US stock futures were little changed on Friday as investors awaited a key reading on March inflation and monitored fragile diplomacy in the Middle East following recent tensions involving Iran. S&P 500 futures slipped about 0.08% in early trading, while Nasdaq 100 futures were down a similar 0.08%. Meanwhile, futures tied to the Dow Jones… Continue reading Dow futures plunge 100 points today: 5 things to know before market opens
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Porsche deliveries plunge 15% as China weakness hits luxury demand
Porsche’s global deliveries fell sharply in the first quarter, underlining the pressure facing premium carmakers as softer demand in China and the US collides with an uneven transition to electric vehicles and product changeovers across key markets. The sports-car maker handed over 60,991 vehicles in the first three months of the year, down 15% from… Continue reading Porsche deliveries plunge 15% as China weakness hits luxury demand
Here’s why the Nigerian naira is gaining against the US dollar
The Nigerian naira has done relatively well this year, despite the recent sell-off in emerging markets currencies amid the US war against Iran. The USD/NGN exchange rate dropped to 1,358 on April 10, down by 20% from its highest point in 2024. Why the Nigerian naira has soared There are at least three main reasons… Continue reading Here’s why the Nigerian naira is gaining against the US dollar
TSMC revenue jumps 35% as AI boom keeps chip demand resilient
Taiwan Semiconductor Manufacturing Co posted stronger-than-expected first-quarter revenue, offering fresh evidence that demand tied to artificial intelligence is still powering the global chip industry even as investors look for signs of a broader slowdown in electronics. The world’s largest contract chipmaker said revenue for the first three months reached T$1.134 trillion, a gain of 35% from a… Continue reading TSMC revenue jumps 35% as AI boom keeps chip demand resilient
FTSE 100 futures surge as Europe eyes higher open amid Iran tensions
European stock markets were poised to open higher on Friday, extending the cautious rebound seen in Asia, though sentiment remained fragile as investors monitored strains in the truce between the US and Iran and the risk of renewed volatility in oil prices. Futures for the FTSE 100, CAC 40 and DAX pointed to gains of… Continue reading FTSE 100 futures surge as Europe eyes higher open amid Iran tensions
What’s driving Fast Retailing stock to record highs today?
Fast Retailing stock surged to a record high after the earnings upgrade, rising as much as 9.3% to 73,740 yen on Friday and briefly touching 74,220 yen. The move made it the top performer on Japan’s Nikkei 225 index on Friday. After delivering a stronger-than-expected second quarter, the company raised its full-year profit forecast and… Continue reading What’s driving Fast Retailing stock to record highs today?
USD/ZAR forecast: South African rand surges as rising wedge activates
The South African rand has staged a strong comeback this week after the US and Iran’s ceasefire agreement that may ultimately lead to lower oil prices in the country. The USD/ZAR exchange rate plunged to 16.40, down sharply from the year-to-date high of 17.23. South African rand gained ahead of ceasefire talks The South African… Continue reading USD/ZAR forecast: South African rand surges as rising wedge activates
Why TCS stock is plunging despite earnings beat strong deal wins?
Shares of Tata Consultancy Services fell on Friday after India’s largest software exporter posted a rare decline in annual revenue, overshadowing better-than-expected quarterly numbers and strong deal wins. The stock dropped about 3% in early trade as investors focused less on the latest quarter and more on the broader message from the results. The recovery in technology… Continue reading Why TCS stock is plunging despite earnings beat strong deal wins?
Kospi and Nikkei 225 edge higher as oil, Fed fears cap Asia rally
Asian stocks edged higher on Friday, drawing some support from Wall Street’s overnight advance, but gains were restrained as investors weighed a fragile Middle East ceasefire, firmer oil prices and a further push-out in expectations for the first Federal Reserve interest-rate cut. The tone across the region was one of caution rather than conviction, with… Continue reading Kospi and Nikkei 225 edge higher as oil, Fed fears cap Asia rally