In a significant escalation of trade tensions, US President Donald Trump has threatened Brazil with 50% tariffs on their imports to the United States.The tariff threat seems like a regular part of Donald Trump’s playbook, but this time it looks like this is more than a trade matter.Trump’s latest threat,…
UBS announced a revised outlook on the global oil refining industry, anticipating a significant tightening of supply balances in the coming years. This adjustment is primarily attributed to two critical factors: widespread project delays in new refinery constructions and a series of additional refinery closures globally, according to an Investing.com report. These…
Zalando share price has crashed in the past few months and has formed a head-and-shoulders pattern, pointing to more downside. ZAL stock was trading at €28.30, down by 30% from its highest point this year, meaning it is in a bear market.Zalando share price technical analysisThe daily chart shows that…
QuantumScape stock price has staged a strong comeback and formed a golden cross this year. QS surged to a high of $8.50 on Tuesday, its highest level since July last year. It has soared by over 140% from its lowest level this year, pushing its market capitalization to over $4.5…
Lucid Group stock price jumped sharply on Tuesday after the company received a Guinness World Record. LCID jumped to a high of $2.30, its highest point since May 30th, and nearly 20% above the lowest point this year.Lucid Group stock jumps after Guinness World RecordThe main catalyst for the LCID…
A crypto rally is underway, with Bitcoin and most altcoins experiencing price increases this week. Bitcoin jumped to a record high of slightly below $112,000, while the market capitalization has soared to $3.47 trillion. This article explains why Bitcoin and altcoins are going up.Rising fear and greed indexThe primary reason…
The crypto market has embarked on a strong bullish trend this week, with Bitcoin and most altcoins being in the green. This bull run could continue as the US dollar index softens, Crypto Week nears, and Trump advocates for a 3% rate cut. This article provides a crypto price prediction of…
The Brazilian real cratered against the US dollar as trade relations between the US and the country weakened. The USD/BRL exchange rate rose to a high of 5.58, its highest level since June 9. It has jumped by 3.37% from its lowest point this year. Trump imposes tariffs on BrazilThe Brazilian…
The FTSE 100 Index has rebounded in the past three months, moving from a low of £7,542 in April to the current £8,855. It has jumped by over 17.40%, a few points below the all-time high of £8,893. The Footsie Index has jumped in line with the ongoing global indices surge.…
China’s ongoing policy efforts to curb excess industrial capacity could serve as a significant positive catalyst for both its equity markets and global trade, provided the measures are executed effectively, according to a new analysis from JPMorgan Chase & Co. The bank’s strategists believe these policies could pave the way…