BlackRock’s head of thematic and active ETFs, Jay Jacobs, expects artificial intelligence to unlock significant upside in infrastructure and cybersecurity stocks in 2025. “It’s still very early in the AI adoption cycle,” he said in a recent interview with CNBC. But artificial intelligence is a big enough tailwind that it…
The Euro Stoxx 50 index has staged a strong comeback in the past few days. The index, which tracks the biggest European companies, has risen in the past six consecutive days, reaching a high of €4,977, its highest point since October 29. It has jumped by about 6% from its…
Asian shares faced a turbulent start to the week as South Korea’s ongoing political upheaval and weaker-than-expected demand recovery in China weighed on investor sentiment. A regional equities gauge fell 0.3%, with South Korea’s Kospi index plunging as much as 2.3%. The smaller Kosdaq index tumbled over 4% to its…
Significant rallies in cryptocurrencies including Bitcoin have turned many into a believer. Even notable names like Jim Cramer are bullish on the world’s largest cryptocurrency by market cap and apparently have been so since 2020 when he first secured exposure to the BTC. But it hasn’t been the giants like…
Ethereum price held steady at the crucial resistance level at $4,000 as the sentiment in the crypto industry improved. ETH, the second-biggest crypto in the industry, was trading at $3,985 as traders remained optimistic. Ethereum price technical analysis The weekly chart shows that the ETH price has done well in…
The EUR/CHF exchange rate continued its strong downtrend as focus shifted to the upcoming European Central Bank (ECB) and Swiss National Bank (SNB) interest rate decision. It retreated to 0.9276 on Monday, down by 6.57% from its highest level this year. European Central Bank decision The main catalyst for the…
The South African rand has softened a bit recently, joining other emerging market currencies like the Turkish lira and the Chinese yuan. The USD/ZAR exchange rate was trading at 18, up by 5.86% from its lowest level this year. South Africa’s potential political crisis The USD/ZAR pair has bounced back…
The Zimbabwe ZiG currency has stabilized a bit in the past few weeks, helped by the central bank actions and higher gold prices. The official USD/ZIG exchange rate was trading at 25.6 on Monday, down from the year-to-date high of almost 30. According to ZimPriceCheck, the black market rate was…
The Hang Seng index held steady after another weak Chinese economic report. The index, which tracks the biggest companies in Hong Kong, was trading at H$19,755, up 3.5% from its lowest level this month. China deflation continues The Hang Seng index remained on edge after data by China’s statistics agency…
The Euro Stoxx 50 index has staged a strong comeback in the past few days. The index, which tracks the biggest European companies, has risen in the past six consecutive days, reaching a high of €4,977, its highest point since October 29. It has jumped by about 6% from its…