Indian shares opened on a positive note Monday as new jobs data underscored the strength of the U.S. labor market and economy but prompted traders to scale down their rate cut expectations. The benchmark S&P BSE Sensex rose 363 points, or half a percent, to 74,611 in early trade while the broader NSE Nifty index...
The crypto bull market may be driving a renewed interest in non-fungible tokens (NFTs). According to DappRadar, the NFT sector has seen a 50% surge in trading volume for the first quarter of this year, generating $3.9 billion in revenue. These findings indicate this has been the strongest quarter for NFTs since Q1 2023. NFT...
Consumer goods giant Procter & Gamble Co. has called back around 8.2 million defective bags of Tide, Gain, Ace and Ariel laundry detergent packets distributed in the United States citing risk of serious injury, the U.S. Consumer Product Safety Commission announced. In addition, about 56,741 were sold in Canada. According to the agency, the outer...
Hong Kong crypto adoption is taking another leap forward at ZA Bank, where executives are in talks to start providing direct banking services to several stablecoin issuers. As reported by BNN Bloomberg, Alternate Chief Executive Devon Sin said the virtual lending firm would provide fiat reserve accounts to such firms once they’re officially approved access...
European stocks may open on a positive note Monday after U.S. markets posted strong gains on Friday amid optimism that the economy remains healthy. Easing geopolitical tensions in the Middle East may also help underpin investor sentiment after Israel\'s military said that it was reducing its numbers of soldiers from southern Gaza amid talks for...
Industrial production and foreign trade from Germany and investor confidence from the euro area are the top economic news due on Monday. At 2.00 am ET, Destatis publishes Germany\'s industrial output and external trade figures. Economists forecast production to grow 0.6 percent on month in February, following a 1.0 percent rise in January. The trade...
Brisbane-based Monochrome Asset Management has announced it has moved its application for its flagship product the Monochrome Bitcoin exchange-traded fund (ETF) to be listed on the Cboe Australia. The Australian firm applied in July 2023 to list its ETF on the Australian Securities Exchange (ASX). Cboe Australia is an alternative trading execution venue to the...
Consumer discretionary and healthcare stocks are in demand in the Canadian market, which is up in positive territory around noon on Thursday after a steady start. A few stocks from real estate, technology, communications, industrials, technology and utilities sectors are also finding support. Energy and materials shares are turning in a mixed performance. The benchmark...
The U.S. dollar moved lower against its major counterparts in the New York session on Thursday, as strong jobless claims data raised the prospect of interest rate cuts this year. Data from the Labor Department showed that initial jobless claims climbed to 221,000 in the week ended March 30, an increase of 9,000 from the...
European stocks closed higher on Thursday with investors digesting Eurozone private sector and producer price inflation data, the minutes of European Central Bank\'s most recent policy meeting and Fed Chair Jerome Powell\'s comments on interest rate outlook, and awaiting the crucial U.S. non-farm payroll data due on Friday. The ECB\'s rate-setters were increasingly confident of...