A powerful and dazzling rally in the world of high fashion has sent European markets soaring on Wednesday, as a stunning surge in the continent’s biggest luxury brands decisively banishes the gloom that had been cast by a renewed US-China trade spat. This roar of opulence, coupled with a timely…
If you have ever wondered how some traders are making smart moves even when the market feels unpredictable, the answer often lies in technology and not luck. One such technology is quant trading and platforms like MasterQuant, which use advanced automation to analyse data and make decisions faster than any…
The Rolls-Royce share price has pulled back in the past few days, moving from the year-to-date high of 1,195p to the current 1,115p, as investors book profits as they wait for the upcoming trading update in November. So, will the stock crash to 1,000p or rebound to 1,200p?Rolls-Royce share price…
Burberry share price jumped by 6.50% on Wednesday as investors reacted to the latest earnings from LVMH, the biggest company in the industry. BRBY stock jumped by 6% to 1,235p, up from last month’s low of 1,150p.Burberry share price jumps after the strong LVMH numbersThe main reason why the Burberry…
Alphabet’s autonomous vehicle unit, Waymo, announced plans to bring its robotaxi services to London, marking its first foray into the European market. The company said on Wednesday that it will begin test drives on London streets in the coming months, with human safety specialists at the wheel. Pending regulatory approvals…
It seems like there is no stopping gold’s current rally. Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve. Analysts have repeatedly pointed out the overbought conditions in gold. However, the bulls have shrugged…
Following US sanctions on an import terminal in eastern China, trading firms have redirected at least five crude oil tankers from a major port in the region, according to a Reuters report.US sanctions have forced refiners to alter plans for unloading cargo at Lanshan port in Shandong province, leading to…
A UK court has dismissed a $440 million lawsuit against Japan’s SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital.Judge Robert Miles of London’s High Court found that SoftBank’s activities in transactions dealing with Katerra, a US construction firm backed by the Japanese conglomerate, were…
London-based Nscale, backed by Nvidia, has struck a deal worth up to $14 billion with Microsoft to deploy roughly 200,000 Nvidia GB300 chips, marking one of the largest GPU infrastructure agreements in the global AI race. The partnership cements Nscale’s position as one of Europe’s fastest-growing data centre providers and…
Dow futures edged higher on Wednesday as investors look optimistic over a potential Federal Reserve rate cut and strong performance in chip stocks.The futures tied to Dow Jones Industrial Average gained 0.4%, while S&P 500 and Nasdaq 100 futures advanced 0.6% and 0.8%.The stabilisation on Wall Street comes after a…