The United States has announced a sweeping naval blockade targeting Iranian-linked shipping in the Strait of Hormuz, marking a significant escalation in the conflict after peace talks over the weekend failed to produce a breakthrough.President Donald Trump said on Sunday that the US Navy would begin blocking vessels entering or…
Hungary opened a new political chapter on Monday after opposition leader Peter Magyar swept Viktor Orbán from power.The elections ended the nationalist prime minister’s 16-year rule and raised hopes in markets that Budapest could finally begin repairing relations with Brussels and revive a weak economy.The immediate reaction was upbeat as…
Markets are starting the week in a distinctly defensive mood.The collapse of US-Iran talks has put oil back at the center of the global macro story, reviving inflation fears and knocking risk appetite across Asia.At the same time, politics is shaping a second market narrative in Europe, where Viktor Orbán’s…
Copper price has rallied back within the bullish channel that shaped its movements for months prior to the US-Iran war. The gains recorded late last week signals financial markets’ overconfidence over the ceasefire agreement. However, the “unreasonable” US demands that hindered successful negotiations over the weekend are likely to burst…
The Goldman Sachs stock price has rebounded and is moving closer to its all-time high as the company prepares to release its first-quarter results on Monday. GS jumped to $910, a few points below the all-time high of $977. Goldman Sachs earnings previewGoldman Sachs, one of the most prestigious companies in…
The Nikkei 225 Index pulled back slightly on Monday, paring back some of the gains made in the past few weeks as energy prices rebounded following Donald Trump’s plan to blockade the Strait of Hormuz. It retreated slightly to ¥56,400 from last week’s high of ¥57,405.Japanese stocks retreat as crude…
Inflows into Indian equity mutual funds surged 56% month-on-month to an eight-month high of 404.5 billion rupees ($4.36 billion) in March, as retail investors continued to pour money into equities even as uncertainties centring around the Iran war weighed on sentiment, data from the Association of Mutual Funds in India…
As the first-quarter (Q1) earnings season shifts into high gear next week, investors are bracing for a wave of data from nearly 6% of the benchmark S&P 500 index.While heavy hitters like Netflix Inc and JPMorgan dominate the headlines, seasoned traders are looking at a specific subset of companies: those…
A major shift is happening in the stock market as investors flee the popular SPDR S&P 500 (SPY) ETF and rotate to its biggest competitors this year. SPY, which is the oldest ETF, has been losing assets in the billions, a trend that is accelerating. Data shows that the fund has…
DocuSign stock price dropped by nearly 6% on Friday after Citi analysts downgraded it and other popular software companies. DOCU has now plunged from the all-time high of $324 in 2021 to $42 today. So, is it a bargain or a value trap?Citi downgrades DocuSign stock In a report to clients,…