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Bitcoin Reclaims US$1 Trillion MCap As Price Hits 2-Week High
March 10, 2021 08:25 AM AEDT| By AnujSource:3Dsculptor,Shutterstock Bitcoin zoomed back to its two-week high, rallying over US$ 54,500 in early Tuesday morning trade as Wall Street investors went bullish on crypto assets. The top electronic currency token soared over 7 per to US$54,50...
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Pound performs well against the US dollar and the Euro
March 10, 2021 02:20 AM AEDT| By Team Kalkine MediaCopyright © 2021 Kalkine Media Pty Ltd. Summary The Great British Pound (GBP) displayed a positive trend amid the US dollar uncertainty, with speculators raising bets for a GBP upside. GBP has been able to put up a good show thanks to UK&...
FTSE 100 falls over 1% from day’s high even as OECD raises GDP forecast
March 10, 2021 02:17 AM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary The benchmark FTSE 100 plunged more than 1 per cent from the day’s peak in the early afternoon deals on 9 March The UK GDP is expected to grow by 5.1 per cent annually as compared to t...
Two NYSE-listed stocks benefiting from natural gas price rally
March 09, 2021 08:57 PM AEDT| By Team Kalkine Mediaes are getting crucial support from the Parabolic SAR indicator. The NYMEX Natural gas has climbed almost ~49 percent from its 28 December 2020 low of USD 2.238 to a high of USD 3.316 levels made on 17 February 2021. The analysis of the c...
Know What’s Latest in Global Economic Calendar
March 09, 2021 07:27 PM AEDT| By DaminiSource: dokurose, Shutterstock Summary The US Senate’s approval of USD 1.9 trillion relief bill has fuelled optimism in the global economy. The latest results of various economic indicators worldwide turned out to be a mixed bag. The on...
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FTSE 100 Likely to Open on A Muted Note
March 09, 2021 05:59 PM AEDT| By Suhita PoddarSource:Copyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 to likely open on a muted note on Tuesday, 9 March, following mixed trading by Asian equities. The futures linked to the FTSE 100 were trading 0.18 per cent lower. The marke...
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Deliveroo And Other IPOs Lined Up for LSE Debut
March 09, 2021 05:19 PM AEDT| By AbhijeetSource: OneSideProFoto, Shutterstock Summary Investing in IPOs could be really rewarding if you invest in the right businesses and companies. The Boris Johnson government, post-Brexit is making all efforts to attract blank-check firms and tec...
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Australia warns against protectionism on Italy's vaccine export block
March 09, 2021 04:55 PM AEDT| By Team Kalkine MediaSource: Seasontime, Shutterstock Summary Australian government triggers a warning against vaccine protectionism on the vaccine export block from Italy. The country has asked the European Commission to review Italy’s decision. The govern...
Amazon-backed Deliveroo set for London IPO with Dual-Class Structure
March 09, 2021 01:51 PM AEDT| By Team Kalkine MediaSource: zaozaa19,Shutterstock Summary Deliveroo, a British food delivery firm, is set to launch its IPO, expected to be London's biggest listing in several years. The plan follows strong business traction during 2020. The com...
Legacy Automakers Transitioning to EV by 2030
March 09, 2021 12:53 PM AEDT| By Mark O'DonnellSource: Virrage Images,Shutterstock Summary Legacy Automakers are ramping up EV production, with many signalling a complete transition to EV within the decade. Electrified versions of popular makes and models are being pushed out over the...
US Stocks End Mixed Amid Recovery Hopes, Bond Selloff
March 09, 2021 08:43 AM AEDT| By Team Kalkine Mediaden’s US$1.9 trillion relief bill set for a final Senate vote on Tuesday. US stocks ended mixed on Monday ahead of a crucial Senate vote on President Joe Biden’s US$1.9 trillion stimulus package this week, even as investors continued...
Did Travel & Leisure stocks lift FTSE 100 higher; Dow Jones up by over 500 points
March 09, 2021 08:07 AM AEDT| By Team Kalkine MediaSource: Copyright © 2021 Kalkine Media Pty Ltd. US Markets: : Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 35.66 points or 0.93 per cent higher at 3,877.60, Dow Jones Industrial Averag...
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FTSE 100 Recoils Sharply as European Equities Surge
March 09, 2021 03:14 AM AEDT| By AbhijeetCopyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 bounced back to positive territory in the late afternoon deals London equities seemingly favoured the expanded rollout of vaccines and the exit roadmap FTSE 100 bounced back to...
Why Is Goldman Sachs Group Inc Planning to Resume Its Cryptocurrency Desk?
March 09, 2021 12:56 AM AEDT| By AbhijeetSource: Chinnapong, Shutterstock Summary A study by Goldman Sachs has found renewed interest in the group’s digital assets. Media reports had said that the group would now be dealing in bitcoin futures, non-deliverable forwards. Ami...
Brent Breaches $70-Mark as Saudi Aramco Faces Drone Attack
March 08, 2021 10:47 PM AEDT| By AbhijeetSource: Anan Kaewkhammul, Shutterstock Summary Brent crude breached the $70-mark for the first time in the last 14 months. The Saudi energy ministry has denied any loss of property or casualties. WTI futures rallied 2.86 per cent to $67.98 pe...
Week ahead: Will ECB cap the rising bond yields?
March 08, 2021 09:31 PM AEDT| By Team Kalkine MediaSource: Freedomz, Shutterstock Summary The decision about rising sovereign bond yields is on the cards as the European Commercial Bank (ECB) meets on Thursday. Experts said if left unchecked, it may reverse the process of economic recovery. T...
Why Is the UK Government Facing Backlash from Education and Health Unions?
March 08, 2021 08:42 PM AEDT| By Suhita PoddarSource: Sensay, Shutterstock Summary The Boris Johnson government is facing backlash from the education as well as the health sector after it announced that schools will reopen from Monday. Besides, health workers might announce a strike prote...
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Brent crosses US$70/barrel-mark on Ras Tanura missile attacks
March 08, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Anan Kaewkhammul, Shutterstock Summary Brent crude oil prices soared over US$70 per barrel after an oil farm in Saudi Arabia was attacked by a missile on Sunday. Iran-backed Houthis carried out the attacks as a retaliatory move against...
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FTSE 100 Likely to Open Lower as Asian Equities Hover in Red
March 08, 2021 06:11 PM AEDT| By AbhijeetSource:Copyright © 2021 Kalkine Media Pty Ltd. Summary FTSE 100 is expected to open on a negative footing on Monday. The futures linked to the FTSE 100 traded 0.19 per cent lower. Investors are awaiting the cues from the upcoming macro d...
Rocket Lab Refuels To Compete With SpaceX
March 08, 2021 06:06 PM AEDT| By Mark O'DonnellSource: Oleg_Yakovlev, Shutterstock Summary Rocket Lab is set to list on the Nasdaq in the second quarter of 2021. Rocket Lab will use the listing to gain funds to build bigger rockets. The US-NZ Company is targeting SpaceX’s marketspac...
