The Chinese yuan is on track to hit record lows as global investment banks forecast continued depreciation, spurred by mounting tariff threats from US President-elect Donald Trump. Analysts predict that new US tariffs, potentially reaching 60% on Chinese imports, could drive the yuan to its weakest level in decades, posing…
In a turbulent global economic landscape, India’s equity markets are emerging as a beacon of resilience. While Donald Trump’s re-election has sparked a rally in US stocks, most major global markets in Europe, Asia, and the Middle East are grappling with declines. Against this backdrop, India’s markets stand strong, delivering…
Donald Trump’s pledge to impose tariffs of up to 20% on global imports, with even higher rates for China and Mexico, could have significant implications for British exporters. With the United States serving as a primary market for UK goods like Land Rovers, machinery, chemicals, and pharmaceuticals, Britain faces unique…
Indian equity markets faced a sharp sell-off on Thursday, November 28, as the Sensex plunged 1,000 points and the Nifty dropped 1.35%. Weakness in IT and auto stocks, along with global macroeconomic concerns, weighed heavily on investor sentiment. The combination of a stronger US dollar, subdued global growth outlook, and…
Direct Line Insurance Group’s shares jumped by as much as 38% on Thursday on the back of news that Aviva has made a £4.1 billion takeover bid for it that Direct Line has rejected, calling it “opportunistic” and undervaluing the company. The share price surge made Direct Line the top…
The KOSPI index index remained under pressure on Thursday after the Bank of Korea delivered its second interest rate cut of the year. The index, which tracks the biggest companies in South Korea, retreated to KRW 2,505, down by 25% from its highest level in 2021. Bank of Korea rate…
The CAC 40 index has remained in a deep correction this week amid concerns about politics and exposure to the Chinese market. The index, which tracks the biggest firms in France, has dropped for six consecutive weeks and is hovering at its lowest level since August 5. It has retreated…
The Kering share price continued its strong downtrend this week as concerns about the luxury goods giant continued. KER, the parent company of Kering, Saint Laurent, and Bottega Veneta, slumped to €220, down by over 70% from its highest level in 2021. The fall of Gucci’s parent continues Kering is…
The LVMH share price has been in a strong bearish trend in the past few months as concerns about growth continued. It plunged to a low of €564.8, its lowest level since July 2022. It has dropped by over 33% from its highest level this year, moving into a deep…
The Stellantis share price has been in a strong freefall in the past few months. It has dropped for eight consecutive months and is hovering at its lowest level since January 2023. It is down by over 52% from its highest level this year, making it one of the worst-performing…