Euro fell against the US Dollar (EUR/USD) by 0.63% today and reaches its lowest level in more than a month at 1.08740. Against the British pound, the Euro (EUR/GBP) rose by 0.13% after reaching its highest levels this week at 0.86204 early this morning.

The oil prices retreated during Monday’s trading, reaching $71.80 per barrel, despite several geopolitical factors supporting an upward trend, while the markets have overlooked these factors as they currently have minimal impact on oil supplies.

Cryptocurrency market had a very volatile night. Bitcoin fluctuated between the levels of $44,800 and $47,730. Ethereum was also able to advance and record more record levels that we have not seen since May of 2022, reaching the level of $2644.

The S&P 500 index started the current week on a positive note due to increased risk appetite, but it retreated as the release of U.S. inflation data approached, trading at $4,753.30 at the beginning of Wednesday’s session.

Euro is still moving almost sideways since the end of last week, trading on either side of the 1.095 level. Today, it was able to record some slight gains of about 0.07%.

Bitcoin (BTC) recorded moderate losses of 0.8% at the beginning of Monday’s trading before modestly rebounding to trade at $44,025.

XTB, a global fintech offering an online investing platform and a mobile app, launched today a new product for long-term passive investing. Investors in the UAE can now tap into the growing potential of Exchange-Traded Funds (ETFs) and build their individual portfolios on the go via the XTB mobile app.

The U.S. Dollar Index (DXY) is trading with a modest recovery at 101.55 points on the first trading day of the year, as markets price in the possibility of substantial cuts to federal interest rates in 2024.

The Dow Jones (US30) index witnessed significant fluctuations in 2023, experiencing major sell-offs in March and October.

In November, the capital market in Romania continued its strong upward trend recorded during the year. Only last month the BET index, which includes the 20 most liquid companies listed on the Regulated Market (RM) of the Bucharest Stock Exchange (BVB), went up by almost 3.5%.

U.S. stock markets, including the S&P 500 Index, Nasdaq Composite, and Dow Jones Industrial Average, marked their seventh consecutive week of gains, with the Dow reaching an all-time high.

Business activity in the euro area fell at a steeper rate in December, according to the latest Purchasing managers index (PMI) survey data, closing off a fourth quarter which has seen output fall at its fastest rate for 11 years barring only the early-2020 pandemic months.

After several months of stock market rollercoaster on Uber’s shares, the company’s shares has managed to rise this year, up nearly 150%, making its return comparable to Bitcoin.

In a weekend surprise for the cryptocurrency community, the price of Bitcoin (BTC) surpassed the $40,000 level we discussed in our previous articles. As Monday’s trading began, Bitcoin was up by about 3.46%, trading near $41,330 with a market value of $796 billion and a trading volume of nearly $18.9 billion.

U.S. stock and bond markets rallied, with major indexes like the S&P 500 and Nasdaq Composite posting significant gains, achieving their best monthly performance since July 2020.

Euronext, the leading pan-European market infrastructure, announces today the successful achievement of Euronext Clearing’s first major strategic milestone, the expansion of its clearing offering for Euronext cash markets.

Euro was able to achieve some slight gains against the US dollar this morning by 0.14%, reaching the level of 1.09207 at the peak of the rises at approximately 9:00 a.m. GMT.

Business activity in the euro area continued to fall during November, according to provisional survey data, amid a further solid decline in new orders. Both output and new business have now decreased in each of the past six months.

The OPEC+ alliance is experiencing renewed internal conflict, leading to a postponement of their meeting originally set to discuss the output policy for 2024.

Radu Hanga, the current President of the Board of Directors of the Bucharest Stock Exchange, won a new mandate today for a period of four years, starting from February 2024.

US stocks have recently stopped rising, with the Dow Jones Industrial Average falling by 62.75 points or 0.18% to close at 35,088.29 points. The S&P 500 index also fell by 0.20%, closing at 4,538.19 points, and the Nasdaq index fell by 0.59% to reach 14,199.98 points, thus breaking all Wall Street indicators’ series of five […]

U.S. stock futures are relatively unchanged today as we enter the shortened Thanksgiving holiday week where Black Friday sales will test the pulse of the consumer-driven U.S. economy this week.

According to the latest release published today, in October, the rate of inflation in the United States decreased more significantly than anticipated.

Euro rose to its highest levels since Monday of last week against the US dollar, reaching the level of 1.07305 around morning.

Airbus, a global leader in aerospace, has released its financial results for the first nine months of 2023, showcasing a mix of robust performance and challenges.

