Brent crude oil price jumped to $76 after the fragile US-Iran ceasefire came under renewed pressure overnight. It has risen by 8.45% from its lowest level this month. Similarly, the WTI benchmark rose to $72.38 from this month’s low of $66.50. US and Iran ceasefire at risk of ending The ceasefire deal signed between the
The Nikkei 225 Index traded sideways on July 8 as artificial intelligence (AI) stocks rebounded after Tuesday’s sharp sell-off. The index was trading at 66,800, about 7% below its highest level this year. Despite the recent weakness, it has formed a highly bullish technical pattern, signaling that a rebound could be on the horizon. Kioxia,
The Hang Seng Index staged a strong comeback today, reaching its highest level since June 18, as investors rotated towards Chinese technology companies that have been left behind in the recent rally. It jumped to 24,057, up by 6.8% from its lowest point this year. Hang Seng Index soars as tech firms jump Chinese tech
Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest point this year, with its valuation falling by nearly $1 trillion. Still, the stock has formed a highly bullish pattern and has landed at a core support, suggesting a rebound is possible. Nvidia
Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers. Nio’s vehicle deliveries are soaring Nio has emerged as one of the fastest-growing
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest Canadian companies. Celestica stock has
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts. Rising short interest despite turnaround measures Plug Power,
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. It retreated to 0.5693 from last week’s high of 0.5725. RBNZ expected to hike interest rates The New Zealand dollar, commonly known
Barclays share price has gone parabolic in the past few months, reaching its highest point since 2007. It has soared by 55% in the last 12 months, outperforming its top peers like Lloyds and NatWest, which have jumped by 52% and 37% in the same period. Barclays vs Lloyds vs NatWest | Source: TradingView Barclays
Rolls-Royce share price has moved in a tight range in the past few months and is hovering around its all-time high. It was trading at 1,480p today, July 7, after rising by 52% in the last 12 months. This article highlights some of the key reasons why the stock may continue rising. Rolls-Royce share price