March 10, 2025 9:17 am
Key moments The ringgit appreciated to 4.4085/4210 against the US dollar, up from 4.4110/4145 at the previous Friday’s close. The US Dollar Index (DXY) fell to 103.830 points, paving the way for further ringgit appreciation. The ringgit also strengthened against the pound sterling, reaching 5.7011/7172 from 5.7070/7115 last Friday. Malaysian Ringgit Appreciates amid US Economic […]
Read moreMarch 10, 2025 9:17 am
Key moments Palm oil futures experience a 1.5% drop, reversing recent gains due to profit-taking and trade concerns. February export data reveals a four-year low, with a 16.27% monthly decrease. Supply constraints, including flood disruptions and pest infestations, limit further price declines. Profit-Taking and Trade Tensions Pressure Malaysian Palm Oil Futures Prices Below MYR 4,600 […]
Read moreMarch 10, 2025 8:06 am
Key moments The Hang Seng Index experienced a 1.6% drop, settling at 23,840.33 by mid-afternoon. The Hang Seng Tech Index saw a decrease of 2.98%, concluding the trading session at 5,857.46. China’s consumer price index (CPI) revealed a 0.7% reduction YoY in February. China’s 0.7% Deflation Sparks Market Downturn Hong Kong’s stock market witnessed a […]
Read moreMarch 7, 2025 2:58 pm
Key moments The euro has surged against the dollar this week, climbing over 4.5% in its most significant rise since 2009. The EUR/USD pair traded at 1.0866, marking a 0.76% increase as of 16:22 GMT+2. Financial institutions are revising their forecasts, moving away from predictions of euro-dollar parity. Euro Gains Momentum Amidst Economic Shifts, Climbs […]
Read moreMarch 7, 2025 2:47 pm
Key moments TD Cowen upgraded Tesla to “Buy” with a substantial price target increase, and Wedbush labeled it a “table pounder,” signaling strong confidence in the stock’s long-term potential. Despite positive analyst sentiment, Tesla’s stock experienced premarket declines, reflecting lingering investor concerns about competition, potential regulatory changes, and CEO Elon Musk’s public engagements. Analysts point […]
Read moreMarch 7, 2025 1:05 pm
Key moments Stock-picking hedge funds have averaged a mere 1% return this year following recent market sell-offs. The technology, media, and telecommunications sectors, where hedge funds held significant long positions, experienced the most acute declines. Multi-strategy hedge funds, despite consistent past performance, have incurred losses on 18 out of 29 trading days since January 27. […]
Read moreMarch 7, 2025 1:05 pm
Key moments Positive Phase 3 Data: TNX-102 SL demonstrates statistically significant pain reduction in fibromyalgia studies. Novel Treatment Approach: Sublingual formulation targets non-restorative sleep, a key factor in fibromyalgia pain. Anticipated FDA Decision: PDUFA goal date set for August 15, 2025, fueling investor optimism. Positive Phase 3 Trial Results Fuel Investor Confidence and Anticipation for […]
Read moreMarch 7, 2025 11:57 am
Key moments Pound Sterling Gains: GBP advances against the USD, approaching 1.2940 ahead of key US economic data. BoE Dissent: Catherine Mann argues against gradual policy easing amid heightened market volatility. USMCA Tariff Exemptions: President Trump postpones tariffs on certain goods from Canada and Mexico. GBP Tests 1.2940 as Markets Weigh BoE Dissent, USMCA Changes, […]
Read moreMarch 7, 2025 10:49 am
Key moments Intuitive Machines’ stock plummeted 50% in 24 hours after its Athena lander’s uncertain lunar touchdown. Shares, closing at $11.26 on Thursday, dipped below $8 post-market, reaching a $7.05 low on Friday. The Athena mission’s landing difficulties echo past issues with the Odysseus lander. This pattern of landing precision problems has significantly diminished investor […]
Read moreMarch 7, 2025 9:43 am
Key moments Sharp Price Increase: Arabica coffee futures, serving as a primary reference point for setting prices in the global coffee trade, experience an almost 70% surge since November, impacting global trade. Reduced Purchasing: Traders and roasters minimize purchases due to price volatility and retail resistance. Inventory Decline: Coffee warehouses report significantly reduced stock levels, […]
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