European equity markets saw a modest rise on Tuesday, with the pan-European STOXX 600 climbing 0.7%, bolstered by a 1.37% gain in technology stocks and a 1.25% rise in the basic resources sector. However, political instability in France continued to weigh on investor sentiment. France’s CAC 40 index, while up…
In November 2024, the S&P Global Brazil Manufacturing Purchasing Managers’ Index (PMI) fell to 52.3, from 52.9 in October. This result, while suggesting development in the industrial sector, represents the slowest expansion seen in the past three months. It is worth noting that the index has had a remarkable run,…
Donald Trump’s return to the White House promises a bold revival of tariffs, a policy he now considers his signature move.His proposed measures include a 25% tariff on goods from Mexico and Canada and an additional 10% levy on Chinese imports. While Trump argues these moves will protect American jobs and…
The Nasdaq Composite index rose to a record high on Monday, boosted by gains in Intel, Super Micro Computers and Tesla. At the time of writing, the Nasdaq Composite index was nearly 1% higher, while the S&P 500 index rose 0.2%. The Dow Jones Industrial Average was 0.3% lower on…
The yuan tumbled to its weakest level since November 2023, with both onshore and offshore trading seeing declines. This comes despite China’s central bank, the People’s Bank of China (PBOC), attempting to bolster sentiment by setting a stronger-than-expected daily reference rate on Tuesday. Traders remain unconvinced, as concerns over slowing…
Indian benchmark indices extended their winning streak on Tuesday, with the BSE Sensex climbing 450 points (0.56%) to 80,699.04 and the Nifty50 gaining 126 points (0.52%) to trade at 24,402. This marks the third consecutive session of gains, spurred by a rally in metal and financial stocks. The uptick followed…
Gold prices were steady on Tuesday as the yellow metal failed to capitalize on the previous session’s gains. Gold’s upside has been capped by a rising dollar. A stronger dollar makes the commodity more expensive for overseas buyers. The dollar had fallen briefly in the last trading session, but gained…
Crude oil prices held on to gains on Tuesday as the market waited with bated breath for the OPEC+ meeting on Thursday. Oil prices got some support from positive economic data from China. The country’s manufacturing activity rose slightly in November. This raised optimism about stronger demand for crude oil…