financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
World >
Market >
Update: Gold Rises to a Fresh Record as Safe-Haven Buying Continues Ahead of the U.S. Election
Update: Gold Rises to a Fresh Record as Safe-Haven Buying Continues Ahead of the U.S. Election
Oct 31, 2024
02:00 PM EDT, 10/30/2024 (MT Newswires) -- (Updates prices.) Gold rose to a fresh record high midafternoon on Wednesday, spurred on by continued safe-haven buying ahead of the U.S. election, while a report showed an unexpectedly large rise in U.S. private-sector employment. Gold for December delivery was last seen up US$20.00 to US$2,801.10 per ounce, rising off Tuesday's record close...
Top Midday Stories: Google Reports Better-Than-Expected Q3 Earnings; Ernst & Young Resigns as Super Micro's Accounting Firm
Top Midday Stories: Google Reports Better-Than-Expected Q3 Earnings; Ernst & Young Resigns as Super Micro's Accounting Firm
Oct 30, 2024
11:51 AM EDT, 10/30/2024 (MT Newswires) -- All three major US stock indexes were up in late morning trading Wednesday, led by the Nasdaq Composite, which hit a new high as investors digested better-than-expected earnings from Alphabet (GOOG, GOOGL). In company news, Alphabet reported Q3 earnings late Tuesday of $2.12 per diluted share, up from $1.55 a year earlier and...
Equities Rise Intraday Ahead of Microsoft, Meta Earnings
Equities Rise Intraday Ahead of Microsoft, Meta Earnings
Oct 31, 2024
01:43 PM EDT, 10/30/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday as investors evaluated the latest corporate earnings and economic data ahead of Microsoft ( MSFT ) and Meta Platforms' ( META ) results. The Dow Jones Industrial Average was up 0.3% at 42,351.2 after midday Wednesday, while the S&P 500 and the Nasdaq Composite rose 0.1%...
Sector Update: Tech Stocks Fall Wednesday Afternoon
Sector Update: Tech Stocks Fall Wednesday Afternoon
Oct 31, 2024
01:49 PM EDT, 10/30/2024 (MT Newswires) -- Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.1% and the SPDR S&P Semiconductor ETF (XSD) slumping 3.2%. The Philadelphia Semiconductor index dropped 2.9%. In corporate news, Alphabet (GOOG) shares popped 4% after it reported overnight a year-over-year jump in Q3 earnings and revenue. Super Micro...
Environment >
Technology >
Personal Finance >
Politics >
Retail >
Business >
Spain's Puig sets IPO price at 24.5 euros a share, top of range
Spain's Puig sets IPO price at 24.5 euros a share, top of range
Apr 30, 2024
MADRID, April 29 (Reuters) - Spanish beauty group Puig said on Tuesday it had set the final price for its initial public offering (IPO) at 24.50 euros a share, at the top of its announced range, implying a market capitalisation of 13.9 billion euros ($14.84 billion). ($1 = 0.9366 euros) ...
MFE's motion for ProSieben spin off falls just short at AGM
MFE's motion for ProSieben spin off falls just short at AGM
Apr 30, 2024
BERLIN, April 30 (Reuters) - A proposal from ProSiebenSat.1 top investor MFE-MediaForEurope to split off the German media group's e-commerce and online dating ventures from its TV operations narrowly failed to get the required shareholder backing on Tuesday. Some 70.95% of shareholders voted in favour of MFE's proposal, falling short of the 75% threshold required for the motion to pass....
Block Faces Medium-Term Growth Challenges for Cash App Service, Morgan Stanley Says
Block Faces Medium-Term Growth Challenges for Cash App Service, Morgan Stanley Says
Apr 30, 2024
12:42 PM EDT, 04/30/2024 (MT Newswires) -- Block (SQ) is facing growth challenges in the medium term, particularly for its Cash App service, Morgan Stanley said in a report Tuesday ahead of the company's Q1 results. The firm said investors have been generally upbeat heading into the print as they look for an upward revision to 2024 EBITDA guidance and...
Market Chatter: German Labor Union to Start Negotiations With Carlyle in May Over Thyssenkrupp Unit Stake Sale
Market Chatter: German Labor Union to Start Negotiations With Carlyle in May Over Thyssenkrupp Unit Stake Sale
Apr 30, 2024
12:40 PM EDT, 04/30/2024 (MT Newswires) -- The IG Metall labor union will start negotiations with Carlyle Group ( CG ) in May over the firm's plan to acquire a majority stake in Germany's Thyssenkrupp Marine Systems, Reuters reported Tuesday, citing a newsletter it had seen. The sides reportedly held preliminary talks over the sale, with the union agreeing to...
Economy >
Cryptocurrency >
Will Crypto Markets React to $2B Bitcoin Options Expiring 
Will Crypto Markets React to $2B Bitcoin Options Expiring 
Feb 13, 2025
Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2 billion. This week’s expiry event is a little smaller than last week’s, which had very little impact on spot markets, which have lacked luster despite the steady stream of bullish news emerging from the United States. Bitcoin Options Expiry This...
Why is the Ripple (XRP) Price Up Today?
Why is the Ripple (XRP) Price Up Today?
Feb 14, 2025
TL;DR XRP surged 10%, breaking market stagnation and surpassing Tether (USDT) to become the third-largest cryptocurrency. Its resurgence occurred shortly after the US SEC acknowledged Grayscales application to convert its XRP Trust into an ETF. Becoming a Top Performer Again The cryptocurrency market hasnt shown much action in the past 24 hours, with most leading digital assets charting mild increases...
Metaplanet to Join the MSCI Japan Index in February
Metaplanet to Join the MSCI Japan Index in February
Feb 13, 2025
Metaplanet, a Japanese Bitcoin investment firm, is set to be included in the MSCI Japan Index on February 28, a move expected to drive significant investment inflows. This development comes as the company’s stock continues to flourish in the Asian market, making it the fastest-growing equity in the country. Implications of the Milestone Simon Gerovich, CEO of Metaplanet, revealed the...
Binance Coin (BNB) Price Predictions for This Week
Binance Coin (BNB) Price Predictions for This Week
Feb 14, 2025
BNB surprised the market with a quick reversal. Key Support levels: $600 Key Resistance levels: $700 1. Massive Bounce off Key Support After BNB touch $500 for a brief moment in early February, the price shot up to $700 in less than 10 days. This reversal was abrupt and significant, confirming that the support at $600 is well defended by...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved