Quick Look LME Nickel prices increased by 0.5% to $17,685 per metric ton, with an 8.7% monthly gain. SHFE May Nickel Contract rose 1.6% to 137,530 yuan ($19,115.46), marking a 7.6% monthly increase. Supply concerns in Indonesia and Russia, alongside speculation of sanctions, have contributed to price volatility. Comparative analysis shows mixed performance across base …
Nickel Prices Surge 8.7% Amidst Global Supply Fears Read More »
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 …
Amazon Joins Dow: A $90.8B AWS Boost & 15.75% Stock Surge Read More »
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 …
$30M DOE Boost for Electric Vehicle Battery Tech & Market Shifts Read More »
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 …
€18B Boost Amid Bonds in France & Qatar Investment Read More »
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 …
USD/JPY: Inflation Drives to 155.50 Amid Policy Shifts Read More »
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 …
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 …
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 …
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 …
$218M Odysseus: Lessons from Moon’s Economic Frontier Read More »
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 …
Sideways USD/CHF Near 0.8800 Amid Rate Hesitancy Read More »
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 …
Essential Food Prices Surge Ahead of Ramadan in Indonesia Read More »
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 …
Nvidia Skyrockets: $22.1B Sales & 279% Data Center Growth Read More »
Quick Look Samsung introduced the innovative Galaxy Ring at MWC 2024, featuring advanced health tracking and AI capabilities. The Galaxy Ring offers 24/7 heart rate monitoring, SpO2, sleep monitoring, and fitness tracking. It might include blood pressure monitoring soon. Samsung’s AI expansion plans include extending Galaxy AI features across a wide range of devices, including …
Samsung Galaxy Ring: Revolution in Health Tech Unveiled Read More »
Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …
Nikkei Peaks, CSI Gains Amid Global Economic Tensions Read More »
Quick Look The US Dollar Index hovers around 104.00 amidst key financial events. Notable currency movements include USD/JPY, reaching 150.50, and GBP/USD, gaining 0.6% last week. NASDAQ 100, S&P 500, and Dow Jones 30 hit new all-time highs, reflecting bullish stock market sentiment. Canadian CPI shows a decrease, while US inflation data presents a slight …
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