Asian stocks ended mixed on Tuesday following sluggish overnight cues from Wall Street and Europe. The upside, if any, remained capped before key U.S. inflation data out later in the day that might offer some clarity over the path of interest rates. The dollar steadied and gold slipped from record highs while oil prices rose...
VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could soon let VCs hold crypto. VC...
European stocks were subdued on Monday due to pressure from higher bond yields following robust U.S. jobs data released last week. Sentiment was also dented after official data showed Germanys factory orders declined at a faster-than-expected pace in August. According to preliminary figures from data Destatis, incoming new orders contracted 5.8 percent on a monthly...
Recouping some of the losses in the previous session, the Japanese stock market is notably higher on Tuesday, with the Nikkei 225 moving well above the 39,900 level, despite the mostly negative cues from Wall Street overnight, with gains across most sectors led by index heavyweights and technology stocks. The benchmark Nikkei 225 Index is...
Notably, a downward trendline near the pivot point of $65,214 suggests resistance; thus, remaining below this mark could maintain bearish pressures. However, a breach above this level could shift momentum favorably for Bitcoin, pointing towards a more bullish stance. Act Fast to Buy Dogeverse Before Imminent Price Hike Dogeverse, a meme coin making waves across...
The U.S. dollar extended gains against its major counterparts in the New York session on Thursday, as the nations service sector activity climbed more than expected in September, reducing the likelihood of a 50 basis point rate cut by the Federal Reserve at the meeting in November. Data from the Institute for Supply Management showed...
Following sixteen consecutive months of contraction, the Institute for Supply Management released a report on Monday unexpectedly showing modest growth in U.S. manufacturing activity in the month of March. The ISM said its manufacturing PMI jumped to 50.3 in March from 47.8 in February, with a reading above 50 indicating growth in the sector. Economists...
A report released by the University of Michigan on Friday showed an unexpected deterioration by U.S. consumer sentiment in the month of October. The University of Michigan said its consumer sentiment index fell to 68.9 in October after climbing to 70.1 in September. Economists had expected the index to inch up to 70.8. The unexpected...
JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP), one of paper manufacturers under APP Group of Sinarmas, is once again listed under three categories of Indeks Tempo-IDNFinancials 52 following annual evaluation, effective per June 2024. INKP still remains under Main Index, High Growth, and Big Market Cap categories of Indeks52, after scoring satisfactory...
Shares of MicroStrategy (MSTR) fell more than 3.3% in after-hours trading Monday following the company’s announcement that it will raise $600 million through the issuance of Senior Convertible notes. These notes, which are a type of debt instrument that can be converted into company equity at a future date, offer holders a higher claim on...