Spencer Platt/Getty Images News RBC Capital Markets sees slowing economic growth as a roadblock for a sustainable rotation out of high-flying growth and large-cap stocks into other areas of the stock market. The Russell 200 (RTY)(IWM) rally late last week while the S&P 500 (SP500)(SPY) slumped following the June CPIContinue Reading
Investing.com – XRP was trading at $0.4968 by 00:26 (04:26 GMT) on the Investing.com Index on Saturday, up 10.07% on the day. It was the largest one-day percentage gain since March 11. The move upwards pushed XRP’s market cap up to $27.5901B, or 1.29% of the total cryptocurrency market cap.Continue Reading
loveguli The Asia-Pacific equity market was mostly higher on Friday as investors absorbed the latest economic data from China, and also investors weighed mixed signals on Wall Street in the wake of a cooler-than-expected US inflation report. Japan (NKY:IND) -2.45%. The Nikkei index tumbled after BOJ conducted rate checks withContinue Reading
vchal China’s trade surplus surged to $99.05 billion in June 2024 from $69.80 billion in the same period a year earlier, surpassing market expectations of $85 billion, marking the largest trade surplus since July 2022, as exports jumped while imports unexpectedly fell. In June, China’s exports surged 8.6% year-on-year, markingContinue Reading
Goldman Sachs argued that the artificial intelligence (AI) trade that Wall Street has been riding for the past 18 months has come under increased scrutiny of late as market participants are starting to show some concerns. The investment bank, in an updated research note on Wednesday, said investors were skepticalContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.27% Germany (DAX:IND) -0.27% France (CAC:IND) -0.59% as traders continue to assess the implications of a gridlock. Czech unemployment rate stood at 3.6% in June. Albania’s gross domestic product rose 3.6% Y/Y in Q1. Hungary’s annual inflation rate eased to 3.7% in June. Denmark’sContinue Reading
Traders and investors have watched Wall Street’s major market averages trade mixed on Monday, as participants look ahead to important inflation reports and earnings scheduled for later in the week. The tech focused Nasdaq Composite (COMP:IND) has climbed 0.1%, the benchmark S&P 500 (SP500) trades near even, and the blue-chipContinue Reading
Investing.com – Ethereum was trading at $2,898.17 by 23:12 (03:12 GMT) on the Investing.com Index on Friday, down 10.25% on the day. It was the largest one-day percentage loss since November 9, 2022. The move downwards pushed Ethereum’s market cap down to $360.89B, or 17.62% of the total cryptocurrency marketContinue Reading
Imports of goods to Australia grew by 3.9% month-over-month to AUD 38.21 billion in May 2024. It was a reversal from a marginally revised 7.0% plunge in the previous month, with purchases rising for all components. The S&P/ASX 200 Index jump 1.2% to around 7,835.6 on Thursday, extending gains fromContinue Reading
Tryaging May International Trade in Goods and Services: -$75.1B vs. -$76.3B consensus and -$74.5B in April (revised from -$74.6B). May exports were $261.7 billion, $1.8 billion less than April exports. May imports were $336.7 billion, $1.2 billion less than April imports. The May increase in the goods and services deficitContinue Reading
