Argentina’s financial markets rallied on Monday after President Javier Milei’s party outperformed expectations in the country’s legislative elections, reigniting investor optimism about his reform agenda. The stronger-than-forecast results offered a crucial boost to Milei’s ability to implement deep economic changes in one of South America’s most volatile economies. Argentina’s sovereign…
Dow futures rose about 260 points, or roughly 0.5% on Monday, driven by growing optimism over a potential US-China trade deal.This followed weekend discussions leading to a preliminary agreement to ease trade tensions, such as suspending tariffs and export restrictions.Investor sentiment was further boosted by anticipation of the Federal Reserve’s…
Offshore energy firm Petrofac has filed for administration after a year of financial strain and the termination of a major contract with Dutch grid operator TenneT, putting 2,000 jobs in Scotland at risk.The move puts one of the UK’s best-known energy engineering firms in jeopardy, although its North Sea operations…
The Nikkei 225 Index remains in a bull run, helped by numerous catalysts from Japan and other countries. It was trading at ¥49,300 on Friday, and odds are that it will keep soaring this week. It has jumped by 60% from its lowest point this year. Here are the key…
There are signs of a crypto bull run as Bitcoin and top altcoins bounced back. Bitcoin price jumped to $115,000 for the first time in weeks. Zcash jumped by 27% in the last 24 hours to $364, while Pi Network and Dash jumped by 15% and 22%, respectively.The market capitalization…
The Euro Stoxx 50 Index has been in a strong bull run this year and is hovering near its all-time high. It was trading at €5,675, a few points below the record high of €5,696, and 25% above the lowest level this year. Euro Stoxx 50 Index to react to ECB…
The IAG share price continues its rebound and is within touching distance of its all-time high. It was trading at 410p, its highest point since February 2020. It needs to rise by just 7.5% to hit its record high. Why IAG share price is soaringThe IAG stock price has experienced a…
The Deutsche Bank share price remains in a tight range as investors wait for its third-quarter financial results. DBK, the biggest bank in Germany, was trading at €29, down from the year-to-date high of €32.17. It is up by ~90% from its lowest point this year.Deutsche Bank earnings aheadDeutsche Bank…
PayPal stock remains in a tight range this month as traders waited for the upcoming earnings, which will provide more color on its long-running turnaround. PYPL was trading at $69.7, down by ~25% from its highest point this year.PayPal faces long-term stablecoin headwindsPayPal is one of the biggest payment processors…
Kering share price has gone parabolic in the past few months, making it one of the best-performing companies in the CAC 40 Index. It has jumped from a low of €147.20 in August to a high of €353 last week, which is a 140% jump. This article explores why the…