Shares in Asia were mixed while Treasuries fell after declines in European bonds, eroding a November rally in US debt. Oil extended losses. Hong Kong and mainland Chinese equities dropped, reversing Thursday’s rally inspired by Beijing’s widening property rescue campaign. Japanese stocks rose in catch-up play after a national holiday, while those in Australia also … Read More “Asia stocks mixed, treasuries echo Europe sell-off: Markets wrap” »
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Stocks traded within narrow ranges while the dollar hovered near its weakest level in almost three months ahead of national holidays. A gauge for Asian equity benchmarks was mostly unchanged as artificial intelligence stocks slipped following a tepid reaction from investors on Nvidia Corp’s earnings. Futures for European and US stocks were little changed as … Read More “Stocks, dollar see muted trading before holidays: Markets wrap” »
by Fintechnews Africa 21 November 2023 Yellow Card becomes the first fintech on the continent to launch PayPal USD (PYUSD). This new stablecoin from PayPal, issued by Paxos, will open new horizons for digital financial transactions between Africa and the United States. Crypto adoption in Africa is booming – according to a report by Chainalysis, … Read More “Yellow Card Is the First Fintech in Africa to Launch PayPal USD (PYUSD)” »
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Diverging views on oil’s outlook has prompted debate ahead of an OPEC+ meeting in the final weekend of November. China and the the US agreed to step up joint action to tackle climate change in the lead up to a key United Nations meeting. Copper trades are signaling a shaky 2024, while cocoa is soaring. … Read More “Five key charts to watch in global commodity markets this week” »
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South Africa’s rand extended gains on Wednesday, heading for its biggest two-day advance against the dollar since July, as a rally in government bonds lured foreign investors back to the country’s debt. The rally, sparked on Tuesday by cool US inflation data that raised optimism the Federal Reserve is getting closer to a rates pivot, … Read More “Bond rally breathes new life into SA’s currency” »
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Lackluster performances for recent debutants on US exchanges, and a fast-approaching holiday season, have Wall Street mostly looking ahead to next year as the market for initial public offerings remains anemic. Last week Hamilton Insurance Group and Cargo Therapeutics became the two most recent firms to raise more than $200 million on US exchanges, and … Read More “‘It’s all about 2024’ for would-be IPOs as recent debutants slip” »
