March 10, 2025 12:06 pm
Key moments Sensex opens higher and experiences a rapid climb, surpassing 74,700 points, driven by positive global market signals. Financial, metal, and FMCG sectors lead market gains, reflecting broad-based investor confidence. Easing of foreign institutional investor (FII) selling and positive statements from US Federal Reserve officials contribute to improved market sentiment. Index Climbs Over 350 […]
Read moreMarch 10, 2025 10:37 am
Key moments XRP experienced a sharp decline, with its value falling by 7% and dipping below the $2.20 mark. Market anxieties, compounded by wider crypto market downturns and global economic uncertainties, contributed to the significant price reduction. During Monday’s trading session, XRP’s price reached a low of $2.0887. A substantial $730 million outflow from XRP’s […]
Read moreMarch 10, 2025 9:27 am
Key moments UBS analysts significantly lowered Tesla’s price target to $225 from $259. UBS revised Tesla’s Q1 2025 delivery forecast downwards, projecting a year-over-year and quarter-over-quarter decline. Zacks Research also adjusted Tesla’s EPS estimates downward for Q1 2025, reflecting broader analyst concerns about the company’s near-term financial performance. Tesla Stock Declines 3% Premarket, Following Stock’s […]
Read moreMarch 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 more
