Tue, May 14, 2024

Chloe Wilson

amazon office

Amazon Joins Dow: A $90.8B AWS Boost & 15.75% Stock Surge

Quick Look Amazon replaced Walgreens Boots Alliance in the Dow Jones Industrial Average, marking significant index reshuffling. This inclusion aligns with Amazon’s stock split, echoing a trend of tech dominance alongside Microsoft and Apple in the Dow. AMZN leads the cloud infrastructure sector with AWS, showcasing robust financial performance with $90.8 billion in revenue. Jeff …

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Solana

Solana Soars 13.3%, Hits $124.17 Amid Market Rally

Quick Look Solana (SOL) price soared by 13.3% in the last 24 hours, reaching a new yearly high of $124.17. Dogwifhat (WIF) memecoin, a Solana-based asset, witnessed a 55% spike ahead of Solana’s rally. Despite recent gains, Solana remains 52% below its all-time high of $259.62. Bitcoin (BTC) leads the market, with a 21% week-over-week …

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BYD stops producing full combustion engine cars

$30M DOE Boost for Electric Vehicle Battery Tech & Market Shifts

Quick Look Introduction of smart charging stations with advancements in technology and accessibility. The role of commercial electric vehicle charging in supporting urban development and sustainable travel. Economic and social benefits spurred by the growth of EV charging infrastructure. U.S. DOE invests $30 million in the CIRCULAR program to enhance EV battery technology. Industry challenges …

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European countries vs companies

€18B Boost Amid Bonds in France & Qatar Investment

Quick Look France announces a €8 billion ultralong bond issuance with a maturity date in May 2055, showcasing strong market confidence. Despite high investor demand, French consumer confidence dips further in February, reflecting ongoing economic concerns. Qatar pledges a substantial €10 billion investment in France’s economy, targeting key future-oriented sectors. In a remarkable show of …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY: Inflation Drives to 155.50 Amid Policy Shifts

Quick Look USD/JPY shows a neutral intraday bias with sideways trading, support at 148.79, and a breakpoint at 150.87. The larger trend projection suggests an upward movement towards 155.50 from a base of 140.25. Japanese inflation rate in January hits 2.2%, indicating potential shifts in BoJ’s monetary policy. Upcoming US Q4 GDP and PCE data …

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Copper

Metals: Copper Hits Lowest Charges Since 2013

Quick Look Copper treatment charges in China hit a low of US$19.8/ton, the lowest since 2013, indicating smelting overcapacity. China’s refined metal output reached a record high in December, driven by demand from the green energy sector. Annual contracts for copper treatment are set at US$80/ton for 2024, marking a 9% year-on-year decline. LME copper …

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Wibest – Asian Market: The Nikkei Stock Average with red down arrow.

Nikkei 225 Hits 39,098.68: A 44% Yearly Surge

Quick Look The Nikkei 225 index surpasses its 1989 peak, closing at 39,098.68. Sharp gains in chip-related shares and significant foreign investment drive the index’s rise. Over the past year, the Nikkei has surged by approximately 44%, outperforming many global counterparts. Governance reforms and corporate efficiency measures contribute to market attractiveness. Record stock buybacks and …

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Crypto Market Highlights – Ethereum,Coin,And,Bitcoin,In,Background.,Cryptocurrency,Eth,And,Btc.

248% Surge in Cardano Wallets; ADA Eyes $2.15 Peak

Quick Look Cardano’s new wallet creation surged by 248% between February 1 and 2 and by 89% between February 22 and 23. Active addresses have more than doubled since the year’s start, peaking at 64,568 on February 16. ADA’s price saw a significant rise, trading around $0.6211, marking a 6.23% increase in 24 hours. Analysts …

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crypto halving

Feb 2024: Bitcoin Hits $57K, Market Cap Tops $2T

Quick Look Bitcoin (BTC-USD) surges past $57,000, marking its highest in over two years. Bitcoin has seen a nearly 30% increase year-to-date, ahead of the April halving event. Crypto market cap exceeds $2 trillion, surpassing the valuation of tech giants Amazon and Alphabet. MicroStrategy and Coinbase stocks see significant gains amidst the crypto rally. Bitcoin …

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German bank and digital currency

Germany’s DAX Nudges Up: A 0.02% Weekly Insight

Quick Look Germany’s DAX Index edges up by a mere 0.02% on Monday, hinting at market cautiousness. Key economic data releases slated for this week include inflation figures, economic sentiment indicators, and labour market information. Daiwa Capital Markets predicts a significant moderation in inflation rates across various sectors. Corporate developments see Global Telco AI Alliance’s …

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$218M Odysseus: Lessons from Moon’s Economic Frontier

Quick Look NASA and Intuitive Machines sponsored the Odysseus Moon Lander. It marks a significant milestone as the first-ever privately owned US lander on the moon since 1972. Odysseus experiences a sideways touchdown due to an uneven lunar surface. However, the mission’s technical challenges offer parallels to navigating the global economy. With a combined investment …

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Wibest – Franc: Swiss franc coins (CHF)

Sideways USD/CHF Near 0.8800 Amid Rate Hesitancy

Quick Look USD/CHF trades sideways near 0.8800, showing slight gains in the early European session. FOMC minutes reveal hesitancy to cut rates hastily, preferring to await more economic data. Swiss National Bank (SNB) President hints at possible rate cuts, contingent on upcoming inflation data. Geopolitical tensions in the Middle East impact safe-haven currencies, including the …

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Wibest – Grain Market: Soybeans

Essential Food Prices Surge Ahead of Ramadan in Indonesia

Quick Look Bangladesh sees price increases in essentials despite government efforts to reduce import duties. Prime Minister of Bangladesh blames hoarding for price hikes; market trends show significant increases in onion, sugar, and beef prices. Indonesia’s Bulog confirms ample rice stocks; government launches Cheap Food Movement to combat rising rice prices. Both countries face challenges …

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Hype Over Nvidia's AI is Fueling Stock Bets

Nvidia Skyrockets: $22.1B Sales & 279% Data Center Growth

Quick Look Nvidia’s stock price surged, reaching over $788 post-earnings, peaking at $800 before a slight retreat. Earnings shattered expectations with $5.16 per share on $22.1 billion in sales, marking significant year-over-year growth. Data-centre sales skyrocketed by 279% from the previous year, underpinning Nvidia’s revenue surge. The future outlook brightens with the anticipation of the …

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bitcoin

Bitcoin Soars to $57K: Strategic Buys & ETF Optimism Fuel Rally

Quick Look Bitcoin reached a two-year peak of $57,036, signalling a robust 10% rally. MicroStrategy’s strategic acquisition of 3,000 bitcoins preceded the surge. Ethereum also showcased strength, hitting a peak at $3,275. U.S. Bitcoin ETF approvals have invigorated market optimism. Analysts forecast Bitcoin could soar to between $120,000 and $200,000 by late 2025. In an …

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