Latest news with #marketupdate
Zawya
2 days ago
- Business
- Zawya
Qatar's QSE index closes higher
Doha: The Qatar Stock Exchange (QSE) general index closed Tuesday's trading higher by 133.960 points, or 1.280 percent, to close at 10,618.02 points. During the session, 184,242,725 shares, valued at QAR 439,346,781.170, were traded in 22,265 transactions across all sectors. Shares of 42 companies rose, while five companies saw a decline in their share price, and four companies maintained their previous closing price. Market capitalization at the end of the trading session amounted to QAR 626,293,430,178.708, compared to QR 620,602,322,342.119 in the previous session. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
23-05-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Index Gains 4.5% with All Assets Trading Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3347.55, up 4.5% (+143.83) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: AVAX (+11.2%) and NEAR (+7.9%).Laggards: SUI (+2.4%) and XRP (+2.5%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Elon Musk says he's committed to still be Tesla's CEO in five years' time
Dubai, united arab emirates to view this content. Tickers mentioned in this story Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 20/05/25 10:52am EDT.
The Independent
14-05-2025
- Business
- The Independent
Asian shares mostly gain amid cautious relief over U.S.-China agreement
Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. Japan 's benchmark Nikkei 225 lost 0.8% to 37,874.59. Australia's S&P/ASX 200 shed 0.1% to 8,260.40. South Korea's Kospi surged 1.1% to 2,635.86. Hong Kong's Hang Seng jumped 1.1% to 23,367.57, while the Shanghai Composite gained 0.1% to 3,377.75. The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. 'In the absence of a lasting deal, uncertainty over where tariff rates will settle and the impact of those already implemented will remain key factors in our macroeconomic forecasts,' said Brian Coulton, chief economist at Fitch Ratings. A report overnight that showed U.S. inflation unexpectedly slowed last month helped drive buying that pushed the S&P 500 up 0.7%, to 5,886.55. The Dow Jones Industrial Average fell 0.6% to 42,140.43, and the Nasdaq composite climbed 1.6% to 19,010.08. The S&P 500 fell nearly 20% below its record last month, but has since recovered on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send inflation spiking higher. The S&P 500, which sits at the center of many 401(k) accounts, is back within 4.2% of its all-time high set in February and positive again for the year so far. Tuesday's report said that even with all the uncertainty around trade, and even with many businesses rushing to import products from other countries before tariffs raise their prices, inflation slowed to 2.3% last month from 2.4% in March. Such data pulls the economy further from a worst-case scenario called 'stagflation,' where the economy stagnates but inflation remains high. The Federal Reserve has no good way to fix that toxic combination. It could try to lower rates to help the economy, for example, but that would likely worsen inflation in the short term. Even with Tuesday's encouraging report, economists and analysts say inflation may still run higher in coming months because of Trump's tariffs. That will likely leave the Fed waiting for more data to guide their decision on whether and when to cut interest rates in order to help the economy. It's similar to the wait that investors in general are enduring. With the Fed set to make no moves on interest rates for the time being, markets will likely trade 'with negotiation and reconciliation headlines,' according to Alexandra Wilson-Elizondo, global co-head and co-chief investment officer of multi-asset solutions within Goldman Sachs Asset Management. On Wall Street, stocks in the artificial-intelligence industry were strong. Nvidia rose 5.6% and was the biggest single force pushing upward on the S&P 500. It's partnering with Saudi Arabia's sovereign wealth fund-owned AI startup Humain to ship 18,000 chips to the Middle Eastern nation to help power a new data center project. In the bond market, Treasury yields ticked higher with hopes for the U.S. economy. The yield on the 10-year Treasury rose to 4.48% from 4.45% late Monday. The two-year Treasury yield, which moves more closely with expectations for Fed action, ticked up to 4.01% from 3.98%. In energy trading, benchmark U.S. crude fell 44 cents to $63.23 a barrel. Brent crude, the international standard, declined 46 cents to $66.17 a barrel. In currency trading, the U.S. dollar edged down to 147.16 Japanese yen from 147.21 yen. The euro cost $1.1192, up from $1.1188. ___ AP Business Writer Stan Choe in New York contributed.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Market Analysis: Monday May 12th, 2025
