Top 3 US steel stocks that will benefit from Trump 2.0
Goldman Sachs analyst Mike Harris expects the US steel industry to flourish under Donald Trump as the President of the United States. Lower interest rates and steady demand will…
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Nikkei, KOSPI, ASX rally as tech surge propels Asian markets after Wall Street record highs
Asian stock markets rebounded sharply on Tuesday, led by gains in the tech sector after Wall Street hit record highs overnight. However, currency markets remained volatile as traders assessed diverging…
CNY/USD: Yuan drops to one-year low as weak growth and US tariff concerns weigh
The yuan tumbled to its weakest level since November 2023, with both onshore and offshore trading seeing declines. This comes despite China’s central bank, the People’s Bank of China (PBOC),…
Sensex and Nifty rise, tracking Asian market cues; metal and financial stocks rally while cigarette stocks decline
Indian benchmark indices extended their winning streak on Tuesday, with the BSE Sensex climbing 450 points (0.56%) to 80,699.04 and the Nifty50 gaining 126 points (0.52%) to trade at 24,402.…
European shares rise on tech and resources; France’s politics weigh, DAX 40 outshines
European equity markets saw a modest rise on Tuesday, with the pan-European STOXX 600 climbing 0.7%, bolstered by a 1.37% gain in technology stocks and a 1.25% rise in the…
China’s November factory growth surges to 5-month high: Caixin PMI hits 51.5
China’s manufacturing sector recorded its strongest growth in five months in November, offering fresh signs of recovery in the world’s second-largest economy. The Caixin/S&P Global Manufacturing Purchasing Manager’s Index (PMI)…
President Joe Biden pardons his son Hunter Biden: everything you need to know
In a move that has sparked significant political and public debate, President Joe Biden issued a pardon for his son, Hunter Biden, on Sunday night. The decision marks a sharp…
Asia-Pacific markets edge higher as investors eye key economic data from the region
Asia-Pacific markets traded slightly higher on Monday, kicking off a data-packed week with investors closely watching economic indicators from China, Japan, South Korea, and other regional economies. Fresh manufacturing and…
Ether could benefit more than Bitcoin under the Trump administration
Grayscale Investments’ head of research Zach Pandl expects Ether to benefit more than Bitcoin as Donald Trump takes the office in January. Trump has already promised regulatory clarity and more…
Counterfeit concerns cloud Shein and Temu’s rapid growth in the toy market
The global toy market, a $108.7 billion industry in 2023 (Circana), is witnessing a significant shift. Fast-growing e-commerce platforms Shein and Temu, known for their ultra-low prices and vast selection…