The USD/CNY exchange rate held steady this week in a low-volume environment because of the New Year celebrations. The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.…
The ASX 200 index had modest gains in 2024 as it continued to lag behind its American peers like the S&P 500 and Nasdaq 100 indices. It rose by about 7% in local currency terms and much lower in USD terms since the Australian dollar has crashed. So, how did…
The USD/CHF exchange rate has been up for four consecutive weeks and has been sitting at its highest level since July 2024, as US bond yields and the dollar surge. The pair rose to a high of 0.9071 on Tuesday, up by 7. It has formed a highly bullish inverse…
The NZD/USD exchange rate is down for five consecutive weeks, moving to its lowest level since October 2022. It dropped to 0.6530, down by over 11% from its highest level in 2024 and by 24% from the pandemic high. RBNZ and Fed divergence The New Zealand dollar has plunged as…
Duolingo stock price had a spectacular performance in 2024 as other edtech companies like Udemy and Coursera retreated. It jumped by over 43% after publishing strong financial results during the year. This rally pushed it to a record high of $365 and its market capitalization to over $15 billion. Duolingo’s…
Blackstone stock price had another solid performance as it outperformed the S&P 500 and Nasdaq 100 indices. BX jumped by 31% in 2024, pushing its market cap to over $212 billion and making it the biggest player in the alternatives industry. Blackstone’s business is thriving Blackstone, the biggest alternative asset…
Figs stock has lost momentum and remained in a consolidation phase in almost two years. It remained inside the support and resistance levels at $4.42 and $6.97 in this period, missing the strong stock surge in the United States. It was trading at $6.25, valuing the brand at over $1.12…
The unprecedented growth in India’s digital economy has also led to a significant expansion in India’s data center market. The growth has also been aided by the wider adoption of cloud services as well as the growth of the artificial intelligence sector, with governments stepping up to incentivize investment in…
In a devastating turn of events, a Jeju Air flight crashed at Muan International Airport on Sunday, claiming 179 lives and leaving only two survivors. The tragedy, now the deadliest air accident in South Korea’s history, has spurred the government into action, with acting President Choi Sang-mok ordering an immediate…
Equity markets across the Asia-Pacific region opened lower on Monday, tracking Wall Street’s weak finish last week. Higher US Treasury yields have been pressuring risk assets. The yield on the 10-year benchmark Treasury reached a near eight-month high of 4.63%, ending the year roughly 75 basis points higher than its…