European markets are expected to start the new week on an optimistic note even amidst anxiety ahead of crucial inflation updates due from Europe, U.K and the U.S. over the course of the week. Overwhelming expectations of a Fed rate cut in September is supporting market sentiment. The unfolding geopolitical situation in the Middle East...
After a weak start and a subsequent fall to lower levels, the Indian market bounced back into positive territory Monday morning with select blue chip stocks recovering smartly and posting strong gains. The early setback was due largely to the initial reaction to Hindenburg Researchs allegations that the Indian market regulator SEBIs chairperson had stake...
Sentiment improved in Asian markets on Monday amidst an assessment that concerns about economic growth in the U.S. were overdone. Anxiety ahead of the CPI data due from the U.S. on Wednesday however limited gains. Markets in Japan are closed for a holiday. Chinas Shanghai Composite Index shed 0.14 percent to finish trading at 2,858.20....
Indian stock indexes Sensex and the Nifty50 ended marginally down on Monday as stocks faced some resistance during the final hour despite having rebounded from an early setback and stayed firm till about the penultimate hour of the session. The market started off on a weak note this morning with stocks, especially those from the...
Recouping the losses the previous session, the Australian stock market is sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,700 level, with gains across most sectors led by gold miners and technology stocks. The benchmark S&P/ASX 200 Index is gaining 88.60...
Future Fintech Group Inc. (FTFT) announced Friday that its Board of Directors approved the appointment of Hu Li as Chief Executive Officer, President and a member of the Board of the Company, effective August 5, 2024. Li will be fully responsible for the operation and management of the Company, helping it to expand internationally, manage...
The CAC-40 is trading close to the flatline on Monday as markets weigh the Feds monetary policy outlook ahead of the U.S. inflation update on Wednesday. The CAC-40 is currently trading at 7,268.84, edging down 0.01 percent from the previous close of 7,269.71. The days trading has been between 7,307.45 and 7,250.50. Of the 40...
European stocks are slightly higher in cautious trade on Monday with investors digesting regional earnings updates and German wholesale prices data, and awaiting inflation data from the U.K., and U.S. due later in the week. The pan European Stoxx 600 is up 0.2%. The U.K.s FTSE 100 is gaining 0.54%, Germanys DAX is advancing 0.25%...
NaaS Technology Inc. (NASS), the first U.S. listed EV charging service company in China, announced Monday that Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Steven Sim to succeed Wu as Chief Financial Officer, effective August 12,...
The FTSE 100 benchmark of the London Stock Exchange is trading firmly above the flatline amidst cautious optimism ahead of the release of employment data on Tuesday, inflation reading on Wednesday, GDP data on Thursday and the retail sales measure on Friday. Corporate earning updates also supported sentiment. FTSE 100 oscillated between 8,184.45 and 8,223.90...