Hang Seng Brought Down by Alibaba’s Slide after Scrapping Cloud Spinoff
Shares of Chinese tech giant Alibaba slump after abandoning plans to spin its Cloud unit due to US chip restrictions, weighing on HKG33
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Shares of Chinese tech giant Alibaba slump after abandoning plans to spin its Cloud unit due to US chip restrictions, weighing on HKG33
Watch today’s US Open for insights on the UK inflation cool down, the strong labor data from Australia, Burberry’s poor results and more
The British high-end fashion designer reported underwhelming H1 FY24 results on Thursday and warned it could miss its full year revenue guidance, amidst a decline in luxury spending
The pair surged earlier in the week to due to the soft US inflation report, but eases today despite strong wage and employment data from Australia
The US index posted one of its best days of the year on Tuesday, after the CPI report showed inflation moderation, reinforcing market optimism for peak rates
The commodity staged a turnaround with the help of supportive OPEC comments, but struggles to extend its recovery, despite cool US inflation and strong data from China
The pair posted its best day of the year on Tuesday on cool US inflation data, but faces headwinds today as the UK report also showed a significant deceleration
Wednesday’s CPI report showed further progress on inflation, which grew by the slowest pace in two years and the data will be welcomed by the central bank, which has stayed on the sidelines for the last two meetings
Watch today’s US Open for insights on the US Inflation deceleration, which boosts Wall Street, the rebound in oil prices and more
The US energy giant announced its entry into lithium refinery on Wednesday, aiming to cover the needs for over one million electric vehicles (EVs) by 2030
The UK index lacks firm direction as it digests this week’s wage figures and the cabinet shake-up, while awaiting Wednesday’s pivotal CPI inflation report
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