After falling into a recession for the first time in a quarter of a century, India’s economy should is likely to recover in 2021. According to a forecast published Tuesday by the Organization for Economic Cooperation and Development, India’s gross domestic product is projected to increase by 12.6% during the country’s fiscal year starting in April. If …
One week ago, Microsoft revealed that Chinese hackers were gaining access to organizations’ email accounts through vulnerabilities. The hack will probably stand out as one of the top cybersecurity events of the year as Exchange is still widely used worldwide. Significantly, it could lead companies to spend more on security software to prevent future hacks …
Asia Pacific stock exchanges closed Tuesday with bullish results, except for slight losses in Indonesia and Vietnam. The recovery of US equity futures boosted the stocks and pushed regional currencies against the dollar. In Singapore, the city-state stock market advanced 37.37 points, 1.22%, and the Straits Times composite indicator remained at 3,108.53 units. In Malaysia, …
Asian stocks recovered but struggled to hold onto gains Read More »
Precious metals are on a drop as yields are increasing. Here are some commodity notes that analysts say can perform stable returns in the near term. Gold | Sell | Target: Rs 43,800 Technical indicator RSI is hanging under the 30 marks on the daily chart, noting that the counter is in an oversold condition. …
On March 9, the dollar backed away from 3-½ month highs as U.S. Treasury yields stabilized, allowing room for riskier currencies to make gains. Interestingly, the pound, Australian dollar, and New Zealand dollar strengthened their positions. As a reminder, the index that measures the dollar’s strength against a basket of other currencies fell 0.2% in …
Dollar Declined From 3-½ Month Highs Due to Treasury Yields Read More »
Many stocks in the Tech sector have entered a correction. They are registering declines of at least 10% from their recent peaks. The high-tech Nasdaq Composite index ended Friday more than 8% below the all-time high on February 12. Futures point to another problematic trading session on Monday. Investors are concerned that the reopening of …
High-tech stocks are in correction territory. Why? Read More »
Japan’s economy grew at a slower-than-initially-reported pace in October-December, with firms tightening spending on plant and equipment as the COVID-19 pandemic clouded their business plans. The slower growth was mainly caused by a sharper contraction in private inventories and capital expenditure expanding less than estimated in Q4, even as exports remained solid. According to data, …
According to Facebook CEO Mark Zuckerberg’s announcement on March 9, by 2030, people could use advanced smart glasses to teleport to locations like other people’s homes and speak to them as if they’re physically present. Facebook CEO announced that a headset-based digital experience might replace in-person meetings. Zuckerberg added that one upshot of this vision …
Zuckerberg says smart glasses can replace in-person meetings Read More »
Benchmark Brent rose as high as $71.38 a barrel in early Asian trade, its most distinguished after Jan. 8, 2020. By 1110 GMT, it was trading up 12 cents or 0.2% at $69.48, still hanging around its highest level in longer than a year. U.S. West Texas Intermediate (WTI) crude was up 14 cents or …
BRENT REACHES $70 FIRST TIME SINCE EPIDEMIC BEGAN Read More »
According to U.S. manufacturing data, the sector is at its highest growth level, unseen since August 2018. That report from the Institute for Supply Management helped confirm the idea among economists that output to start the year is much better than the low single-digit growth some of them had been predicting late last year. The …
The U.S. economy saw its highest growth level since 2018 Read More »
Windows 10’s look has remained intact for the last few years, with just a few tweaks. However, according to the latest news, Microsoft is finally updating the appearance of its desktop OS. On tap are a new News and Information panel and a modified set of system icons. Significantly, they’re currently available to a subset …
Microsoft is updating the appearance of its desktop OS Read More »
Chinese shares rallied on Friday. It helped pull Asian stocks off one-month lows. Meanwhile, attention moved to US non-farm payrolls. During early Asian trading, E-Mini futures for S&P 500 were down 0.5%. They gave up all losses by afternoon. Futures for Europe pointed to a weaker start. Those for Euro Stoxx 50, Germany’s Dax, and …
Chinese Premier Li Keqiang announced on March 5 at an annual parliamentary meeting that China has set a growth target of more than 6% for 2021. Significantly, that’s the country’s most important political event of the year. The country reported GDP growth of 2.3% in 2020, the only major economy to expand amid the COVID-19 …
China has set a growth target of more than 6% for 2021 Read More »
Investors are closely monitoring the situation as they would like to gather more information about the situation. Interestingly, the dollar fortified its position against a basket of its peers on Thursday as a more orderly rise in U.S. Treasury yields provided support before a speech by Federal Reserve Chairman Jerome Powell. His speech may determine …
U.S. Dollar, Other currencies, and Fed Chairman Powell Read More »
Asia-Pacific stocks fell on Thursday. This comes after negative sentiment on Wall Street and concerns about rising bond yields spread to the region. Japan’s Topix index lost 1.8%, while China’s CSI-300 index of stocks listed in Shanghai and Shenzhen fell 2.7%. In Hong Kong, the Hang Seng lost 2.6%, while shares in Australia and South …
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