May 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Key Moments: Honda has withdrawn its 2030 target of EVs making up 30% of its global sales.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 […]
Read moreMay 19, 2025 7:46 am
Key Moments: Brent crude futures fell 56 cents to $64.85 on Monday. WTI oil also dropped, falling 0.89% to $61.42. Moody’s downgraded the United States’ creditworthiness due to rising national debt China’s factory output growth fell last month, as did the climb in retail sales. The former stood at 6.1%, while the latter dropped to […]
Read moreMay 16, 2025 2:46 pm
Key Moments: Benchmark 10-year Treasury yield declined to 4.394%. April witnessed US single-family housing starts slip 2.1% due to tariffs and elevated mortgage rates. Multi-family construction picked up, however, climbing by 10.7%. The US Dollar Index recovered to 101.014, poised for a weekly gain. Bond Market Reacts to Housing Weakness US Treasury yields dropped on […]
Read moreMay 16, 2025 12:37 pm
Key Moments: Lars Fruergaard Jørgensen has announced plans to step down from his position as Novo Nordisk CEO. “Market challenges” were cited as the main reason behind his departure. The company’s US-listed stock dropped 5% during pre-market trading, while the shares on Nasdaq Copenhagen declined by 3.8%. CEO Departure Novo Nordisk (NOVC-FF) revealed on Friday […]
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