May 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 […]
Read moreMay 7, 2025 9:22 am
Key Moments: Revolve Group’s shares fell 10.77% in after-hours trading following a revenue miss. Revenue hit $296.71 million, below the analyst consensus of $297.56 million. Q1 adjusted earnings per share came in at $0.16. Full-year 2025 gross margin guidance now stands at 50.0-52.0%, down from prior estimates of 52.4-52.9%. Revenue Disappointment Weighs on Investor Sentiment […]
Read moreMay 7, 2025 6:48 am
Key Moments: USD/JPY climbed 0.44% on Wednesday, reaching 143.04. The US Dollar Index stayed above the 99.300 mark. Market enthusiasm improved on news that trade discussions between the US and China will take place in Switzerland later this week. Yen Weakens as Risk Sentiment Rises The USD/JPY pair gained traction on Wednesday, with the greenback […]
Read moreMay 5, 2025 2:38 pm
Key Moments: The S&P 500 fell 0.54% after markets opened on Monday, ending a 9-session rally. The Dow edged lower by 0.19%, and the Nasdaq Composite also struggled with a 0.78% fall. A new 100% tariff on foreign-made movies weighed heavily on entertainment stocks. Wall Street Starts Week in the Red Major US equity indices […]
Read moreMay 5, 2025 2:00 pm
Key Moments: EUR/USD reached 1.1355 on Monday as renewed selling pressure pushed the US Dollar downwards. The US Dollar Index fell 0.52% to 99.518. Traders continued to anticipate further ECB rate cuts, while expectations surrounding a potential rate decrease by the Federal Reserve remained low. Euro Climbs as Dollar Slips on Trade Concerns and Fed […]
Read moreMay 5, 2025 10:07 am
Key Moments: Erste Group acquired 49% of Santander Bank Polska for €6.8 billion in an all-cash deal Erste Group’s stock price surged on Monday, climbing 8.16% to €63.65. The Austrian lender also purchased 50% of Santander’s Polish asset management unit for €200 million. Major Polish Banking Stake Changes Hands Austria’s Erste Group has acquired a […]
Read moreMay 5, 2025 6:55 am
Key Moments: The Indian Rupee gained on Monday, supported by declining oil prices and improving US-India trade prospects. The USD/INR pair dropped 0.35% to 84.1820, while the US Dollar Index retreated by 0.25%. Geopolitical tensions between India and Pakistan may limit further appreciation of the Rupee. INR Boosted by External Support, Faces Geopolitical Risks The […]
Read moreMay 2, 2025 1:32 pm
Key Moments: Bitcoin reached the $97,213 mark on Friday, climbing by 0.7%. The cryptocurrency’s market dominance has risen to 64.89%. On Thursday, Bitcoin ETF inflows exceeded $422 million. Bitcoin Extends Its Lead in Crypto Markets Bitcoin enjoyed a notable rally on Friday, as the cryptocurrency hit $97,213 amid a 0.7% climb. Moreover, Bitcoin’s share of […]
Read moreMay 2, 2025 8:15 am
Key Moments: The FTSE 100 index opened 0.83% higher on Friday. Positive signals from China on US trade talks bolstered investor confidence across the UK and Europe. The DAX rose by 294.76 basis points, while the broad STOXX 600 edged 0.93% higher. Equity Markets Open Higher on Optimism Over Trade Dialogue London’s FTSE 100 climbed […]
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