Investors evaluate the course of the interest rate

Arrows on the go: Verbund up and Fuchs down Austrian electricity supplier Verbond It remained the top climber among European stocks, up 8.2%. German lubricant manufacturer Fox The largest decline was recorded at 4.6%. The Stoxx 600 was generally bullish, led by retail stocks, which rose 2.2%. – Jenny Reed Stocks on the go: Verbund … Read more

Hong Kong shares rose 3% as technology stocks advanced; Chinese activity data disappointing

Primavera Capital says there is huge value in some Chinese tech stocks Fred Ho, founder and chairman of Primavera Capital, said stocks of large Chinese tech companies are “too low” and “cheap.” Hong Kong’s Hang Seng Tech is down more than 30% since the start of the year, although the index has rebounded in recent … Read more

Investors Flee Big Tech for the Old Economy, Here’s What It Means

The world’s largest tech companies, once the darlings of Wall Street, have lost nearly $3 trillion in combined market capitalization over the past year. Remarkably, this is after the high-tech Nasdaq Composite surged more than 7% in Thursday’s biggest market rally in two years on a cooler-than-expected CPI, but still high. Faced with an economic … Read more

Shares in Hong Kong rose more than 3% as Chinese trade data missed estimates

China’s October exports recorded the first year-on-year decline since May 2020 China’s exports in US dollars fell 0.3% in October from the previous year, significantly missing expectations for a 4.3% increase in a Reuters poll and a sharp decline from 5.7% growth in September. Imports also fell 0.7%, missing Expectations are for a 0.1% gain … Read more

Open to close after a big week for earnings and monetary policy

Stocks on the go: Adidas rises 20%, Leonardo drops 7% German sportswear brand Adidas jumped 20% to top the Stoxx 600 list in Friday afternoon deals after announcing a new collaboration following her split from artist Kanye West. On the other hand, shares of Italian aerospace and defense company Leonardo fell 7% after issuing full-year … Read more

Hong Kong stocks rise Asian markets mixed before Fed rate decision

Oil futures rose after industry report on falling US crude inventories Oil futures rose on Wednesday after industry reports showed a decline in US crude inventories in the last week, Reuters Citing figures from the American Petroleum Institute on Tuesday. Brent crude futures contracts A profit of $1.31, or 1.46%, to stand at $95.87 a … Read more

Stocks rally ahead of RBA decision; Caixin PMI less than 50

The Reserve Bank of Australia raised interest rates by 25 basis points, as expected The Reserve Bank of Australia raised interest rates by 25 basis points to 2.85%, in line with the average expectations of analysts in a Reuters poll. This is the seventh consecutive tightening move by the Reserve Bank of Australia in an … Read more

Stock exchange fluctuations in Hong Kong, Asian markets varied; China’s PMI shrinks to deflation

US State Department: Senior Chinese diplomats discuss Russian relations and war US Secretary of State Anthony Blinken spoke with Chinese Foreign Minister Wang Yi and discussed “the need to maintain open lines of communication,” newspaper A. Foreign Ministry readings. Blinken said he also discussed managing competition between the United States and China “responsibly,” without elaborating. … Read more

Powell faces political pressure once again as concerns about the economy mount

Jerome Powell, Chairman of the US Federal Reserve, speaks during a federal hearing event in Washington, DC, US, on Friday, September 23, 2022. Drago | Bloomberg | Getty Images Political questioning of the Federal Reserve Chairman Jerome Powell About the central bank’s policy moves are intensifying, this time from the other side of the aisle. … Read more

Celebrities’ “deepfakes” began appearing in advertisements, with or without their permission

Celebrity deepfakes are coming to advertising. Among the recent entries: Last year, the Russian telecom company MegaFon released a commercial in which Hollywood legend Bruce Willis helps Bomb defusing. And last month, a promotional video for machine learning company Paperspace was shown. Show speech Actors include Tom Cruise and Leonardo DiCaprio. None of these celebrities … Read more