by Jennifer George | August 6, 2024 | Breaking, Currencies, Markets, Stocks & Bonds, Trending Now
As world markets crashed on Monday, millions of investors witnessed a market phenomenon that resonated with premonitions of the 2008 financial crash. Global investors engaged in rampant yen carry trades in since 5th August, causing the Nikkei and Nasdaq to tank to...
by Jibran Munaf | August 6, 2024 | Commodities, News, Trending Now
Oil prices rose sharply in early Asian trade on Tuesday, recovering from the previous session’s losses as escalating Middle East tensions fueled supply fears. This comes despite concerns about a potential U.S. recession that could dampen demand in the...
by Jibran Munaf | August 6, 2024 | Breaking, Economy, Markets
Emaar, Emirates NBD, and DIB saw massive drops alongside shares in ADX and Tadawul as global markets are affected by investor sentiments with Wall Street’s ‘fear index’ reaching its highest level in four years. The Dubai Financial Market (DFM), Abu Dhabi Securities...
by Vasu Jit Kalia | August 5, 2024 | Stocks & Bonds
India’s largest insurance company Life Insurance Corporation of India (LIC) purchased stocks worth Rs 17,000 crore in the June Quarter. LIC is one of the biggest institutional investors in the Indian stock market. Apart from LIC, in the April-June period, mutual...
by Jibran Munaf | August 5, 2024 | Economy, News, Stocks & Bonds, Trending Now
Japan’s benchmark Nikkei Stock Average recorded its worst-ever daily sell-off on Monday, losing 4,451.28 points from the previous day’s closing amid panic selling triggered by fears of a possible U.S. recession and the yen’s strength. The average in...
by Vasu Jit Kalia | August 5, 2024 | Markets, Stocks & Bonds
A disappointing job scenario in the US coupled with the fear of a reverse Yen carry trade, following an interest rate hike in Japan, led Asian markets to crash on Monday. However, the Indian benchmark indices showed resilience compared to its peers, down around 2.5...
