The European Commission on Tuesday is expected to propose a ban on Russian gas and liquefied natural gas (LNG) imports into the EU by the end of 2027. This measure will employ legal mechanisms to prevent EU members Hungary and Slovakia from blocking the plan, according to a Reuters report.According to…
European markets opened sharply lower on Tuesday as the escalating conflict between Iran and Israel entered its fifth day, prompting a flight to safety among investors.The pan-European Stoxx 600 dropped 0.8%, touching its lowest level in over three weeks after gaining 0.4% on Monday. Germany’s DAX led regional losses, falling…
The Israel-Iran conflict kept tensions high in the Middle East, and its impact on the stock market is becoming more visible now as Indian defence stocks rallied on Tuesday. The fresh rally in defence stocks came as the tensions between the two countries entered the fifth day on Tuesday. Earlier, US…
Maritime traffic through the Strait of Hormuz is facing new disruption as shipowners reassess security risks in the wake of rising hostilities between Israel and Iran, as per a CNBC report.Following Israel’s strike on Iranian military and nuclear sites on Friday, heightened regional tensions have triggered four days of escalation,…
Broadcom Inc (NASDAQ: AVGO) remains in focus this morning following reports that an insider offloaded significant amounts of the semiconductor stock on June 1.According to a recent securities filing, Charlie Kawwas, president of semiconductor solutions at Broadcom, sold $2.5 million worth of AVGO shares last week.At the time of writing,…
Asian markets traded mixed on Tuesday as the geopolitical uncertainties around the Israel-Iran war deepened with the events around the Group of Seven summit. While the rating agencies maintained that the escalation remained contained, the investors looked unclear about the prospects. The heat around the Israel-Iran war increased as US President Donald…
The XRP Ledger has seen a remarkable uptick in user engagement and institutional interest over the past week, with daily active addresses surging over 7x over the last four months and whale wallets hitting an all-time high.This sharp growth in usage coincides with volatile trading activity and notable developments involving…
Dow futures reflected the rising uncertainties on Tuesday with a 250-point plunge as investors grew anxious around the persisting Israel-Iran conflict. S&P 500 and Nasdaq futures also traded lower, underscoring a broad risk-off sentiment across global markets. The drop in the futures indicates that Wall Street might shed some gains on Tuesday…
A reverse merger between Tron and SRM Entertainment has triggered fresh speculation around the Trump family’s influence in crypto, after Eric Trump denied public involvement in the blockchain’s plans to go public on the Nasdaq. Tron founder Justin Sun is behind the $210 million listing attempt, facilitated by Dominari Securities,…
The global raw sugar market experienced a notable downturn on Monday, with prices plummeting to a four-year low. The commodity was trading just below 16 US cents per pound, a significant drop that has raised concerns among producers and traders alike. This sharp decline can be attributed to a confluence of factors,…