Nomura no longer expects the Federal Reserve to cut interest rates in 2026, marking a hawkish shift from its earlier view that the central bank would deliver two reductions later in the year.The brokerage had previously forecast two 25-basis-point cuts, one in September and another in December. In a note…
British retail sales volumes fell by 1.3% in April every month, official data published on Friday showed, underscoring continued pressure on consumers amid geopolitical uncertainty and rising energy costs.Economists polled by Reuters had expected a smaller decline of 0.6% in sales volumes during the month. Compared with the same period…
Britain’s public finances recorded their biggest April shortfall since the COVID-19 pandemic, highlighting mounting fiscal pressures facing finance minister Rachel Reeves amid the economic fallout from the Iran war.Official figures released on Friday showed government borrowing during April rose 25% from the same month last year to 24.3 billion ($32.63…
The Vanguard S&P 500 Index (VOO) has jumped by over 7% this year, and is hovering at its all-time high. It has jumped by over 17% from its lowest level last year, while its inflows have jumped by over $58 billion this year. This article explores some of the top…
Hong Kong’s Hang Seng Index is underperforming its global peers this year as most Chinese technology giants struggle. It has dropped by over 8.4% from its highest point this year, while most indices like the Hang Seng, S&P 500, and the Dow Jones are hovering at their record highs. Hang Seng…
Brent crude oil price retreated for three consecutive days as traders watched the ongoing negotiations between the US and Iran. It also slipped after the United Arab Emirates (UAE) confirmed that its new oil pipeline was 70% complete. It dropped to $104.25, down by 13% from its highest point this…
Top AI tokens in the crypto industry are in a strong rally today, May 22nd, with Near Protocol, Worldcoin (WLD), Venice Token (VVV), Artificial Superintelligence Alliance (FET), and Internet Computer (ICP) being the top gainers. Their rally happened even as the broad crypto market pulled back amid the waning demand…
The FTSE 100 Index did relatively well this week, rising for four consecutive days and reaching its highest point since May 6 this year. It rose to £10,445 on Thursday, up slightly from the key support of £10,160. So, will the index continue rising as UK gilt yields drop?UK released…
Lenovo Group stock price went parabolic today, reaching its highest point on record as its artificial intelligence business fueled its growth momentum. It jumped to $15.72 in Hong Kong, up by 85% from its lowest point this year, making it the best gainer in the Hang Seng Index this year.Lenovo…
SoftBank stock staged one of its sharpest rallies in years on Thursday, jumping 20% in Tokyo and adding about $35 billion in market value after Nvidia’s results showed once again how strongly AI is driving global markets.The trigger came from California, where Nvidia reported a record quarter that beat already…