Brazil’s Eletrobras (ELET3; ELET6) shares rose on Thursday (August 7), even though the business recorded a significant loss for the second quarter and declared a multibillion-real dividend.According to local media outlet E-Investidor, at 11:10 a.m. Brasília time, common shares (ELET3) were up 7%, while class B preferred shares (ELET6) increased…
The US is bracing for a major spike in tariff revenue, with Commerce Secretary Howard Lutnick estimating monthly collections could hit $50 billion.That’s a big jump from last month’s $30 billion haul, driven by a sweeping set of new import duties introduced by the Trump administration.The tariffs raise the average…
Goldman Sachs analyst Asad Haider says investors are overreacting to the late-stage data Eli Lilly & Co (NYSE: LLY) reported for its experimental oral obesity pill, orforglipron, on Thursday.Lilly reported blockbuster results for the second quarter and raised its full-year guidance on August 7th.Still, the healthcare stock tumbled after management…
Asian stock markets rose on Friday, with a powerful rally in Japanese shares leading the way, as investors reacted positively to signs of easing trade tensions between Japan and the United States. While technology stocks also gained on strong earnings, a more cautious mood prevailed elsewhere, with Indian benchmarks like…
India’s domestic institutional investors stepped in with their largest purchase of local stocks in four months on Thursday, providing a crucial cushion to a market that was reeling from President Donald Trump’s recent escalation of tariffs. This powerful show of domestic support helped to offset foreign outflows and stabilize the…
European stock markets began Friday’s session with a mixed and somewhat hesitant performance, as a sharp drop in shares of German reinsurer Munich Re tempered a broader, albeit marginal, move higher. Investors are also closely watching the evolving debate around the Bank of England’s future interest rate path, with analysts…
Higher prices dampened physical gold demand in major Asian centres this week, while also prompting some investors to sell off their holdings.“Buyers aren’t keen on picking up gold at these prices. In fact, some investors are offloading the coins and bars they grabbed when prices were lower,” Ashok Jain, proprietor…
Novo Nordisk shares rose over 5% in morning trade on Friday, ranking among the top gainers on the STOXX index, after investors reacted to trial results from Eli Lilly’s oral obesity drug candidate, orforglipron. The advance followed a 7% rally on Thursday, driven by data showing that Lilly’s pill resulted…
Global food commodity prices reached a two-year high in July, primarily due to increased international prices for meat and vegetable oils, as reported by the United Nations’ Food and Agriculture Organization on Friday.In July 2025, the FAO Food Price Index, a key global indicator for food commodity prices, rose to…
Asian stock markets rose on Friday, with a powerful rally in Japanese shares leading the way, as investors reacted positively to signs of easing trade tensions between Japan and the United States. While technology stocks also gained on strong earnings, a more cautious mood prevailed elsewhere, with Indian benchmarks like…