Supermicro Stock Skyrockets 29% After Investigation Clears Fraud Allegations
Super Micro Computer (NASDAQ: SMCI), popularly known as Supermicro, saw its stock price soar by 29% on Monday, closing around $42 per share. This significant jump follows the conclusion of a governance investigation that found no evidence of fraud or misconduct, boosting investor confidence. Investigation Findings: No Fraud or Misconduct The investigation, initiated by a […]
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data
Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data Asian equities fell on Friday as geopolitical concerns and strong economic data from Japan weighed on sentiment. The escalation of the Russia-Ukraine conflict further dampened risk appetite, while China’s tech sector provided a rare bright spot amid easing regulatory fears. Key Market Highlights […]
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build
WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while […]
Gold Prices Remain Under Pressure as Stronger USD Weighs Ahead of Fed Decision
Gold Prices Remain Under Pressure as Stronger USD Weighs Ahead of Fed Decision Gold (XAU/USD) continues to trade lower for the second consecutive session on Thursday, impacted by a stronger U.S. Dollar following former President Donald Trump’s victory in the recent U.S. election. The dollar-denominated precious metal is seeing diminished safe-haven appeal as market optimism […]
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction
Gold Price Holds Steady Near Record High, Awaits US Macro Data for Direction Gold price (XAU/USD) remains robust as it approaches the European session on Tuesday, trading just above the $2,750 mark and close to last week’s all-time high. Geopolitical risks and political uncertainties in the US continue to boost demand for the safe-haven metal. […]
WTI Struggles Below $70 Amid Demand Concerns and USD Strength
WTI Struggles Below $70 Amid Demand Concerns and USD Strength West Texas Intermediate (WTI) crude oil prices are hovering just below the $70.00 mark during Tuesday’s Asian session, remaining in a tight range around $69.70-$69.75. The commodity has struggled to build on the previous day’s modest gains and stays near the three-week low it touched […]
WTI Inches Higher to $70.50 Amid US Oil Stock Decline
WTI Inches Higher to $70.50 Amid US Oil Stock Decline West Texas Intermediate (WTI) crude oil prices continue to rise for the second consecutive day, trading around $70.40 per barrel during Friday’s Asian session. The upward momentum in oil prices is primarily driven by an unexpected drop in US crude oil inventories. The Energy Information […]
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close
Japan Stocks Climb as Nikkei 225 Gains 2.01% at Close Japanese stocks ended higher on Thursday, led by strong performances in the Mining, Chemical, Petroleum & Plastic, and Real Estate sectors. The Nikkei 225 index surged by 2.01%, marking a strong session. Top performers of the day included M3 Inc. (TYO:2413), which saw an impressive […]
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand
WTI Crude Oil Steady Near $69.50, Limited Downside Due to Rising US Oil Demand West Texas Intermediate (WTI) crude oil prices remained subdued, hovering near $69.60 per barrel during Thursday’s Asian session. However, the downside appears limited as strong US fuel demand and shrinking stockpiles provide support. The US Energy Information Administration (EIA) reported a […]
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors
Intel Leads Dow Jones as Top Gainer Amid $5 Billion Apollo Investment Rumors Intel (INTC) emerged as the top performer in the Dow Jones Industrial Average (DJIA) on Monday, outperforming major companies like Visa (V), Walmart (WMT), and Boeing (BA). The semiconductor giant’s shares surged by 3.3% on reports that Apollo Global Management is in […]
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move
Gold Price Holds Steady Near Record High, Awaits Fed Cues for Next Move Gold price (XAU/USD) continues its sideways consolidation for the second consecutive day on Tuesday, remaining in a narrow range around the $2,500 psychological level as the European session approaches. A generally positive sentiment across global equity markets is acting as a headwind […]
Gold Price Awaiting US Macro Data for Potential Gains
Gold Price Awaiting US Macro Data for Potential Gains Gold prices (XAU/USD) saw a decline on Wednesday as investors adjusted their expectations for the Federal Reserve’s (Fed) policy after the release of US consumer inflation data. However, persistent geopolitical tensions in the Middle East, expectations of the Fed initiating a rate-cutting cycle soon, and a […]
Asian Shares Rise, Kiwi Slumps as New Zealand Cuts Rates
Asian Shares Rise, Kiwi Slumps as New Zealand Cuts Rates Asian shares climbed on Wednesday following softer-than-expected U.S. producer price data, which bolstered hopes for mild consumer price inflation. Meanwhile, the New Zealand dollar (kiwi) tumbled after the Reserve Bank of New Zealand (RBNZ) cut interest rates for the first time since early 2020. European […]
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]
Topix and Nikkei Hit Record Highs in Japan Stock Rally
Topix and Nikkei Hit Record Highs in Japan Stock Rally Japan’s Topix stock index surged past its bubble-era peak to reach a record high, signaling a broad-based rally beyond just a few stocks. The benchmark index rose as much as 0.6% to 2,890.52, exceeding the previous intraday record set in December 1989. Most of the […]
Asian Shares and US Futures Fall on Tech Losses
Asian Shares and US Futures Fall on Tech Losses Asian shares fell alongside European and US stock-index futures after Micron Technology Inc.’s sales outlook missed the highest forecasts, impacting major tech companies in late Wall Street trading. Stocks in Japan, Hong Kong, South Korea, and China all declined, pushing the MSCI Asia Pacific gauge toward […]
Asian Stocks Climb Following Wall Street, Nvidia Falls Amid Cooling AI Hype
Asian Stocks Climb Following Wall Street, Nvidia Falls Amid Cooling AI Hype Asian stocks experienced a rise on Tuesday, even as mixed results were observed on Wall Street, primarily due to a further decline in Nvidia amid cooling enthusiasm for artificial intelligence (AI) stocks. Despite the fall of this tech giant, the majority of U.S. […]
Chinese Bond Market Heats Up: Firm Considers 50-Year Sale
Amid an unprecedented boom in bond issuance as borrowing costs plummet to record lows, a state-owned Chinese firm is contemplating an unprecedented offering of a 50-year note. This potential issuance would mark the nation’s longest corporate debt tenor if it comes to fruition. Wuxi Industry Development Group Co., which is owned by the Wuxi city […]