Author: Multibagger News

Investing.com– Most Asian stocks rose slightly on Wednesday with Japan’s Nikkei 225 coming back in sight of record highs, while Chinese markets fell tracking a disappointing reading on service sector activity. Regional markets took a positive lead-in from Wall Street, where the and the finished at record highs after Federal Reserve Chair Jerome Powell flagged some progress in bringing down inflation. But this optimism was limited, with U.S. stock index futures falling slightly as Powell also warned that the Fed needed more confidence to cut rates. Anticipation of more cues on U.S. interest rates this week- with data and the…

(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets on Tuesday, helping Wall St stocks back to all-time highs as a sweep of labor market soundings are due ahead of the July 4 break. As the Nasdaq hit new records and the closed above 5,500 points for the first time, Tesla (NASDAQ:) stole the show – surging 10% to its highest level since January after it reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter. The…

MADRID (Reuters) – Spain’s government on Wednesday announced a crackdown on short-term and seasonal holiday lettings amid rising anger from locals who feel priced out of the housing market. The government will investigate listings on platforms such as Airbnb and Booking (NASDAQ:).com to verify if they have licences, consumer rights minister Pablo Bustinduy said. “If a house doesn’t have a license for tourism, advertising it on internet platforms should be illegal and thus punished,” Bustinduy said in an interview with state broadcaster TVE. Spain is grappling with how to strike a balance between sustaining tourism, one of the main drivers…

By Dominique Vidalon PARIS (Reuters) -French Prime Minister Gabriel Attal, a close ally of President Emmanuel Macron, said he believed a cross-party bid to deprive Marine Le Pen’s far-right National Rally of a majority in next Sunday’s parliamentary run-off could succeed. However, he dismissed suggestions that Macron’s centrists could look to form a cross-party government in the event of a hung parliament, proposing that moderates in the assembly work together to pass legislation on a case-by-case basis instead. Attal was speaking after more than 200 candidates across the political spectrum agreed to pull out of local contests to clear the…

The question of President Biden’s candidacy in the upcoming election has been a hot topic, particularly after his performance in the first debate. In notes this week, analysts at Strategas and Evercore ISI provided their thoughts. According to Strategas, Biden “failed to achieve his objectives” during the debate, worsening his electoral standing. Despite this, their analysis points to Biden remaining the Democratic nominee, albeit with some uncertainty. Strategas analysts have engaged extensively with campaign strategists, news articles, clients, and election rules. Their research suggests that, although surprising, Biden is likely to stay on the ticket. However, they acknowledge that unexpected…

Bengaluru, India, July 3rd, 2024, Chainwire E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. E Money Network’s Architecture Unlocks a World of Possibilities E Money Network is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into…

On Wednesday, RBC Capital maintained its outperform rating on shares of Rollins (NYSE:) with a consistent price target of $52.00. The firm anticipates an uptick in Residential Pest control services in the second quarter of 2024, driven by the seasonal impact of warmer weather and the emergence of cicadas. The analysis also forecasts continued strong performance in the commercial and termite/ancillary service sectors. The company’s growth is expected to benefit from the natural cycle of cicadas, which is predicted to see two broods this year, potentially increasing demand for pest control solutions. This cyclical event, combined with the onset of…

By Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its tight grip on the currency’s movements, according to a Reuters poll. While most emerging market currencies fared badly against the dollar in the past two years, the rupee has stayed remarkably stable due to the RBI’s nearly $650 billion forex reserves which it has deployed regularly to curb volatility. The currency’s implied volatility, hovering at its lowest level in nearly two decades, is expected to hold…

Investing.com — U.S. stock futures hovered mostly around the flatline on Wednesday, as investors awaited the release of minutes from the Federal Reserve’s latest meeting and fresh labor market data. The main indices climbed in the previous session, with the benchmark in particular closing above 5,500 points for the first time ever. Elsewhere, Apple (NASDAQ:) is reportedly set to take an observer role on the board of ChatGPT-maker OpenAI. 1. Futures muted U.S. stock futures were muted on Wednesday after the main averages on Wall Street climbed in the prior session. By 03:29 ET (07:29 GMT), the contract was trading down…

SINGAPORE (Reuters) – China’s Sinopec (OTC:) Corp has struck a high flow of oil and gas in an offshore exploration well in the Beibu Gulf of the South China Sea, it said on Wednesday. The well, Hai-3, a rare slanted well with a drilling depth of 4,600 meters (2.86 miles), tested daily output of 738 cubic metres of and 280,000 cubic metres of , Sinopec said. The discovery of the shallow-sea well will boost Sinopec’s ongoing development of the Weizhou oilfield in the Beibu Gulf that has proven oil reserves exceeding 10 million metric tons (73 million barrels), Sinopec said…