April 24, 2025 8:44 am
Key moments In 2025’s first quarter, the South Korean GDP shrank by 0.2%. Other benchmarks also fell, including investment figures, which dropped 3.2%. These contractions defied forecasts that had anticipated a marginal expansion for the quarter. Economist Hyosung Kwon attributed this decline to political tensions and US tariff policies. The Korean won slipped, with the […]
Read moreApril 23, 2025 2:43 pm
Key moments Pegasystems’ stock soared on Wednesday, exceeding $90. In Q1 2025, the company’s earnings per share (EPS) reached $1.53, a notable increase from the forecasted $0.99. Pegasystems’ revenue also impressed investors as it exceeded $475.63 million, $118.39 more than what was anticipated. Earnings Beat Propels Pegasystems Stock Pegasystems, an enterprise AI software provider, saw […]
Read moreApril 23, 2025 1:50 pm
Key moments US natgas futures slipped 0.27%, hitting $2.9. Unseasonably warm temperatures across key US regions are significantly lowering heating demand. Crude oil benchmarks also experience downturns, with each depreciating by around 0.3%. Energy Markets Struggle, Natural Gas Reaches $2.9, Crude Oil Also Falls US natural gas futures experienced a notable decline on Wednesday, with […]
Read moreApril 23, 2025 8:31 am
Key moments The USD/JPY pair is now hovering close to the 142.00 mark. This followed an earlier surge past the 143.00 threshold, which marked the yen’s lowest valuation against the dollar in months. The US Dollar Index was boosted by positive news regarding potential trade negotiations, but lingering concerns regarding the US economy’s stability exerted […]
Read moreApril 22, 2025 9:46 am
Key moments The STOXX 600 index fell 0.33% on Tuesday, hitting 504.74. The DAX also registered losses of 0.15%, while France’s CAC 40 slid 0.28%. Fresh criticism from Trump toward Fed Chair Powell reignited pessimistic sentiment among European investors. DAX and CAC 40 Follow STOXX Down in European Market Opening European stocks opened lower on […]
Read moreApril 22, 2025 8:24 am
Key moments The US Dollar Index fell to 98.310 on Tuesday. Treasury yields rose, with the 10-year yield surpassing 4.4% and the 30-year yield exceeding 4.9%. The AUD/USD pair climbed 0.14% to 0.6425. Greenback’s Decline Continues, Australian Dollar Soars The US dollar extended its downward spiral on Tuesday, hitting fresh multi-year lows as political uncertainty […]
Read moreApril 17, 2025 2:03 pm
Key moments On Thursday, the ECB lowered Europe’s interest rates by 25 basis points. The primary deposit facility rate now stands at 2.25%. The ECB’s decision to lower borrowing costs was primarily driven by growing concerns about the Eurozone’s weakening economic growth prospects. After the ECB’s announcement, the EUR/USD declined to 1.1355. Euro Loses Ground […]
Read moreApril 17, 2025 12:17 pm
Key moments Torex Gold Resources was among the top performers on the TSX Composite Index, climbing 9.85%. The TSX Composite edged a mere 0.16% higher. Canada’s interest rate remains at 2.75% as the BoC takes a cautious approach to monetary policy amid trade tensions. Torex Gold’s Share Price Jumps Amid Unchanged Interest Rates Wednesday witnessed […]
Read moreApril 17, 2025 7:20 am
Key moments Negative sentiment permeated across various sectors on Wednesday, with major US indices suffering declines. Nasdaq stocks suffered the most, closing the day with losses of over 3%. Investor apprehension mounted due to the White House’s decision to restrict Nvidia H20 chip exports to China. Fears were further exacerbated by Fed Chair Powell, whose […]
Read moreApril 16, 2025 12:28 pm
Key moments The EUR/USD pair’s Wednesday recovery saw it hit 1.1361. Meanwhile, the US Dollar Index remains stuck below the 100 mark. The US dollar is struggling amid prevailing unease surrounding global tariff-related tensions. Euro Gains Momentum While Dollar Weakens On Wednesday, the EUR/USD pair experienced a significant jump of 0.74% to reach 1.1361. This […]
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