Shares of Siemens Energy AG were climbing around 16 percent in the morning trading on Germanys XETRA after the company Wednesday issued fiscal 2025 outlook for sales growth, and upgraded mid-term targets. For the fourth quarter, the energy major reported narrower loss on revenue strength, despite weakness in wind division Siemens Gamesa. Orders also climbed...
The South Korea stock market has finished lower in four straight sessions, slumping almost 250 points or 5.8 percent along the way. The KOSPI now sits just beneath the 2,420-point plateau although its due for support on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest rates. The...
The Canadian market posted a new record closing high on Wednesday thanks to strong buying in the technology sector. Energy stocks found some support, while materials shares drifted lower. Expectations of more interest rate cuts by the Federal Reserve helped underpin sentiment. Data from the Labor Department said the consumer price index crept up by...
The Malaysia stock market on Wednesday ended the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and its expected to remain in that neighborhood again on Thursday. The global forecast for the Asian markets is murky on...
The Singapore stock market bounced higher again on Wednesday, one day after ending the six-day winning streak in which it had surged almost 185 points or 5.1 percent. The Straits Times Index now sits just above the 3,720-point plateau and it may spin its wheels on Thursday. The global forecast for the Asian markets is...
The Taiwan stock market has moved lower in three straight sessions, tumbling almost 700 points or 3 percent along the way. The Taiwan Stock Exchange now rests just above the 22,860-point plateau and it may see mild upside on Thursday. The global forecast for the Asian markets is murky on a mixed outlook for interest...
Bitwise has predicted Ethereum could lead the growth of tokenized real-world assets.Large holders are accumulating Ethereum, with 104 wallets controlling 57% of its circulating supply. Ethereum’s position in the tokenization of real-world assets (RWA) is gaining momentum, supported by predictions from Bitwise’s Senior Investment Strategist, Juan Leon. Tokenized assets are now mostly held in the...
Omni Core’s launch simplifies Ethereum rollup interactions using innovations like restaking and cross-chain messaging, addressing $58 billion in fragmented TVL.Backed by $18 million, Omni integrates Ethereum’s EVM with Cosmos’ CometBFT to boost interoperability, laying the groundwork for advanced DeFi solutions. Omni Network has launched its Omni Core mainnet, a pivotal step in addressing Ethereum Layer...
The share of Ethereum in the hands of whales has grown significantly.This supply concentration has both positive and negative leaning. Ethereum’s whale dominance has reached new highs, with 104 wallets containing at least 100,000 ETH, or 57% of the total supply. This amount, which equals approximately $333.01 billion, suggests increasing confidence from the largest Ethereum...
Institutions and governments are increasingly adopting Bitcoin, driving global demand.Bitcoin’s limited supply fuels its growing role in the global financial system. Bitcoin’s journey has entered unknown territory, as analysts, institutions, and governments agree on an optimistic prognosis that may see its price skyrocketing to $850,000 by 2025. Discussed on Simply Bitcoin, this amazing forecast emphasizes...
