Financial markets
The stock market's decline, including a 1.7% slide for the S&P 500 on Monday, has sparked differing opinions from top market analysts. Marko Kolanovic, chief global market strategist at JPMorgan, believes the decline will be short-lived, citing technical selling flows and overreaction to perceived risks.
Financial markets
Indian markets are likely to open sharply lower today as trends in the SGX Nifty indicate a gap-down opening with a 129-point loss. The benchmark indices are expected to open on a negative note as global markets, particularly in the US, closed lower on Friday. The Dow Jones Industrial Average,
Financial markets
Consumer price inflation in the world's largest economy has shown signs of easing, a move that has investors digesting data and reacting to the news in the stock market on Tuesday. Among the big movers, Moderna, Microsoft, and Salesforce.com were notable, with Moderna's shares rising
Financial markets
Regenxbio, a gene therapy company, saw its stock soar 31.2% to $43.40 on Monday after announcing a deal with AbbVie to develop an experimental gene therapy called RGX-314 for three eye diseases, including wet age-related macular degeneration. The collaboration, which could be worth up to $1.75 billion,
Financial markets
The upcoming expansion of Germany's DAX index from 30 to 40 members will increase the number of non-German board members serving on the constituent companies. The addition of companies like Airbus, Puma, Zalando, and Siemens Healthineers on September 20 will bring more diversity to the index, which has
Financial markets
China's central bank, the People's Bank of China, has significantly increased its holdings in the London stock market, owning UK shares worth $17.1 billion, including stakes in most of the FTSE 100. This buying spree has raised economic tensions between Beijing and the West, particularly
Financial markets
NBP Fund Management Limited has published the latest net asset values for its various funds as of August 30, 2021. The values provide insight into the performance of the funds, showcasing the current market situations and trends. The net asset values for the funds have been disclosed, revealing the performance
Financial markets
In a statement issued by KattenMuchinRosenman LLP, the law firm has challenged recent derivative lawsuits against Special Purpose Acquisition Companies (SPACs), asserting that they are not "investment companies" under the Investment Company Act of 1940. The lawsuits claim that SPACs are investment companies because they invest proceeds from
Financial markets
The National Bank of Pakistan's (NBP) Fund Management Limited has released the latest update on its investment funds, providing current offers and redemption prices for various funds as of August 23, 2021. A total of 31 funds, including Islamic and conventional savings funds, money market funds, and pension
Financial markets
As of August 23, 2021, HBL Asset Management Limited released the net asset value (NAV) of its mutual fund schemes. The data includes the NAV of various schemes under the conventional mutual funds, Shariah compliant mutual funds, and pension funds, as well as fund of funds. The NAV is presented
Financial markets
Stronger-than-expected US payroll data has led to a sharp pullback in oil and gold prices, as well as a rise in the value of the US dollar, amid concerns over the impact of the Delta variant on global demand and growth forecasts. The strong US dollar has pushed oil prices
Financial markets
Indian markets are expected to open flat to mildly lower on Monday, aligning with rangebound Asian markets and mixed US markets on Friday, according to Deepak Jasani, Head-Retail Research, HDFC Securities. The projection comes as the Nifty futures on the Singaporean Exchange were trading at 16,231, indicating a 37-point
