by Jibran Munaf | August 28, 2024 | Currencies, Finance, Market Analysis & Commentary, Markets, Stocks & Bonds
Global stock markets hovered near record highs on Wednesday as investors awaited crucial earnings results from Nvidia, a key player in the semiconductor industry. Meanwhile, the British pound reached a 2.5-year high as traders speculated that the Bank of England would...
by Vasu Jit Kalia | August 28, 2024 | Market Analysis & Commentary, Markets
At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the second consecutive day when the National Stock Exchange (NSE) benchmark closed above 25,000. Strong buying was seen in the midcap and...
by Jennifer George | August 27, 2024 | Markets, News, Stocks & Bonds
Despite the record high Dow Jones Industrial Average close on Monday, tech stock led by semiconductor giant Nvidia fell by 2.3%. This dip comes days before Nvidia’s earnings report, which has Wall Street buzzing for another bull run in the market. Competing chip...
by Jibran Munaf | August 26, 2024 | Commodities, Derivatives, Market Analysis & Commentary, Markets
Investors react to geopolitical uncertainties and hints of potential U.S. rate cuts. Asia-Pacific markets were mixed on Monday as tensions in the Middle East escalated, with Israel and Hezbollah exchanging strikes. At the same time, investors were digesting dovish...
by Jibran Munaf | August 25, 2024 | Commodities, News
Weaker U.S. jobs data and renewed ceasefire talks in Gaza weigh on oil market, despite a slight uptick in prices. Oil prices edged higher on Friday, but the market is on track to close the week with losses as concerns over U.S. demand and easing supply fears...
by Jibran Munaf | August 24, 2024 | Corporate Finance, Markets, News
India’s market regulator SEBI imposes trading ban and hefty fines on Anil Ambani and associates for alleged fraudulent activities in Reliance Home Finance. In a major crackdown, the Securities and Exchange Board of India (SEBI) has banned Anil Ambani, the former...
