Bayer share price pulled back to €27.6 on Tuesday as investors waited for its financial results. It has dropped by 7.3% from its highest level this year, and is about 50% above its lowest level this year. Bayer share price technical analysisThe daily chart shows that the Bayer stock price pulled…
US stocks have been in a sharp uptrend since early April, but a Wall Street veteran, Tom Lee, says they are poised to extend gains further in the weeks ahead.Historically, the month of August brings weakness in the benchmark S&P 500 index – but the head of research at Fundstrat…
Tensions between Washington and New Delhi have escalated as US President Donald Trump announced a sharp increase in tariffs on Indian imports, citing India’s continued purchases of Russian oil. The decision comes just days ahead of an August 8 deadline for Russia to agree to a truce with Ukraine, and…
The Nifty 50 Index remained in a tight range as Donald Trump threatened a higher tariff rate on Indian imports to the United States. The blue-chip Indian index was trading at ¥24,700 on Tuesday, a range it has remained in the past few days.A bet on TACOThe Nifty 50 Index…
Australia announced on Tuesday a financial aid package of A$135 million ($87.4 million) for two Nyrstar-owned smelters, a subsidiary of Trafigura. The initiative aligns with Australia’s goal of becoming a crucial supplier of critical minerals to Western allies, according to a Reuters report.Australia’s critical minerals pushAmid increasing concerns about supply chain…
BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts’ projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on BP’s preferred measure of underlying replacement cost profit, topped the $1.81 billion consensus forecast compiled by LSEG and marked a…
On Tuesday, Japan experienced its highest-ever temperature, reaching 41.8 degrees Celsius (107.2 degrees Fahrenheit). In response, the government recommended that residents remain indoors and pledged measures to mitigate weather-related damage to rice crops, according to a Reuters report.The country’s meteorological agency reported that Isesaki, an eastern city in Gunma prefecture, recorded…
Gold’s blockbuster rally in the first quarter of this year seems to have dissipated, and gains are expected to be limited in the coming months. Experts believe that positive fundamentals are likely to keep the gold market supported. However, gains are expected to remain limited despite significant expectations of US interest…
BP reported its most important oil and gas discovery in more than 20 years, an offshore find in Brazil that could change the course of the company’s strategy. The Santos Basin Bumerangue is the biggest strike the company has made since Shah Deniz in 1999 landmark that could rekindle investor…
Wayfair reported its strongest quarterly results since the pandemic-driven home furnishings boom, signaling a potential turnaround for the online retailer even as the broader furniture category continues to face headwinds.The development sent its shares soaring by more than 11%.For the second quarter ended June, the Boston-based company posted net revenue…