Australian stocks pulled back on Thursday, even as other global indices jumped amid the ongoing Iran-US truce. The ASX 200 Index dropped to $8,947, from this week’s high of $9,056. This retreat happened as investors reacted to the latest Chinese and Australian macro data. Still, it is slowly forming a bullish flag pattern, pointing to… Continue reading ASX 200 Index slips after Australia jobs data as a bullish pattern emerges
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Why Sigenergy stock surged nearly 80% on Hong Kong debut?
Chinese energy storage systems maker Sigenergy Technology made a strong debut in Hong Kong after raising HK$4.4 billion, or about $562 million, in its initial public offering. The stock opened at HK$581, against a listing price of HK$324.20, marking a jump of roughly 79.2% and making it one of the standout new listings in the… Continue reading Why Sigenergy stock surged nearly 80% on Hong Kong debut?
Nikkei 225 hits record high as Asian markets rally on risk-on mood
Asian markets opened higher on Thursday as optimism over a possible US-Iran deal extended the risk-on mood from Wall Street, where the S&P 500 and Nasdaq closed at record highs. The shift from “set to rise” to actual gains matters because it confirms investors are acting on improving sentiment rather than merely signalling intent ahead… Continue reading Nikkei 225 hits record high as Asian markets rally on risk-on mood
Nifty 50 Index soars ahead of Infosys, ICICI, HDFC, Yes Bank earnings
Indian stocks are in a strong bull run, with the blue-chip Nifty 50 Index soaring by 10% from its lowest level this year. It jumped to INR 24,233, its highest level since March 11, boosted by the falling crude oil prices and the ongoing earnings season. Indian stocks surge as war end hopes The Nifty… Continue reading Nifty 50 Index soars ahead of Infosys, ICICI, HDFC, Yes Bank earnings
Here’s why the CoreWeave stock price rally is set to accelerate
CoreWeave stock price has staged a strong comeback this week, pushing it to its highest point since November last year, and this trend may continue in the foreseeable future as its business momentum accelerates. CRWV jumped to $120, up by over 80% from its lowest level this year. CoreWeave stock jumps as its market share… Continue reading Here’s why the CoreWeave stock price rally is set to accelerate
Webull stock rare pattern points to more gains as SEC ends Pattern Day Trader rule
Webull stock price has rebounded in the past few days, and this trend may continue in the near term as it has formed a highly bullish chart pattern and its growth trajectory is continuing. BULL jumped by 13% on Wednesday, reaching its highest point since March 5 this year. This rally happened after the SEC… Continue reading Webull stock rare pattern points to more gains as SEC ends Pattern Day Trader rule
Why Microsoft stock is surging around 4% today
Shares of Microsoft moved higher in early trading, even as the stock remains significantly below its peak. The move comes as investor concerns around artificial intelligence competition appear to ease following positive industry feedback. The stock rose 4% to $408.27, though it remains down 27% from its all-time closing high of $542.07 recorded in October… Continue reading Why Microsoft stock is surging around 4% today
BBC to slash 10% of workforce amid cost pressures, revenue strain
The BBC is preparing to cut as many as 2,000 jobs, or roughly 10% of its workforce. Interim Director General Rhodri Talfan Davies announced the proposed downsizing during a call with employees on Wednesday, followed by a memo outlining the broadcaster’s financial challenges. “Put simply, the gap between our costs and our income is growing,”… Continue reading BBC to slash 10% of workforce amid cost pressures, revenue strain
Nvidia stock continues surge to 11th day: will it breach $200?
Shares of Nvidia continued their upward momentum on Wednesday. The stock is extending a recent rally that has brought the stock close to a key psychological level, though investors remain cautious about a sustained breakout. The stock rose around 1.6% in early trading to $199.53, putting it on track for a 11th consecutive session of… Continue reading Nvidia stock continues surge to 11th day: will it breach $200?