In the first nine months of this year, Allianz has experienced robust growth in its business volume, operating profit, and core net income. The company has also further strengthened its solvency position, reaching 212 percent.

The price of Bitcoin (BTC) fluctuated during Friday’s transactions, hovering around $36,546. This comes after a significant increase in prices during yesterday’s trading, reaching a level of $38,400, as investors’ hopes in the Bitcoin market rose regarding the approval of the Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).

British pound rose slightly this morning to the level of 1.22348 temporarily at approximately 7:00 AM GMT, before retreating again to the sideways path it had been following all day, which was the result of a series of daily losses extending since the beginning of the week.

Cryptocurrency markets are undergoing a transformative shift with the emergence of Exchange-Traded Funds (ETFs) for Spot Bitcoin.

The global stock market is witnessing its strongest weekly surge in 2023, with the S&P 500 index achieving its largest gains since April for the fourth consecutive day.

The Bucharest Stock Exchange Group, consisting of the operator with the same name, Depozitarul Central and CCP.Bucharest (Central Counterparty) reported a consolidated net profit after the first nine months of 2023 in significant growth, reaching the value of 21.50 million lei, double compared to the previous period (10.72 million lei in 9L 2022), being directly […]

The BET index of the Bucharest Stock Exchange (BVB) reached a new all-time high in September. At the end of the trading session on September 20th, BET showed a level of 14,466 points.

Global stock markets witnessed an improvement in performance on Tuesday, as futures for U.S. stock indices rose following a sharp decline in bond yields a day earlier.

Bitcoin continued its series of gains, reaching the level of $35,157 at approximately 2:30 a.m. GMT today, reaching the highest levels since last May. These gains were reversed and Bitcoin returned to the level of 33783 at approximately 7:15 am.

The eurozone economic downturn accelerated at the start of the fourth quarter, according to provisional PMI survey data for October, with private sector output declining at the steepest rate for over a decade if pandemic affected months are excluded.

Crude oil prices have continued to decline since last Friday, after a series of gains that led to the highest levels in about twenty days. West Texas Intermediate (WTI) oil futures fell by 0.6% to $87.55 per barrel at approximately 12:00 noon GMT. Brent crude oil futures also fell by approximately the same percentage, reaching […]

Merger of Romanian subsidiaries and creation of third largest bank in Romania by total assets, cementing UniCredit’s presence in a key growth market, with Alpha Bank retaining a 9.9% stake.

Fidelity has submitted a new proposal for a Bitcoin Exchange Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) in a new step to address ongoing regulatory concerns that have hindered the approval of Bitcoin ETF investment projects.

On Wednesday, US stocks were under pressure as traders reacted to the developments in the Middle East, where tensions have fueled demand for safe-haven assets. Additionally, yesterday’s retail sales data re-affirmed the resilience of the US economy, giving more weight to the Federal Reserve’s tight monetary policy and the risk of seeing interest rates remain […]

Citigroup reported revenues of $20.1 billion in the third quarter 2023 representing 9% increase year-over-year. The higher revenues reflected strength across Services, US Personal Banking and Markets, as well as growth in Banking, which was offset by the revenue reduction from the closed exits and wind-downs.

Despite economic resilience earlier this year, with a reopening rebound and progress in reducing inflation from last year’s peaks, economic activity still falls short of its prepandemic path, especially in emerging market and developing economies, and there are widening divergences among regions.

The potential future price of Bitcoin (BTC), which significantly drives the cryptocurrency market, largely depends on its correlation with the U.S. Dollar Index (DXY).

Impact Developer & Contractor (BVB: IMP), one of the largest real estate developers on the local market, has announced that it has attracted 8 million euros from investors through a bond issue aimed at achieving the objectives assumed in the medium-term development strategy.

NIKE, Inc. (NYSE:NKE) yesterday reported fiscal 2024 financial results for its first quarter ending 31 august that were above analysts’ expectations.

Crude oil has been one of the main factors contributing to the problem of uncontrollable inflation worldwide. When Russia attacked Ukraine, uncertainty about supplies drove prices to almost $130 per barrel.

Natural gas prices continued their upward trend today, reaching the highest levels not seen since last August 22. European natural gas futures (TTF) reached 44.77 MWh at approximately 12:00 noon GMT.

The eurozone private sector remained in contraction at the end of the third quarter of the year as waning demand led to a further decline in activity.

First quarter results improved primarily due to the execution of the company’s DRIVE program initiatives and continued focus on revenue quality but the improvement in operating results was partially offset by ongoing demand weakness.

Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, today announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.