In the first three months of 2024, the Eurozone’s debt increased as France battled to stabilize its finances following weeks of political unrest. The EU statistics agency, Eurostat, reported that the 20 nations in the currency area had debt of 88.7% of GDP, up from 88.2% in the prior quarter.The …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 22
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »Asian Stocks Slump Amid Uncertainty Over U.S. Political Landscape and Tech Sell-Off
Asian markets experienced a downturn on Monday, as investors grappled with the potential ramifications of U.S. President Joe Biden’s surprise decision to withdraw from the 2024 reelection race and endorse Vice President Kamala Harris as his successor. The unexpected move fueled uncertainty about the future direction of U.S. policies towards …
Read More »Behind the Curtains: Likely Bidenexit Matters for US Economy
About 29 Democrats in the House are calling for US President Joe Biden to step down. However, some top Democrats privately believe that the rising pressure of party congressional leaders and close friends will persuade Biden to quit the presidential race as soon as this weekend. The 81-year-old president remains …
Read More »Stock Market Struggles Ahead of Looming Huge Earnings
The tech industry is experiencing a severe decline, which has been negatively impacting the stock market. In the upcoming week, GE Aerospace, Tesla, ServiceNow, and Alphabet, the parent company of Google, will all be releasing their earnings results. Amid issues with chips, the CrowdStrike IT failure, and other issues, the …
Read More »Global Computer Systems Meltdown: CrowdStrike Software Update Triggers Widespread Chaos
A seemingly routine software update from cybersecurity firm CrowdStrike unleashed a wave of chaos on Friday, causing widespread disruptions to critical computer systems worldwide. The malfunctioning update impacted a multitude of industries and services, from grounding flights and silencing broadcasters to disrupting banking and healthcare operations. The culprit behind the …
Read More »Asian Stocks Slide Amid US-China Trade War Concerns
Asian stock markets experienced a broad decline on Friday, fueled by persistent worries over a potential trade war between the U.S. and China. The technology sector led the losses, despite positive earnings from TSMC, as investors continued to rotate out of tech stocks and into economically sensitive sectors. Key Takeaways: …
Read More »How have US stocks reacted to rate bets, statements by Fed officials?”
On Thursday, US stocks experienced significant losses after profit-taking triggered by the desire to benefit from the recent gains they had achieved over the past few days. This came in the wake of increasing expectations of an interest rate cut by the Fed in September. The recent surge in stock …
Read More »Should Investors Buy Tesla Now, or Wait to See?
Tesla’s stock defies typical analysis. While most companies see their value tied to financial performance, Tesla’s price is heavily influenced by excitement for its future prospects and the bold pronouncements of its CEO, Elon Musk. This has resulted in a stock price as volatile as a California wildfire, though it …
Read More »Nasdaq Futures Dive Over 1% as Investors Dump Tech Stocks, Turn to Small-Caps
U.S. stock index futures tumbled on Wednesday, with the Nasdaq 100 leading the decline, as investors offloaded megacap tech and chip stocks and shifted their focus to previously underperforming areas of the market, such as small-cap stocks. Major tech companies like Apple, Microsoft, and Alphabet all saw their shares drop …
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