Hong Kong Stocks Tumble, Xpeng Hit Hardest As Alibaba Plans To Divest American Shares
Xpeng's share price fell a substantial 5.1% to HK$56.30 ($7.22) as Alibaba unveiled the plans.
Asia And Europe Markets Mostly In Green, Crude Oil And Gold Gain – Global Markets Today While Us Was Sleeping
On Thursday, December 14th, U.S. stock markets ended positively as Treasury yields reached their lowest in months, driven by a shift in investor focus away from growth stocks due to the Fed's dovish position.
Asia Markets Mixed, Europe Rises While Crude Oil Advances Above $70 – Global Markets Today While US Was Sleeping
On Wednesday, December 13th, U.S. stock markets closed higher, with major three indices soaring more than 1%, as the Federal Reserve hinted at ending rate hikes and lower borrowing costs in 2024.
Asia Markets Mixed, Europe Gains While Crude Oil Dips Below $70 – Global Markets Today While Us Was Sleeping
On Tuesday, December 12th, U.S. stock markets closed on a high post-inflation data, ahead of the Fed's policy decision.
In economic data, November's consumer price index increased by 0.1%, while the annual increase stood at 3.1%, slightly down from October's 3.2% rate.
China Outmaneuvers Trade Restrictions, Forges Ahead In Semiconductor Race Say Experts
China's semiconductor industry is not only surviving, but thriving, despite trade restrictions. Huawei's Mate 60 Pro, with a domestically fabricated chip, signals a shift in the global tech race between the world's two largest economies.
Biden Shifts Stance On Israel, Calls For Netanyahu’s Government To Pivot; IDF Floods Gaza Tunnels With Seawater
Joe Biden warned Israel on Tuesday, expressing concern over IDF's current operations, while Global response & diplomatic efforts are underway to end the 67-day conflict.
Asia Markets Up, Europe Mixed, Gold Maintains Above $2K Level – Global Markets Today While Us Was Sleeping
On Monday, December 11th, U.S. stock markets closed on a high in anticipation of pivotal inflation data and the upcoming Federal Reserve meeting.
The S&P 500 saw broad gains, led by consumer staples and industrials, although communication services stocks fell, bucking the general uptrend.
Will 2024 Be Economic ‘Turning Point?’ Central Banks Worldwide Projected To Cut Interest Rates To Avert Crisis
This anticipated change is expected to ease the burden on households and businesses struggling with high-interest costs, particularly in the U.S. and Canada.
Alibaba Rival Praised By Jack Ma Faces Investor Doubt As Whales Place Bearish Bets In Options Surge
"Temu may not be able to offer its current low prices indefinitely, which could result in the erosion of its key value proposition," wrote Morgan Stanley analysts.
Asia Markets Rise, Europe Trades Mixed While Crude Oil Hovers Near $70 – Global Markets Today While Us Was Sleeping
On Friday, December 8th, U.S. stock markets ended on a high, with the S&P 500 and Nasdaq hitting their top closing levels since early 2022, fueled by an encouraging U.S. jobs report, sparking optimism among investors about the economic outlook.