Chinese stocks surged to their highest level in two weeks on Friday, driven by growing hopes of fresh stimulus measures ahead of the Central Economic Work Conference next week. The CSI 300 Index, which tracks onshore stocks, rose as much as 1.9%, led by financial and technology shares. Meanwhile, a…
The IBEX 35 index has continued soaring and is hovering at its highest level since January 2010. It has jumped by almost 110% from its lowest level in March 2020, mirroring the performance of other global indices. ECB interest rate cuts The IBEX 35, which tracks the performance of the…
The FTSE MIB index has crawled back this week, rising in the past seven days and reaching its highest level since November 6. The index, which tracks the biggest companies in Italy, rose to €34,625, up by 6% from its lowest level in November. Why Italian stocks are soaring The…
The US labor market is poised for a significant rebound in November, following October’s storm-induced slowdown. Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net gain of 207,500 jobs. The Bureau of Labor Statistics (BLS) will release its November jobs report at 8:30 a.m. ET…
Unicredit share price has done well in the past few years, making it one of the best-performing global banks. The UCG stock has jumped by 680% from its lowest point in 2020, bringing its market cap to over €64.48 billion. It has become the 39th biggest bank in the world.…
European markets opened on a mixed note on Friday as investors digested a blend of corporate news and economic data. London’s FTSE 100 slipped by 0.13%, losing over 11 points to 8,338, while Germany’s DAX mirrored the trend, shedding 0.13%. In contrast, France’s CAC 40 climbed 0.28%, and Spain’s IBEX…
The oilfield services sector is likely to remain resilient in 2025 amid an improvement in business activity over the past three years, according to Deloitte’s 2025 Oil and Gas Industry Outlook. In the last decade, the oilfield services sector had lagged behind the rest of the oil and gas industry…
Much like gold, silver has had a stellar year so far. But, there is still room for more upside. Silver prices on COMEX have risen 32% since the beginning of the year, outstripping gold’s returns this year. Much like the yellow metal, silver has been buoyed by interest rate cuts…
The Organization of the Petroleum Exporting Countries and allies’ decision to reduce production of crude oil in 2016 and 2020 helped the US shale industry to become one of the leading energy exporters, said Igor Sechin, head of Russia’s largest oil producer Rosneft. Sechin, speaking at a forum in the…
The Organization of the Petroleum Exporting Countries and its allies on Thursday extended the voluntary crude oil production cuts of 2.2 million barrels per day till the end of March due to poor demand. The cartel held a ministerial-level meeting with its allies on Thursday via videoconference. OPEC in an…