A wave of optimism swept across most Asian financial markets at Tuesday’s open, with equities largely drifting higher, spearheaded by gains in China following anticipated rate cuts by Beijing. Investor sentiment was also buoyed by expectations of a potential rate cut by the Reserve Bank of Australia, contributing to a…
As Bitcoin strengthens above $100,000, data indicates robust interest from institutional players. Bitget CEO Gracy Chen took it to X to reveal that spot Bitcoin exchange-traded funds (ETFs) have surpassed the $40 billion milestone in cumulative inflows.The largest crypto by value displays a strong performance, and savvy investors are looking…
Shares of Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest battery maker, surged over 18% in their trading debut on the Hong Kong stock exchange on Tuesday, showing strong investor confidence in the company’s global growth prospects amid a booming electric vehicle (EV) market.CATL shares were last trading at…
A growing chorus of Wall Street strategists is forecasting a banner year for European stocks, predicting they could achieve their most significant outperformance relative to their US counterparts in at least two decades. This optimistic outlook is largely fueled by an improving economic landscape in Europe and a recalibration of…
European stock markets commenced Tuesday’s trading session with a cautiously optimistic tone, as major indices posted modest gains. This positive sentiment was primarily fueled by an anticipated rate cut from China, aimed at bolstering its economy, and tentative hopes surrounding potential peace talks to resolve the long-standing conflict in Ukraine.Approximately…
Vodafone share price rose in London on Tuesday after the company published encouraging results and launched its buyback program. VOD stock soared to a high of 72.5p, up by 15% from its lowest point this year.Vodafone share price rises after share buyback launchVodafone’s share price jumped after the company released…
Rolls-Royce share price surged to a record high this week as the momentum that started in 2020 gained steam. It jumped to a high of 820p on Tuesday, bringing the year-to-date gains to 45%. It has soared by 2,287% from its lowest level in 2020, making it one of the…
Greggs has reported stronger trading in recent months, buoyed by viral popularity of its new Mac and Cheese product and the rollout of an expanded menu across hundreds of outlets. The UK’s largest bakery chain said like-for-like sales rose 2.9% in the first 20 weeks of 2025, with momentum improving…
Williams-Sonoma stock price will be in the spotlight this week as the blue-chip American retailer publishes its financial results, which will shed light on the impact of tariffs on its business. WSM was trading at $174.30, its highest point since March 12 and 35% above its lowest point this month.Williams-Sonoma…
US stocks took a short breather on Monday after Moody’s downgraded the US sovereign credit rating from Aaa – the highest possible – to Aa1.Debt downgrades often weigh on bond prices, thereby pushing the related yields up significantly, which is exactly what the credit rating agency’s announcement did on Monday.For…