GameStop stock: Time to embrace the MicroStrategy approach?
GameStop (GME) stock price has moved sideways in the past few weeks as investors reflect on its recent earnings and cash raise. It was trading at $22.48 on Friday, much…
Brace for a natural gas price comeback – technical analysis
US natural gas futures were on consolidation for the second session in a row on Thursday after recording significant gains on Friday and Monday. At the time of writing, it…
Here’s why the China A50 and Hang Seng index are surging
The Hang Seng and China A50 indices surged this week as the market reacted to the country’s stimulus package. China A50, which tracks the biggest companies in China, jumped to…
Here’s why the DAX index surged to ATH and what to expect
The DAX index surged to its highest level on record this week, helped by the actions by the Chinese government and global central banks. It soared to a high of…
CAC 40 index hits key price as LVMH, Hermes, Kering stocks lead
The CAC 40 index soared this week, thanks to ongoing stimulus measures by the Chinese government and actions by the Federal Reserve and the European Central Bank (ECB). It soared…
FTSE MIB forms a rare bullish pattern; is an all-time high coming?
Italian stocks bounced back this week as investors embraced a risk-on sentiment. The blue-chip FTSE MIB index rose to a high of €34,400, its highest point since July 24. It…
Steel rebar futures jump to CNY 3,170: Chinas’ stimulus measures boost market optimism
In September, the futures for steel rebar experienced a notable increase, reaching CNY 3,170 per tonne. This spike represented the highest price seen in a month, largely driven by the…
US GDP grows 3% in Q2 2024: private inventory investment drives upward adjustment
In the second quarter of 2024, the US economy expanded at a 3% annualized rate, demonstrating its resiliency. This figure is consistent with the prior estimate and represents a significant…
China’s industrial profits fall 17.8% in August amid weak economic growth and property slump
China’s industrial profits plunged 17.8% in August compared to the previous year, signaling growing concerns over the country’s economic slowdown. The sharp decline, reported by the National Bureau of Statistics…
Chinese stocks soar, posting best weekly gains since 2008 amid stimulus optimism
Chinese stocks surged on Friday, on track to close their best week since the 2008 global financial crisis, driven by optimism over new government stimulus measures. The CSI 300 Index,…