Asian technology stocks are primed to rally by another 15% to 20% this year, driven by surging investor optimism in artificial intelligence, according to analysts at JPMorgan Chase & Co. The firm cited rising capital expenditure in data centers and continued earnings upgrades in key semiconductor names as the primary…
The war between Israel and Iran lasted just under two weeks. Then, without warning, US President Donald Trump got on social media and said it was over. He called it a “Complete and Total Ceasefire.” The missiles stopped flying, for now.But the truth is that there’s no signed agreement. No official…
European stock markets surged at Tuesday’s open, with investors embracing a significant relief rally fueled by an announcement from US President Donald Trump of a ceasefire between Israel and Iran. Travel and leisure stocks led the charge as the apparent de-escalation of the Middle East conflict boosted risk appetite across…
Jio Financial Services shares witnessed a 3% rise on Tuesday as investors responded enthusiastically to a combination of robust quarterly results, a major acquisition, and a surge in trading volumes.At the time of publication, the Jio Financial Services shares were trading at Rs 302.05.The rally, which saw nearly 10.6 million…
Shares of Commonwealth Bank of Australia (CBA) surged to a record high on Tuesday, buoyed by news of a ceasefire between Iran and Israel announced by US President Donald Trump. The announcement sparked renewed optimism in financial markets, with investors pivoting toward safer assets like Australian equities.CBA’s share price rose…
Super Micro Computer Inc (NASDAQ: SMCI) lost more than 10% to start the week after the AI server giant announced plans to raise $2.0 billion through a convertible note offering due in 2030.However, despite initial jitters, the capital raise may not be the red flag it appears to be –…
Metal producers within the European Union are urging the bloc to implement export duties or restrictions on scrap metal shipments. This push, expected “in the next few weeks,” aims to counteract a significant rise in exports to the US, a trend attributed to the trade policies of the Trump administration, according…
Asian markets displayed strength on Tuesday as the sentiment around the Middle East conflict improved after Donald Trump’s ceasefire declaration.US President Donald Trump on Tuesday announced that a ceasefire between Israel and Iran had taken effect, urging both countries not to break the truce. This announcement came as deadly attacks were…
Government officials and company managers stated that Russia, possessing the world’s largest natural gas reserves, is seeking solutions for its gas surplus, Reuters reported on Tuesday. This comes as gas exports to Europe continue to fall, prompting Russia to consider alternative uses, such as powering data centres.Prior to the significant geopolitical…
A wave of optimism seems to be awaiting Wall Street on Tuesday as Dow Futures witnessed a healthy rally, energised by Israel’s acceptance of President Donald Trump’s ceasefire offer.Dow Jones Futures shot up an impressive 400 points, with the S&P 500 and Nasdaq following suit, gaining 58 and 275 points…