Asian Stock: TIPCO Asphalt
Company: TIPCO Asphalt Public Company LimitedBloomberg ticker: TASCO TBMarket cap: US$909mBackground: TIPCO Asphalt Public Company Limited manufactures and distributes asphalt products used in the construction and maintenance of roads. TASCO also runs an asphalt-dedicated refinery in Malaysia and owns and operates 8 asphalt tankers to export its products to other markets. World Class Benchmarking of TIPCO Asphalt Profitable Growth […]
Does China AI Threaten US Tech Dominance?
And just like that, the formerly high-flying US tech sector is on the defensive. If you blinked, you missed it.Anxiety about the competitive threat from Chinese artificial intelligence lab DeepSeek triggered a sharp selloff in US equities on Monday, with the worst of the decline centered in tech. Chipmaker Nvidia was especially hard hit, suffering a near-$600 […]
EUR/USD Analysis: Upward Shift Ahead Of The ECB Announcement EUR/USD Technical Analysis Today:
The EUR/USD currency pair is attempting to maintain its recent upward rebound gains, which recently reached the resistance level of 1.0533, the pair’s highest level in a month, before settling around 1.0490 at the time of writing this analysis. It is awaiting important US and European events that will determine the fate of the Euro-Dollar […]
Sensex Today Rallies 535 Points; Nifty Above 22,900
After opening the day higher, Indian benchmark indices gained as the session progressed and ended the day higher.Indian benchmark equity indices BSE Sensex and Nifty50 were trading higher on Tuesday, amid mixed global cues.At the closing bell, the BSE Sensex stood higher by 535 points (up 0.7%).Meanwhile, the NSE Nifty closed higher by 147 points (up 0.6%).Axis Bank, Cipla, […]
GBP/USD Drops As Trump’s Tariff Threat Boosts US Dollar
The Pound Sterling extended its losses against the Greenback on Tuesday as US President Donald Trump threatened to impose tariffs on computer chips and other industries. Risk aversion extended for the second straight day, and the GBP/USD retreated from weekly highs of 1.2523, trading at 1.2432, down 0.50%. GBP/USD falls to 1.2432, down 0.50%, amid rising U.S. protectionist […]
Repeat Home Sales Indexes For November Show YoY Deceleration, M/M Stabilizing
This morning we got the final housing reports for the month, the repeat house price indexes from the FHFA and Case Shiller. Both continued to show deceleration from one year ago, but conflicting signals for the last few months.On a seasonally adjusted basis, in the three month average through November, U.S. house prices according to the […]
Dutch Pension Reforms Suddenly At Risk
Image Source: Pixabay Dutch pension reforms are at risk due to a proposal in parliament that requires each fund to obtain a vote of approval from its participants before transitioning assets to the new system. This proposal could lead to a more gradual implementation of the reforms, delaying the unwinding of longer-dated fixed-rate receivers. Moreover, funds may become […]
USD/CHF Price Forecast: Bounces Back Amid Fears Of Widening Fed-SNB Policy Divergence
USD/CHF recovers strongly from 0.8965 as investors expect the Fed-SNB policy divergence to widen further. The Fed is expected to keep interest rates steady in the policy announcement on Wednesday. The safe-haven demand of the US Dollar increases in a risk-aversion environment. The USD/CHF pair rebounds strongly, slightly above the key hurdle of 0.9050 in Tuesday’s North […]
RTX Corp Outperforms Expectations With $21.6 Billion In Q4 Revenue
Image Source: Pexels RTX Corp. (NYSE: RTX) recently announced its fourth quarter results for 2024, showcasing a robust performance that exceeded expectations. The company reported sales of $21.6 billion, marking a 9% increase compared to the previous year. This growth was driven by an 11% organic rise, excluding divestitures, indicating strong demand across its business segments.RTX’s GAAP earnings per […]
US Durable Goods Orders Tumbled In December As Boeing Bloodbath Continues
US Durable Goods Orders tumbled in December, according to preliminary data, dropping 2.2% MoM (vs +0.65 MoM expectations). Worse still, November’s 1.2% MoM decline was revised down to a 2.0% MoM decline…Source: BloombergThe large decline appears to be Boeing related as Ex-Transports, durable goods rose 0.3% MoM as expected with non-defense aircraft and parts orders plunging 45.7% MoM…Source: BloombergThe […]
