Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates. The sentiment was influenced by US jobs data, which provided a mixed picture of the labour market, and Federal Reserve meeting minutes indicating a cautious stance on future monetary policy…
Reliance’s share price has corrected by almost 22% from its 52-week high, and with the company set for a recovery phase, the stock has become extremely attractive in terms of valuation. India’s largest company by market capitalisation has seen a $50 billion reduction in market capitalisation since September 2024, driven by…
UK retailers are bracing for a significant cost increase in 2025, estimated at £7bn, due to higher employer national insurance contributions, the rise in the national living wage, and new packaging levies introduced in the government’s recent budget. The British Retail Consortium (BRC) and industry leaders have estimated an average…
Britain’s recent bond market turmoil has evoked unsettling comparisons not just to the Liz Truss mini-budget debacle of 2022, but, more significantly, to the nation’s crippling debt crisis of the 1970s. According to a report in Bloomberg, former Bank of England rate-setter Martin Weale points out that the current market…
The USD/JPY exchange rate has hovered at its highest level since July 17, after the latest Japanese wage income data. The pair, which is the third most popular forex cross, traded at 158.05, up by 13.25% from its lowest point in September 24. So, what next for the USD to…
The British pound plunged against the euro and the US dollar as the market placed bets that the Bank of England will embrace a more dovish tone this year. The EUR/GBP exchange rate rose to 0.8350, its highest level since November 26, while the GBP/USD pair fell to 1.2320, its…
The USD/CNY exchange rate continued rising, reaching its highest level since September 2023. It rose to a high of 7.3315 this week and is nearing its 2007 high of 7.5 as concerns about trade wars and the ongoing China’s deflation continues. China’s deflation and falling bond yields The USD/CNY surge…
Morningstar stock price had a strong performance in 2024 as it surged to a record high of $364 following several quarters of strong revenue growth. It has then suffered a big reversal, plunging by over 11.5% from its highest level last year. So, will the MORN shares continue falling or…
Nio stock price had another difficult year even as the company made strong progress in terms of market share and its future profitability. It started 2024 trading at $8.64, then plunged to $3.65, and then bounced back and found substantial resistance at $7.70. Nio’s performance mirrored that of most other…
eBay stock price went parabolic on Wednesday after the company received some good news from Meta Platforms, the biggest social media company globally. The stock surged to a high of $71.50, its highest point since November 2021, continuing a trend that started in October when it bottomed at $31. So,…