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Indian stocks experienced their steepest decline in four years on Tuesday, as early vote counts suggested that Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led alliance might not achieve the overwhelming majority forecasted by exit polls. While initial vote counting in the general election indicated that Modi’s bloc was on track to secure a […]
India shares plunge as polls show Modi’s mandate slipping Read More »
Oil prices declined by up to 1% in Asian trading on Tuesday, extending losses from the previous session’s four-month low as investors remained concerned about increasing supply later this year amid signs of weakening U.S. demand. Brent crude futures dropped 73 cents, or 0.93%, to $77.63 a barrel by 0638 GMT. This followed Brent’s
Oil falls up to 1% on worries of supply rising later in 2024 Read More »
Deutsche Bank will collaborate with Bitpanda to handle customer deposits and withdrawals for the Austrian crypto broker, according to statements made by the companies to Reuters. Historically, the crypto industry has faced challenges in securing banking partners, particularly after the collapse of Silvergate Capital Corp, Signature Bank, and Silicon Valley Bank in 2023,
Deutsche Bank ties up with Bitpanda in ‘cautious’ crypto shift Read More »
Indian stocks experienced a sharp decline from record highs on Tuesday, erasing much of the gains made in the previous session. This downturn was driven by early vote counting in the closely-watched 2024 general election, which indicated a less decisive victory for the BJP than initially anticipated. The Nifty 50 index fell 3.8% to
India’s Nifty 50 slides nearly 4% as early vote counting signals slim Modi win Read More »
European stock markets edged lower on Tuesday amid caution ahead of the European Central Bank’s (ECB) policy meeting later in the week. As of 03:20 ET (07:20 GMT), Germany’s DAX index traded 0.6% lower, France’s CAC 40 fell 0.6%, and the U.K.’s FTSE 100 dropped 0.5%. ECB Meeting in Focus European equities had risen
European stocks retreat; caution ahead of ECB meeting Read More »
European stocks rebounded and government bond yields fell on Monday as investors anticipated an interest rate cut from the European Central Bank (ECB). Meanwhile, upcoming U.S. jobs data kept inflation concerns in focus. The pan-European STOXX index gained 0.4%, and U.S. stock futures also rose. In bond markets, the U.S. 10-year Treasury yield
European shares rally, eyeing ECB rate move Read More »
Oil prices dipped on Monday as investors processed the intricate agreement by the OPEC+ producer group to extend various levels of output cuts, many extending into 2025. Brent crude futures for August delivery fell by 42 cents to $80.69 a barrel by 1318 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude futures for July
Oil inches lower as investors weigh up extended OPEC+ supply cuts Read More »
Bitcoin’s price increased on Monday but remained within a narrow trading range despite optimism about potential interest rate cuts by major central banks and a weaker dollar. Bitcoin rose 1.5% over the past 24 hours, reaching $69,253.8 by 08:18 ET (12:18 GMT). However, the world’s largest cryptocurrency stayed within the $60,000 to $70,000 range
Bitcoin price today: rises above $69k but still rangebound despite rate cut hopes Read More »
Nvidia (NASDAQ: NVDA) made significant announcements at Computex in Taiwan, showcasing that the company is “so much more than GPUs,” according to a Sunday note from Wells Fargo analysts. During his keynote at National Taiwan University, Nvidia CEO Jensen Huang revealed several major developments. These included the Blackwell Ultra chip set for 2025 and
Wells Fargo says Nvidia ‘so much more than GPUs’ after next-gen chip announcement Read More »
Nvidia (NASDAQ: NVDA) showcased its expanding technological prowess at Computex in Taiwan, demonstrating that the company is “so much more than GPUs,” according to Wells Fargo analysts in a Sunday note. In his keynote at National Taiwan University, Nvidia CEO Jensen Huang introduced several groundbreaking developments, including the Blackwell Ultra chip slated for 2025
Wells Fargo says Nvidia ‘so much more than GPUs’ after next-gen chip announcement Read More »