The Hang Seng Index remains in a deep bear market and is hovering at its lowest level since July 17th as the crisis between the US and Iran escalates. It dropped to 24,570, down by over 11.65% from its highest level this year. Crude oil prices are raising inflation concerns The Hang Seng Index dropped
BP’s share price has continued its uptrend today, with investors betting on stronger profitability as energy costs rise. The stock jumped to 572p, its highest level since April 28 and 27% above its July low. With crude oil prices surging, this rally could well continue in the coming days. Crude oil prices are soaring BP
The Japanese yen has soared in the past few weeks, and is now hovering near its highest level since February this year. The USD/JPY pair has dropped to 154.17, down sharply from the year-to-date high of 163.96. Focus now shifts to some notable macro numbers and the upcoming monetary policy decisions by the Federal Reserve
The Lloyds share price remains largely unchanged today, September 11, as investors weigh the stronger-than-expected UK GDP report against rising bond yields. UK yields have climbed to their highest level in years, adding pressure on equities. The stock now sits 6.13% below its highest point this year. Lloyds Bank to benefit from the UK economy
Brent crude oil price pulled back today, September 11, as traders started booking profits after the recent rally. It also retreated ahead of a potential meeting between Iran and Gulf countries. It was trading at $104, down modestly from this week’s high of $109.85. Iran and Gulf countries meeting Brent and West Texas Intermediate benchmarks
The situation continues to deteriorate for TripAdvisor’s stock. It fell to a record low of $8.82 on Thursday, extending a downward trend that started in 2014, when shares peaked at $98.80. Most notably, the current price is far below the $17.50 that a mystery buyer, speculated to be Apollo, had offered for the company. TripAdvisor’s
Enbridge stock has suffered a sharp drop this week, falling to its lowest level since February, following some notable company announcements. Its US-listed shares have now declined for seven straight weeks and are down 16.50% from their high for the year. So, is it safe to buy the dip? Why Enbridge stock has slumped Enbridge
The Nikkei 225 and Topix dropped a bit on Thursday as investors focused on the rising oil prices and Japan bond market. The blue-chip Nikkei dropped to 64,717 points, down by 11.2% from its highest point this year. This is happening as energy prices and odds that the BoJ will hike interest rates rise. BoJ
XRP price remained on edge today, September 10, as the recent crypto market rally stalled. Ripple token dropped to $1.3905, down modestly from this month’s high of $1.6975. This retreat happened even as the XRP ETF inflows jumped and the Ripple USD (RLUSD) growth continued. XRP ETF Inflows are Soaring American investors have continued accumulating
The US government bond yields continued rising overnight as traders reacted to the latest intervention by Treasury Secretary and the new Trump announcement on the $5,000 dividend checks. The ten-year extended gains, reaching a high of 4.85%, its highest level since 2023. Similarly, the 30-year yield rose to 5.30%. Trump proposes $5,000 dividend checks if