As investors across the Asia-Pacific region opened their trading day, markets showed a mixed sentiment on Monday. This came as anticipation for crucial economic data releases from both the U.S. and China later in the week mounted. Moreover, election results in France indicated a hung parliament, adding another layer of uncertainty to the market environment.
World
Despite the challenges faced by mainland China investors, the first half of the year has shown positive results for several Chinese stocks. One example is Apple supplier Foxconn Industrial Internet, which saw a significant 81% increase in the first six months. This surge in stock price has caught the attention of Bank of America Securities,
Hurricane Beryl made its way into the Gulf of Mexico after causing significant damage across the Yucatan Peninsula in Mexico. The storm, which initially hit Tulum as a Category 2 hurricane, has now weakened to a tropical storm as it moves towards south Texas. Texas officials have already issued disaster declarations and urged coastal residents
Bitcoin’s price took a hit, dropping to around $57,000 apiece on Thursday, marking a two-month low in response to the U.S. Federal Reserve’s release of minutes from its June meeting. This drop in value was a substantial 5% decrease over a 24-hour period, falling below the $57,000 mark for the first time since May 1.
Hurricane Beryl has made history by becoming the strongest-ever hurricane in July, shattering previous records with its devastating impact on the Caribbean region. Experts have noted that the rapid development and early formation of the tropical cyclone are directly linked to the effects of climate change. This powerful hurricane has been classified as the strongest
Meta, the parent company of Facebook, recently found itself in hot water with EU regulators over its ad-supported social networking service. The European Commission accused Meta of violating the bloc’s antitrust rules by failing to comply with the requirements set forth in the Digital Markets Act (DMA). The Accusations The main issue highlighted by the
French President Emmanuel Macron surprised everyone in early June by calling for a snap parliamentary election after his party suffered a significant loss in the European Parliament elections. This move came in response to the rising popularity of the far-right National Rally group, led by Marine Le Pen and Jordan Bardella. Macron justified the snap
The recent snap presidential election in Iran has revealed a close race between a low-key moderate candidate, Massoud Pezeshkian, and a protégé of Iran’s supreme leader, Saeed Jalili. The voter turnout of around 40% indicates a significant level of apathy among the Iranian population, reflecting their dissatisfaction with economic hardships and social restrictions imposed by
France’s upcoming parliamentary election has sent shockwaves through the investment community, with the country’s risk premium on the rise. However, according to Citi, there are two potential scenarios that have not been fully factored into the markets, which could have a significant impact on stocks in the wider European region. Beata Manthey, the head of
H&M, the world’s second largest retailer, experienced a significant stock plunge of over 14% after reporting lower-than-expected second-quarter profits. This decline was fueled by concerns over its June sales performance and doubts surrounding its full-year profit margin target. The company’s operating profit for the period between March and May fell short of analysts’ expectations, coming