The Indian rupee weakened against the U.S. dollar in the European session on Tuesday. India is the third-largest oil consumer in the world, so the modest increase in crude oil prices hurts the value of the Indian rupee. Meanwhile, the markets expect an intervention by the Reserve Bank of India (RBI) is likely to lessen...
European stocks posted marginal gains in the shortened trading session on Tuesday, with investors mostly staying away on the sidelines ahead of Christmas holidays. Some major markets in the region remained shut for Christmas Eve. The pan European Stoxx 600 closed higher by 0.21%. The U.K.s FTSE 100 gained 0.42% and Frances CAC 40 edged...
The pound rose against its major counterparts in the New York session on Tuesday. The pound rose to 5-day highs of 197.63 against the yen and 1.1314 against the franc, off its early lows of 196.61 and 1.1258, respectively. The pound touched 0.8275 against the euro, setting a 4-day high. The pound edged up to...
The Swiss franc declined against its most major counterparts in the New York session on Tuesday. The franc touched 0.9011 against the greenback and 1.1314 against the pound, setting 5-day lows. The franc dropped to a 6-day low of 0.9367 against the euro. The next possible support for the franc is seen around 0.92 against...
The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays. The Canadian market will resume trading on Friday (December 27). The benchmark S&P/TSX Composite...
Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity. The leading index is expected to slip 0.3 percent on month after climbing 2.2 percent in September. The coincident is seen higher by 2.5 percent on month after rising 1.3 percent in the previous...
Singapore will on Monday release November numbers for consumer prices, highlighting a light day for Asia-Pacific economic activity. In October, overall inflation was down 0.3 percent on month and up 1.4 percent on year, while core CPI rose an annual 2.1 percent. Taiwan will see November figures for industrial production and unemployment; in October, industrial...
Crypto regulation is advancing in New York as a Bill to protect users emerges.At the Federal level, the US SEC is also pushing for investor protection with a new cyber unit. Lawmakers in New York state are reviewing a proposed bill to fight crypto scams and rug-pull attacks. This Bill comes amid increasing efforts to...
VeChain’s role in the supply chain was spotlighted in a recent academic journal.From fashion goods to pharmaceuticals, VeChain is transforming the supply chain market. VeChain (VET) continues to push boundaries in Web3 and traditional ecosystems. The platform was recently mentioned in a journal article, “Blockchain in Global Trade.” This recognition further strengthens the VeChain network...
Fink remains optimistic despite volatility, advising investors to “buy the dip” amid geopolitical tensions.BlackRock’s strategic investments highlight confidence in long-term growth, particularly in AI and infrastructure. BlackRock CEO Larry Fink has advised investors to “buy the dip” if a significant market downturn occurs in 2025, as CNF reported. Despite economic turbulence, Fink remains optimistic about...