US markets closed higher on Thursday, reversing earlier weakness. The stock rise in Oracle, which powered tech stocks, and a favourable inflation report buoyed the markets.The S&P 500 ended 0.38% up. Dow Jones inched 0.24% higher. The tech-heavy Nasdaq index also closed 0.24% up in the green.Market moversOracle shares jumped…
The Nifty 50 Index pulled back on Friday as a knee-jerk reaction to the latest Israeli attack on Iran’s nuclear sites, which risks a widespread crisis in the Middle East. The index, which tracks the biggest Indian companies, dropped to a low of ₹24,460, its lowest level since May 8. Why…
The DAX and CAC 40 Index futures retreated by minus 1.70% on Friday as investors embraced a risk-off sentiment amid the ongoing geopolitical tensions in the Middle East.The CAC 40 Index dropped to €7,633 on Friday, down from last month’s high of €7,950. Similarly, the German DAX tumbled to €23,400,…
A wave of acute risk aversion swept through Asian financial markets at Friday’s open, sending stock indices tumbling across the region. The sharp downturn was a direct consequence of escalating geopolitical tensions in the Middle East, following reports that Israel had conducted a military strike on Iran, specifically targeting its…
The FTSE 100 Index continued its uptrend this week as economic data released by the Office of National Statistics (ONS) pointed to a potential interest rate cut by the Bank of England (BoE). It rose to a high of £8,885 on Thursday, a few points below the year-to-date high of…
Following significant growth in 2024, the US battery energy storage (BESS) market is experiencing a nationwide boom this year.Declining battery manufacturing costs are a key factor in the rapid expansion observed. Rystad Energy forecasts this downward trend to persist for the next five to seven years, driven by continuous design…
The long-simmering, complex conflict between Israel and Iran, a defining feature of the Middle East for decades, has violently erupted into a new and perilous phase. Previously characterized by indirect attacks and proxy engagements, the hostilities have dramatically escalated, culminating in Israel’s reported airstrikes on Iranian military targets and its…
European stock markets opened sharply lower on Friday, with investors reacting swiftly to a significant escalation of conflict in the Middle East following Israeli airstrikes on Iran. The pan-European Stoxx 600 index was down, and oil prices surged as concerns over regional stability and potential supply disruptions took center stage.About…
Iran will not be participating in the nuclear negotiations with the United States scheduled on Sunday, the country announced on state television on Friday in the wake of Israel’s airstrikes on Iran’s nuclear program and ballistic missile sites this morning.Iran has also launched retaliatory attacks with Israel claiming the country has…
The European Commission announced on Friday that European Union countries would need 241 billion euros ($278 billion) in investments to expand nuclear energy. The Commission also stated that new funding instruments would be necessary to mitigate the substantial financial risks for private investors, according to a Reuters report.Expanding capacity and lifespanThe…