May 22, 2025 9:40 am
Key Moments: Italy’s securities watchdog, CONSOB, imposed a 30-day suspension of UniCredit’s Banco BPM takeover bid. UniCredit has challenged government conditions surrounding the deal, calling them unfeasible. UniCredit’s shares tumbled 1% on Thursday, while Banco BPM’s stock declined by around 0.7%. Regulators Freeze UniCredit’s Acquisition Attempt Italy’s securities regulator has paused UniCredit’s over $10 billion […]
Read moreMay 22, 2025 6:49 am
Key Moments: Bitcoin rallied to record-high figures above $111,000 on Thursday. The surge followed progress on the stable coin-focused GENIUS Act bill’s backing by the Trump administration. Institutional appetite grew, with Strategy purchasing $765 million in Bitcoin this week. Bitcoin Jumps Past Previous Peak Amid Legislative Tailwinds Bitcoin climbed beyond the $111,000 mark on Thursday. […]
Read moreMay 21, 2025 11:58 am
Key Moments: On Tuesday, Target reported Q1 adjusted EPS of $1.30 and revenue of $23.85 billion, both missing analyst expectations. GAAP EPS, meanwhile, reached $2.27, surpassing the estimated $1.64. The company’s stock sank 4.1% in pre-market trading following the publication of the financial report. Target now anticipates that sales will decline in FY 2025. Quarterly […]
Read moreMay 21, 2025 10:39 am
Key Moments: WTI futures rose 1.23% to $62.79 per barrel on Wednesday. The Brent benchmark, meanwhile, gained 1.12% and reached $66.11 per barrel The spike followed reports of possible Israeli military action against Iran. Oil Markets React to Geopolitical Risks Crude oil benchmarks moved higher on Wednesday following a CNN report citing newly acquired US […]
Read moreMay 21, 2025 8:22 am
Key Moments: The STOXX Europe 600 fell 0.17% to 553.11, with auto and retail sectors leading declines. Julius Baer dropped by 5% to €54.46, dragging the index. JD Sports Fashion briefly sank to the bottom of the STOXX 600 after slipping more than 8%. Broad Market Pullback Wednesday witnessed a widespread decline of European equity […]
Read moreMay 20, 2025 12:51 pm
Key Moments: The rupee traded 0.2% weaker on Tuesday at 85.5210 per USD amid dollar bids from foreign banks India’s infrastructure output rose just 0.5% year-over-year in April, the slowest increase in eight months. Declines in the crude oil (down 2.8%) and refinery (down 4.5%) sectors dragged down overall output. Rupee Slips on Dollar Demand […]
Read moreMay 20, 2025 9:57 am
Key Moments: Honda has withdrawn its 2030 target of EVs making up 30% of its global sales. The company has cut its electrification investment plan by 3 trillion yen ($21 billion). Honda’s US shares rose 0.34% to $29.37 during pre-market hours. Honda is Scaling Down Its EV Investments as Sales Headwinds Alter Strategic Spending Plans […]
Read moreMay 19, 2025 2:40 pm
Key Moments: The NZD/USD pair rose to 0.5915 on Monday, boosted by a depreciation of the US dollar. The April Performance of Services Index of New Zealand fell to 48.5, while the Producer Price Index revealed that input and output prices increased by 2.9% and 2.1%, respectively. Key New Zealand economic data releases this week, […]
Read moreMay 19, 2025 12:35 pm
Key Moments: Ethereum dropped over 6.75% to around 2,395 amid a surge in trading volume and market-wide weakness. More than $200 million in long positions were liquidated, contributing to sharp price declines for ETH. The total value of the cryptocurrency market decreased by approximately 1.40%, settling at $3.25 trillion. Market-Wide Risk Sentiment Sparks ETH Downturn […]
Read moreMay 19, 2025 8:44 am
Key Moments: The STOXX 600 index dropped by 0.54% on Monday, the first decline in around five weeks. Luxury stocks fell after China’s April retail sales disappointed markets. Eurozone bond yields have climbed, with Germany’s 10-year yield reaching 2.60%. Market Pullback Ends Winning Streak European stocks experienced a decline on Monday, weighed down by an […]
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