 60 cents on a per-share basis (EPS) on $1.49 billion in revenue – both handily above 58 cents and $1.47 billion…
Asian markets opened Thursday with a powerful relief bid, as investors leaned into hopes that tensions in the Middle East may ease enough to keep the Strait of Hormuz open.Japan set the tone, with the Nikkei 225 vaulting through 62,000 for the first time, while broader regional equities also pushed…
Japanese markets reopened after the Golden Week holidays to a powerful AI-driven rally on Thursday, with SoftBank stock soaring as investors rushed to catch up with gains already seen across global technology stocks.Shares in the Japanese investment group jumped 16.4% on Thursday, according to market commentary, after a long holiday…
Japanese stocks went parabolic on Thursday, helped by the soaring Softbank stock price and the rising possibility of a deal between the United States and Iran. The Nikkei 225 Index jumped to ¥62,836, bringing the year-to-date gains to 16.67%.Why Japan stocks are pumping today The Nikkei 225 Index and Topix are…