British retailers continued to report weak sales activity in May as consumer demand remained under pressure, although the downturn was less severe than the record decline seen a month earlier, according to figures released by the Confederation of British Industry on Tuesday.The CBI’s monthly retail sales balance improved to -46…
Siemens Energy share price has surged in the past few years, making it one of the best-performing companies in the DAX Index. It recently peaked at €191, a record high, bringing its 12-month gains to 112%. The DAX has jumped by 5% in the same period.From near bankruptcy to thrivingThe…
Brent crude oil price rose a bit on Tuesday as the US launched strikes against some Iranian targets and as Israel’s Benjamin Netanyahu urged the military to strike Hezbollah targets in Lebanon. It was trading at $95, a few points above this week’s low of $93.45, and a double-top pattern…
Asian stock indices jumped on Monday morning as market participants predicted that the US and Iran will extend the ceasefire by 60 days. In Japan, the Nikkei 225 Index jumped by 2.85%, extending the gains made last week and reaching a record high. It was trading at 65,110 yen, up…
Ryanair said it had repaid its final outstanding bond, leaving the Irish low-cost carrier effectively debt-free for the first time since it listed on the stock exchange in 1997.The airline repaid a 1.2 billion euro unsecured eurobond issued in May 2021, a company statement said.The move means Ryanair’s entire fleet…
The NZD/USD exchange rate pulled back today, May 25, as forex traders for the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision, which happens on Wednesday this week. It retreated to 0.5872, down by nearly 2% from its highest point this month.RBNZ interest rate decision aheadThe main catalyst…
The West Texas Intermediate (WTI) crude oil price retreated sharply, reaching its lowest level since May 7, as investors waited for the potential deal between the United States and Iran. WTI dropped to $92, down sharply from this month’s high of $110.92. Crude oil prices plunge amid US-Iran deal hopesThe WTI…
Silicon Valley is heading toward what could become one of the most consequential listing waves in modern market history, with artificial intelligence heavyweights SpaceX, OpenAI, and Anthropic preparing to enter public markets at valuations that could redraw the hierarchy of global corporations.After several subdued years for technology listings, the expected…
The S&P 500 Index remains in a bull market and is trading at a record high, driven by numerous catalysts: strong corporate earnings and investors moving past the Iran war, mirroring their response to the Ukraine war. It ended last week at $7,473, and continued the uptrend on RWA platforms like…
President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be a loss to the United States.Top Trump allies blast US-Iran dealIn a Truth Social post, Trump said that details of…