Today: 17. May, 2024
In the midst of geopolitical turbulence and economic transitions, the interplay between China and Russia has come to the fore. With Western sanctions imposed on Russia following its Ukraine incursion, the duo has embarked on a burgeoning economic alliance that could wield…
The S&P 500 edged up by 0.1%, narrowing the gap to its all-time high reached in March by just 0.5%. Similarly, the Dow Jones Industrial Average saw a modest 0.1% increase, while the Nasdaq composite climbed 0.3%. The recent market optimism stems…
In the whirlwind of speculation surrounding U.S. tech stocks, one question looms large: when the hype subsides, which among the Magnificent Seven will emerge as the strongest contender? This inquiry, posed by Redditor Physioweng, ignited a fervent discussion on Reddit, with Microsoft…
Projections from leading international bodies such as the OECD, IMF, and World Trade Organization paint a promising picture for global trade in 2024, forecasting a significant rebound after a sluggish year. Factors like surging prices, higher interest rates, and subdued demand slowed…
As Europe contends with stagnant growth and a decline in living standards, a wave of far-right nationalism is sweeping the continent, posing a threat to the already fragile economic situation. Populist leaders, leading in polls in several countries including Italy, the Netherlands,…
In the heart of the financial district, Wall Street found itself in a state of anticipation today as investors anxiously awaited news from the Federal Reserve regarding the trajectory of interest rates. The day started with a sense of uncertainty, with U.S.…
As the new week kicks off, Wall Street finds itself in a state of cautious optimism, with U.S. stocks drifting higher in anticipation of a flurry of earnings reports and a pivotal Federal Reserve meeting. The S&P 500 edged up 0.3% on…
Amidst tentative signs of a global economic rebound, the International Monetary Fund (IMF) issues a cautionary note, suggesting we may be entering what they term ‘the tepid Twenties’. Recent remarks from Christine Lagarde, President of the European Central Bank (ECB), exuded a…
Asian stock markets mirrored the positive sentiment seen on Wall Street, as investors anticipated a flurry of earnings reports amidst ongoing concerns about inflation and interest rates. Market Overview Japanese equities edged higher despite the country’s manufacturing activity contracting for the 11th…
Global markets faced a tumultuous day of trading on Friday as Asian stocks plummeted, spurred by escalating tensions in the Middle East and concerns over rising bond yields. Japan’s Nikkei index led the decline, dropping a staggering 3.5% due to heavy selling…
