Carry trading occurs when investors borrow at low interest rates and invest in assets with higher returns. Weak US economic data triggered a stock plunge, which may prompt the US Federal Reserve to cut interest rates in an attempt to stem a recession. CNBC quoted a note from TS Lombard analysts, which read: The natural…
Read more
According to this leading derivatives marketplace, the Purdue University/CME Group Ag Economy Barometer Index increased by eight points, the Index of Current Conditions by 10 points, and the Index of Future Expectations by seven points. Although the Eastern Corn Belt soybean and corn prices fell by 11% and 5% respectively, farmer sentiment is positive. High…
Read more
Judge Amit Mehta produced a 286-page ruling that gave the US government its first significant antitrust win against the tech industry in close to two decades. Key to the decision was the ruling that Google has paid $26bn to ensure that its search engine was placed on smartphones and web browsers as the default option.…
Read more
Both the Nikkei 225 and TOPIX plunged by more than 12%. Benchmark indexes, which attained a record high on 11 July 2024, lost more than 20%. CNBC indicated that the Nikkei’s 12.4% decline was its worst day since ‘Black Monday’ in 1987. TOPIX fell by 12.23%. The Nikkei lost all financial traction gained since the…
Read more
Energised by artificial intelligence (AI) and its future possibilities, the stocks of companies such as Apple, Microsoft (MSFT) and Tesla (TSLA) experienced prolonged rallies. A Reuters report indicated that Apple, Tesla, Alphabet (GOOG) , and Amazon (AMZN) shares dropped by more than 4%. Nvidia (NVDA) fell by 7% and Microsoft and Meta Platforms (META) by…
Read more
The case came to light when the 81-year-old decided to sell his six million RMS shares. Being the largest shareholder in the luxury fashion business, selling them would allow him to bequeath half his multi-billion-euro fortune to his former gardener. However, when Puech tried to do this, he discovered what he described as a “gigantic fraud.”…
Read more
Economists believe that this weakening MXN performance, which typically fluctuates in tandem with USD movements, reflects apprehensions about a sluggish US economy. Risk-averse forex trading saw the greenback gain roughly 4% in the week ending 2 August 2024. Mexico’s latest data indicates a minor rise in unemployment with minimal changes in gross fixed investments during…
Read more
The British oil giant published its Q2 results and interim dividend margins on Thursday 1 August 2024. Although it beat forecasts, profits were down 19% from Q1, when Shell reported adjusted earnings of $7.7bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter According to media reports, Shell will run a share buyback scheme…
Read more
To attract investors to this niche, apart from Bitcoin offers, Futu is reportedly rewarding users with tech stocks, which include shares of Alibaba Group Holding (BABA) and the Nasdaq’s top performer, Nvidia Corporation (NVDA). As of Thursday 1 August 2024, Futu users can trade in Bitcoin and Ether – the world’s front runners in the…
Read more
He was in charge of Glencore’s oil business for many years, working from London until 2019. The Serious Fraud Office (SFO) has now said that Beard is being charged in connection with allegedly corrupt payments that were made with the aim of benefiting the company’s West African oil operations. The others charged under the same…
Read more