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.

Futures contracts for the Dow Jones index dropped by 4 points and are trading near a steady level since the beginning of Monday’s session at $34,637.

Cryptocurrencies led by Bitcoin and Ethereum returned to gains today after a tepid weekend that followed four straight days of gains. Bitcoin is trading near the level of $26,677, and Ethereum at 1,632, at approximately six in the morning GMT, after noticeable gains we witnessed at dawn today.

Crude oil prices trimmed the gains they achieved yesterday, after reaching new record levels this year and representing more high levels that we have not seen since mid-November of last year.

Fears of not fully controlling inflation and the risk of stopping too soon must have surpassed concerns about the rising risk of recession in the euro area.

Since the beginning of trading on Thursday, U.S. stock market indicators have been preparing for clear gains. The S&P 500 index is currently trading at $4,500, up 0.4%, while the Dow Jones index has risen by 0.3% or about 100 points, and the Nasdaq 100 has added about 0.5%.

At the onset of Tuesday’s trading, gold prices aimed to push their gains further, touching $1923.50 per ounce due to a weakening US dollar. Yet, the gains were short-lived, offset by the uptick in US Treasury bond yields, bringing the prices down to $1912.60.

The euro zone is grappling with challenges. Even though inflation is descending at a sluggish pace, the economic growth remains static.

On 23 August 2023, EuroCTP B.V. has been established as a company that aims to tender as the European Union consolidated tape provider for equities and ETFs.

The semiconductor sector anticipates a rebound and growth by 2024 following a phase of declining sales. The rise is primarily attributed to chips crafted for AI applications.

The US stock market has recorded a negative week with some price corrections potentially ahead still as traders consider economic data and the trajectory of monetary policy.

UiPath, Inc. (NYSE: PATH), a leading enterprise automation software company, announced financial results for its second quarter fiscal 2024 that were above analyst’s expectations.

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces that the Financial Supervisory Authority (ASF) has approved the prospectus for the admission to trading of AROBS shares on The Main Market of the Bucharest Stock Exchange.

Retail sales in July experienced a marginal decline of 0.2%, a bit worse than anticipated. Although this isn’t a promising start to Q3, the data suggests that the years-long downward trend in sales is beginning to stabilize.

Cryptocurrencies continue to trade sideways, led by Bitcoin hovering near the 26,000 level and Ethereum at $1,640.

In August, U.S. non-farm employment figures rose by 187,000, surpassing the expected 170,000. However, the downward adjustment of 110,000 jobs over the previous two months suggests a continuing deceleration in job growth.

The inflation rate in the Eurozone held steady at 5.3% in August, with core inflation also dipping to 5.3% from July’s 5.5%.

Cryptocurrency prices are settling today, led by Bitcoin, which is trading near $27,250 levels, as well as Ethereum, which is settling at $1,700. While these levels are higher than what we had seen over the past week, in light of more positive developments in the judicial battles that are still clouding the cryptocurrency market.