Recent News
European Stocks Largely Flat; Ryanair Reports Record June Numbers
by GalaxyNews | July 6, 2023 | Uncategorized | 0 Comments
European stock markets traded largely unchanged Tuesday, with investors searching for cues given a light data calendar and a U.S. holiday. At 03:30 ET (07:30 GMT), the DAX index in Germany traded flat, the CAC 40 in France rose 0.1%, while the FTSE 100 in the U.K....
Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting
by GalaxyNews | June 22, 2023 | Economy | 0 Comments
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50...
Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?
by GalaxyNews | June 20, 2023 | Banks | 0 Comments
Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap...
Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues
by GalaxyNews | June 19, 2023 | Uncategorized | 0 Comments
Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks...
Global banks raise forecast to 4% peak for key ECB rate
by GalaxyNews | June 16, 2023 | Economy | 0 Comments
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB...
4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings
by GalaxyNews | June 15, 2023 | Economy | 0 Comments
Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000...
Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance
by GalaxyNews | June 14, 2023 | Economy | 0 Comments
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to...
Nikkei Closes Above 33,000 For The First Time In 33 Years
by GalaxyNews | June 13, 2023 | Stock market | 0 Comments
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI...
European Stock Futures Edge Higher; Central Bank Decisions Seen Key
by GalaxyNews | June 12, 2023 | Uncategorized | 0 Comments
European stock markets are expected to drift higher at the open Monday, at the start of a week dominated by a series of key central bank meetings in the U.S., Asia and Europe. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.4% higher, CAC 40...
Kim Kardashian seeks Secret of Private Equity Success As Rising Rates Bite
by GalaxyNews | June 9, 2023 | Uncategorized | 0 Comments
Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of...