May 12, 2025 2:10 pm
Key Moments: Nokia Corporation delivered Banshee tactical private wireless units to the US Marine Corps Tactical Systems Support Activity (MCTSSA). In early 2025, MCTSSA acquired multiple Banshee units and received hands-on deployment training. The tech giant’s stock rose by 3.8% to 4.647 on Monday. Banshee Enhances Tactical Connectivity for the US Marine Corps Nokia’s stock […]
Read moreMay 12, 2025 10:43 am
Key Moments: Brent crude spot prices rose 2.65% to $66.34 per barrel, while WTI gained 2.92% to $63.065 per barrel on Monday. China and the US have agreed to lower reciprocal tariffs by 115% for a 90-day period. OPEC’s plans to increase output in May and June limited the extent of oil price gains. Tariff […]
Read moreMay 12, 2025 8:01 am
Key Moments: The S&P/ASX 200 closed practically flat on Monday, inching up 0.03% to finish at 8,233.5. Healthcare stocks dropped to a level not seen since April. Mining equities advanced 0.9%, supported by stronger iron ore prices. Optimism over trade discussions between the US and China further bolstered market confidence. Uneven Sector Performance Keeps Index […]
Read moreMay 9, 2025 2:09 pm
Key Moments: Canada’s unemployment rate increased to 6.9% in April, exceeding expectations of 6.8%. Net job creation totaled 7.4K in April, rebounding from a 32.6K decline in March. The USD/CAD pair is trading around the 1.3920 mark on Friday, while the US Dollar Index remains above 100. Labor Market Overview According to data published by […]
Read moreMay 9, 2025 12:31 pm
Key Moments: The FTSE 100 rose 0.46% on Friday, building on recent momentum. BP PLC surged over 4% following reports of takeover interest from major energy competitors. International Consolidated Airlines gained around 2% after announcing better-than-expected Q1 results and reaffirming its 2025 outlook. Trade Talk Optimism Boosts Markets UK equity markets saw gains on Friday […]
Read moreMay 9, 2025 8:35 am
Key Moments: AUD/JPY pulled back below 93.00 on Friday. March saw household spending climb 2.1% year-over-year, aiding the yen. The pair’s downward momentum was mitigated by robust Chinese trade data. Yen Strengthens as Household Spending Jumps The Japanese yen appreciated against the Australian dollar on Friday, pushing the AUD/JPY pair down to 92.96. The move […]
Read moreMay 8, 2025 2:02 pm
Key Moments: Coinbase has agreed to acquire Deribit in a $2.9 billion deal combining cash and stock. Coinbase aims to strengthen its global reach in the crypto derivatives space. The crypto giant’s shares rose sharply following the disclosure, jumping 5.63% on Thursday. Coinbase Sets Sights on Offshore Derivatives Expansion Coinbase Global has agreed to purchase […]
Read moreMay 8, 2025 11:22 am
Key Moments: The Indian rupee dropped by 1% against the US dollar on Thursday. An earlier USD/INR surge saw the rate climb past 85.7900, marking the rupee’s steepest drop in years. Military escalations between India and Pakistan, including drone strikes and retaliatory artillery exchanges, triggered a flight from Indian assets. The US Dollar Index has […]
Read moreMay 8, 2025 9:47 am
Key Moments: The Pakistan Stock Exchange closed for one hour on Thursday due to overwhelming negative sentiment. The sell-off resumed upon its reopening, with Pakistan’s benchmark KSE 100 shedding around 8.400 basis points, while the KSE 30 plummeted by more than 7%. Pakistan’s military reported downing 12 drones from India after cross-border airstrikes Market Disruption […]
Read moreMay 7, 2025 2:19 pm
Key Moments: CrowdStrike disclosed it will reduce its global workforce by 5%, eliminating approximately 500 roles. The company attributed the layoffs to productivity gains driven by artificial intelligence. Estimated restructuring charges range from $36 million to $53 million, spanning the first two quarters of fiscal 2026. CrowdStrike’s shares fell over 5% on Wednesday. Strategic Workforce […]
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