Market News

India and China emerged as the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in May. Traders and data from LSEG indicated a significant increase in these exports, reflecting shifts in global trade patterns following the European Union’s embargo on Russian oil products. Surge in Russian fuel oil and VGO exports… Continue reading India, China lead in Russian fuel oil and VGO imports in May

SolarEdge Technologies (NASDAQ: SEDG) is making headlines today with two significant pieces of news that have sent shockwaves through the market. The company announced plans for a private placement of $300 million in convertible senior notes, which will mature in 2029. This move aims to fund capped call transactions, redeem part of their outstanding 0%… Continue reading SolarEdge stock plunge: Bargain buy or falling knife?

Fetch.ai (FET) and Injective (INJ) defied the current bearish markets with significant price increases over the past day. Monday’s X post from Injective about “something brewing” with Fetch.ai catalyzed recoveries for the altcoins within the last 24 hours. Something is brewing…$FET $INJ pic.twitter.com/mQdYoZIIfT — Injective 🥷 (@injective) June 24, 2024 Injective’s post feature the company’s… Continue reading FET, INJ soar up to 20% as Injective announces plans to collaborate with Fetch.ai

European equities tumbled yesterday as uncertainty dominates financial markets. With the debt ceiling deadline in the United States approaching fast, the bearishness of the US indices affects global equity markets. Diversification is key when building a portfolio. Several ways to diversify exist, and one is to diversify with other countries’ equities. As such, the Spanish… Continue reading IBEX 35 price forecast after yesterday’s red day for European equities

Financial markets are slow this May as investors await the end of the debt ceiling negotiations. As such, it is a good time to look at the bigger picture and focus on the long-term perspective. One thing strikes me as odd. While the Federal Reserve raised the interest rate several times, the S&P 500 is… Continue reading 3 reasons to be bullish on the S&P 500 index

Investors neglected UK equities in recent years, as they barely trade above post-pandemic levels. In contrast, the US stock market rallied in response to the fiscal and monetary stimulus provided by the authorities in the United States. But 2023 sees US equities stalling. For example, the Dow Jones index is almost flat, up +0.61%  YTD.… Continue reading 3 reasons to buy UK equities here and now

Coinbase shares traded above $60 on Wednesday, up more than 24% in the past five days and over 80% higher in year-to-date returns.  Incidentally, the price of COIN has remained positively poised after the company’s revenue beat as announced in its first quarter 2023 results. H.C Wainwright analyst Mike Colonnese has now raised the price… Continue reading Coinbase stock: H.C. Wainwright updates COIN price target, reiterates Buy rating

Metacade (MCADE) price hit its all-time high above $0.045 on Wednesday, with the token’s value inching higher as buying pressure mounted ahead of its listing on global crypto exchange MEXC Global. While the outlook for MCADE remains bullish amid various price factors, the token has pared some of the gains since the ATH. Also, although… Continue reading Bears threaten MCADE amid profit taking deals: Is now a good time to buy?

One of the most important pieces of economic data from the euro area was released this week. On Wednesday, the Final CPI y/y data showed inflation in the euro area at 6.9%. Luxembourg and Spain registered the smallest increases, of 2.9%, respectively 3.1%. While the 6.9% average for the euro area is way higher than… Continue reading EUR/USD rate to keep rising despite improvements in core inflation dynamics