May 23, 2025 9:37 am
Key Moments: The EUR/USD pair surged 0.6% and above 1.1340 on Friday, marking the euro’s highest level since early May. Germany’s Q1 GDP growth now stands at 0.4% on strong consumption and investment activity. Markets forecast that the ECB will initiate interest rate cuts in early June. Euro Strength Supported by Germany’s Surprising Momentum The […]
Read moreMay 22, 2025 2:42 pm
Key Moments: Advance Auto Parts (AAP) shares jumped 43.15% after Thursday’s opening bell The company reported an adjusted first-quarter loss of $0.22 per share, significantly outperforming analysts’ expectation of a $0.78 loss. Advance Auto Parts maintained a full-year EPS forecast of $1.50-2.50. Total revenue is expected to range from $8.4 billion to $8.6 billion. Stock […]
Read moreMay 22, 2025 2:13 pm
Key Moments: US natural gas futures dropped by over 2% today as output remained higher than expected and LNG feed gas demand dipped. Gas inventories stood about 4% above the five-year seasonal average. May’s LNG feed gas flows hit 15.1 bcfd, a decline from April’s peak of 16.0 bcfd due to maintenance at export plants. […]
Read moreMay 22, 2025 11:54 am
Key Moments: The euro slid 0.26% against the greenback on Thursday. May witnessed the Eurozone’s Composite PMI dip to 49.5, exerting pressure on the EUR/USD. The Dollar Index rose 0.12% following news of Trump’s tax and spending bill being passed in the US House. Euro Tumbles After PMI Data Signals Economic Contraction The euro lost […]
Read moreMay 22, 2025 11:08 am
Key Moments: In May, the Eurozone Composite PMI dropped to 49.5. Manufacturing edged up to 49.4, but the services sector weakened with its PMI sinking to 48.9. European equities declined on Thursday, as the STOXX 600 fell by 1%. Eurozone Growth Falters as PMI Readings Signal Economic Slumps Fresh data from the HCOB Purchasing Managers’ […]
Read moreMay 21, 2025 2:41 pm
Key Moments: Baidu reported Q1 revenue of $4.47 billion, a 3% improvement from 2024’s figures. The news caused the stock to jump by over 5% before it retreated. Adjusted earnings per ADS came in at $2.55, surpassing the $1.96 analyst consensus AI Cloud revenue increased 42% year-over-year, helping boost non-online marketing revenue to $1.30 billion […]
Read moreMay 21, 2025 1:43 pm
Key Moments: Platinum futures climbed to $1,072 t.oz., marking their highest level in 51 weeks. Chinese platinum imports in April reached a 12-month peak of 11.5 metric tonnes. Shenzhen-based Shuibei saw platinum retail outlets increase by 300% in a single month. Breakout Above $1,000 as Bullish Momentum Builds Platinum futures surged beyond the key $1,000 […]
Read moreMay 21, 2025 9:24 am
Key Moments: The Hang Seng Index climbed around 146 basis points on Wednesday. CATL shares jumped 9% in Hong Kong after yesterday’s debut surge of 16%. Morgan Stanley raised targets for major Chinese indexes. Broad Market Gains Led by Technology, Consumer, and Mining Stocks Markets in Hong Kong and mainland China closed higher on Wednesday, […]
Read moreMay 21, 2025 7:46 am
Key Moments: The British pound advanced toward 1.35 on Wednesday. Annual inflation in the UK came in at 3.5%, exceeding expectations and curbing BoE rate cut likelihood. The US Dollar Index dropped below the 100 threshold as trade tensions between Washington and Beijing continued to pressure the greenback. Sterling Rallies After Inflation Surge The British […]
Read moreMay 20, 2025 2:27 pm
Key Moments: Kazakhstan’s oil output increased by 2% in May, averaging 1.86 million barrels per day. The country’s production continues to exceed its OPEC+ quota of 1.486 million bpd for the current month. Futures contracts relating to WTI and Brent crude oil prices fell by over 0.7%. Strained Compliance with OPEC+ Limits Kazakhstan raised its […]
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