Global Market Update Canadian Markets:Canada's TSX rose as gold prices declined and oil prices surged. The drop in gold was primarily due to a stronger U.S. dollar, a direct result of the tariff reduction deal between the U.S. and China. The increase in oil prices, boosted the energy sector, contributing significantly to the rise in Canadian equities. Investors interpreted the tariff de-escalation as a signal of easing economic tensions, prompting a more optimistic market outlook. A survey released today showed that consumer confidence rose slightly after new Prime Minister Mark Carney's election win. U.S. Markets:American markets rallied across the board, after the U.S. and China reached an agreement to reduce tariffs. This development marked a pivotal moment in the ongoing trade war, alleviating fears of a prolonged economic conflict that had weighed heavily on global sentiment. The tariff reduction led to a stronger U.S. dollar, which subsequently pressured gold prices lower as investors moved away from safe-haven assets. The rally in U.S. equities was broad-based, with gains seen across industrial, technology, and consumer discretionary sectors. European Markets:European shares also moved higher following the positive trade news. Investors in the region were encouraged by the tariff de-escalation, which restored some confidence after weeks of trade-related uncertainty. However, U.S. President Donald Trump's comments on European trade practices—stating that the EU is 'in many ways nastier than China'—tempered the optimism somewhat, indicating that trade disputes with Europe might be the next focal point. Despite this, European markets saw gains, particularly in export-heavy sectors. UK Markets:The UK stock market also benefited from the tariff deal between the U.S. and China, with the energy sector experiencing a notable rise due to higher oil prices. However, the British pound fell as investors flocked to the strengthening U.S. dollar. Stock News Air Canada: JPMorgan raises target price to C$29 from C$28 after mixed Q1 results and dividend cut to $1.75 from $3.99. Algonquin Power & Utilities Corp.: Maintains Sector Perform with price targets of US$6.00 and US$5.50; market welcomes stable quarter and upcoming investor update. Alphabet Inc: Google agrees to pay $1.375 billion to Texas to settle data privacy allegations without admitting wrongdoing. Apple Inc: Considering price increases for its fall iPhone lineup, aiming to link hikes to new features rather than U.S.-China tariffs. BCE Inc: JPMorgan raises target price to C$29 from C$28 after mixed Q1 results and dividend cut. BHP Group Ltd & Rio Tinto Plc: U.S. judge blocks land transfer for copper mine due to Apache Stronghold's legal challenge. Bristol-Myers Squibb Co: Reaches $700 million settlement with Hawaii over Plavix labeling, shared equally with Sanofi. Comstock Resources Inc: Gerdes Energy Research downgrades to Sell from Neutral, citing a 26% stock appreciation since January. CrowdStrike Holdings Inc: Wedbush raises target price to $475 from $395, noting increased market share and product expansion. CSX Corp: Signs tentative five-year contract with BLET covering 3,400 locomotive engineers, pending union ratification. Docebo Inc: Downgraded to Sector Perform from Outperform by ATB Capital Markets; target price cut to C$45 from C$75 due to lowered revenue growth forecast. Eli Lilly and Co: Reports superior results for Zepbound in a head-to-head trial against Novo Nordisk's Wegovy for weight loss. Emerson Electric Co: JPMorgan raises target price to $113 from $110 after Q2 beat and improved full-year guidance. Lyft Inc: Daiwa Capital Markets raises target price to $16 from $14 following better-than-expected Q1 results. MAG Silver Corp & Pan American Silver: Pan American to acquire MAG Silver for $2.1 billion, accessing a 44% stake in the Juanicipio mine. Microsoft Corp: Negotiating with OpenAI to revise partnership terms, balancing equity and access to future AI advancements. Novartis AG: Continues to manufacture malaria and leprosy treatments despite uncertain funding, emphasizing humanitarian commitment. Uber Technologies Inc: Daiwa Capital Markets raises target price to $76 from $68 after increasing 2026 EBITDA estimates. Workday Inc: U.S. federal HR agency cancels controversial contract amid concerns over lack of competition.
